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explorerJC




Joined: 20 Oct 2005
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PostPosted: Wed Mar 08, 2017 8:51 pm    Post subject: Reply with quote

i'm with big Sam on this...and i am not sure whether they very intelligent and having us on or imbeciles and really mean it...
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Tigger




Joined: 25 Apr 2005
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Location: Hampshire

PostPosted: Wed Mar 08, 2017 9:28 pm    Post subject: Reply with quote

SloggingScotsman wrote:
Equally and sadly there will fewer tax jobs!


Really, with the Finance Bill expected to be around 400 to 450 pages?
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SloggingScotsman




Joined: 18 Jul 2006
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PostPosted: Wed Mar 08, 2017 9:46 pm    Post subject: Reply with quote

Tigger wrote:
SloggingScotsman wrote:
Equally and sadly there will fewer tax jobs!


Really, with the Finance Bill expected to be around 400 to 450 pages?
i was thinking about what Hammond said about the personal penalties for advisors who recommend tax avoidance schemes which are defeated by HMRC. That is surely likely to encourage even more caution in tax planning, and hence fewer jobs.

Re compliance surely that is largely automated nowadays? I know that digital tax is still being phased in, but with all of the recent (to me being out of it for two decades) clampdowns on planning, I assume that there is much less scope for it.

Clearly my assumption may be incorrect.
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explorerJC




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PostPosted: Thu Mar 09, 2017 8:26 am    Post subject: Reply with quote

NI increase for self employed...Doh
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SloggingScotsman




Joined: 18 Jul 2006
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PostPosted: Thu Mar 09, 2017 9:23 am    Post subject: Reply with quote

explorerJC wrote:
NI increase for self employed...Doh
incrementally, but importantly no group in society is going to be made foreseeably homeless or driven to despair or suicide, unlike some recent budgets. And for anyone who doesn't know people who have been placed in such situations, I do. It's a real problem. Nor been placed in impossible situations by a budget that even my Tory mp agrees is impossible.

There will always be winners and losers in any budget, but the key is doing no real harm, while enabling. I think Hammond nailed that.

Though I do feel sorry for those who incorporated to save tax, and who this year are finding higher tax bills due to the dividend changes, and who now with this budget will be paying even more tax. Though I agree conceptually with what Obsborne tried to achieve there in his day.
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explorerJC




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PostPosted: Thu Mar 09, 2017 10:09 am    Post subject: Reply with quote

combined with a business rate increase, thankfully it will probably only be small business owners under threat...oh, and their employees...oh, and their suppliers...oh, and the premises owners...sorted then...
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sooooooooz




Joined: 20 Sep 2009
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Location: Bath and TrowVegas

PostPosted: Fri Mar 10, 2017 7:53 am    Post subject: Reply with quote

I wonder if Sloggers is still impressed?...some of the descriptions of The Budget, especially the NI Contributions increase..."misleading, wrong, disastrously received, unpopular" etc etc. Don't shoot the messenger Cool
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explorerJC




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PostPosted: Fri Mar 10, 2017 8:40 am    Post subject: Reply with quote

sooooooooz wrote:
I wonder if Sloggers is still impressed?...some of the descriptions of The Budget, especially the NI Contributions increase..."misleading, wrong, disastrously received, unpopular" etc etc. Don't shoot the messenger Cool


the business owner where i lease is now paying nearly 40k in business rates and any increase in costs is hurting him badly....I will have to cover some of that I am sure....i don't know how he pays himself, but if he is on payroll above the threshold, his NI will also have increased. he works his socks off now to keep the level of staff that he employs.

I am in credit for NI with HMRC, but although the additional increase is not too severe, it all adds up. I am sure more people will put more expenses through the books to cover it. I am also what used to be termed "fully paid up" which means that i could take an unethical stance and look not to not pay any more
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SloggingScotsman




Joined: 18 Jul 2006
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PostPosted: Fri Mar 10, 2017 9:34 am    Post subject: Reply with quote

sooooooooz wrote:
I wonder if Sloggers is still impressed?...some of the descriptions of The Budget, especially the NI Contributions increase..."misleading, wrong, disastrously received, unpopular" etc etc. Don't shoot the messenger Cool
yes.

Because:-

1. This budget has done no real harm, by which I mean foreseeable driving people to despair and suicide and placing people in genuinely impossible situations where you are damned if you do and damned if you don't. I have had to live with the consequences of such things and it ain't pretty.

2. The NI debate has two elements:-

A. The concept of increasing it, well that is a matter of politicians and promises, combined with a public misperceptions that your NI actually pays for health etc, when in reality it all goes into one big pot. More honesty would resolve this.

B. The absolute effect on people. Sure it will hurt, but not as much as forcing people into homelessness or motivating people to consider that suicide is the best option.

There will always be winners and losers in every budget, but at least this one isn't killing people and destroying lives.
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explorerJC




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PostPosted: Fri Mar 17, 2017 9:57 am    Post subject: Reply with quote

sooooooooz wrote:
I wonder if Sloggers is still impressed?...some of the descriptions of The Budget, especially the NI Contributions increase..."misleading, wrong, disastrously received, unpopular" etc etc. Don't shoot the messenger Cool


if i understood the radio report, the NI increase has been dropped
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Jgav




Joined: 06 Dec 2016
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PostPosted: Fri Mar 17, 2017 1:09 pm    Post subject: Reply with quote

explorerJC wrote:
sooooooooz wrote:
I wonder if Sloggers is still impressed?...some of the descriptions of The Budget, especially the NI Contributions increase..."misleading, wrong, disastrously received, unpopular" etc etc. Don't shoot the messenger Cool


if i understood the radio report, the NI increase has been dropped


Looks like a very public government U turn, not had one of them in a little while. They're normally like buses, so can't wait to see what gets changed next.
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