The Next Conservative Budget

[Convert]

Here come the Welfare cuts!

[gibbon]

Only basic rate tax relief for btl interest payments.

Ouch.

[PurpleMoonlight]

So far taking money from:

Pension contributions for highest tax payers.
Buy to let owners paying more than basic rate tax.
Business owners paying themselves via Dividends.

[gibbon]

Now im just waiting to lose the tax benefit for my pension contributions...

[Blue Oval84]

VED to be used for road building again!

Does this mean we can go back to calling it "Road Tax" without a PH pedant picking up on it?

[essayer]

gibbon said:

Now im just waiting to lose the tax benefit for my pension contributions...

"Annual tax relief on pension contributions to be limited to £10,000 a year"

[kiethton]

gibbon said:

Only basic rate tax relief for btl interest payments.

Ouch.

Watching this with interest, off to view a flat this evening.....

[Hub]

VED will have three duty bands - zero emission, standard and premium.

I dread to think what the price of premium is going to be!

[kiethton]

Hub said:

VED will have three duty bands - zero emission, standard and premium.

I dread to think what the price of premium is going to be!

Indeed, give it 10 years and I'd hate to see the price premium for a '15' plate non-premium performance car over a '16' plate...

[p1stonhead]

Hub said:

VED will have three duty bands - zero emission, standard and premium.

I dread to think what the price of premium is going to be!

Didnt say the figure unsurprisingly. Bet its an insane figure.

[Pegscratch]

Mermaid said:

Most, if not all new cars warn you on the dash if a light bulb needs replacing. And other obvious faults. Why subject almost 2 millions cars to an extra MOT?

The annual MOT is a pain, but a necessary one. Germany has 2 year MOT's for used cars, but far more comprehensive that results in marginal cars being scrapped.

Meanwhile, in the real world, most people buy new 'white goods' cars with none of the above.

I'm sorry, you attribute far too much on the masses who don't care what state their vehicle is in because it's a space that they have to provide minimal input into to get to work whilst tweeting and facebooking their 'friends'. I'd even put up with a 6-monthly check.

[gibbon]

essayer said:

"Annual tax relief on pension contributions to be limited to £10,000 a year"

Wheres this? I missed this...

Is there some tapering to no relief if you earn over 150k or whatever nonsense they predicted?

[williamp]

Hub said:

VED will have three duty bands - zero emission, standard and premium.

I dread to think what the price of premium is going to be!

The premium will soon be branded ultra, vpower, 5 star RON etc etc and true enthusiasts will be able to tell the difference

[steveatesh]

PurpleMoonlight said:

So far taking money from:


Business owners paying themselves via Dividends.

Missed that one - what were the details, can you recall?

[CaptainSlow]

hmmm...self employed paying via divis have been hit!!

[Blue Oval84]

CaptainSlow said:

hmmm...self employed paying via divis have been hit!!

As a PAYE payer, my heart is surely bleeding for them

[ralphrj]

steveatesh said:

PurpleMoonlight said:

So far taking money from:


Business owners paying themselves via Dividends.

Missed that one - what were the details, can you recall?

BBC Tracker said:

Mr Osborne says the dividend tax system is "complex and archaic". He's replacing dividend tax credit with a tax-free allowance of £5,000 of dividend income for all taxpayers.

The rates of dividend tax will be set at 7.5%, 32.5% and 38.1%.

[Eric Mc]

CaptainSlow said:

hmmm...self employed paying via divis have been hit!!

Self employed people can't pay themselves using dividends.

Shareholders of a limited company receive dividends - sometimes.

[0000]

CaptainSlow said:

hmmm...self employed paying via divis have been hit!!

I didn't catch all of it, but only those on over £140k I thought he reckoned. Those lower being better off. Plus corporation tax to drop 2%.

[essayer]

This is the most hostile budget for small business owners that I can remember