2021 Budget Predictions

[poordecisions]

Kier Starmer adding nothing of value again.

[poordecisions]

jimmytheone said:

Didnt hear of any CGT changes? Were there any?

No

[TTmonkey]

Starmer is grasping.

[Welshbeef]

This is a very good budget - anyone disagree.

[S17Thumper]

Andy 308GTB said:

RichB said:

Welshbeef said:

ant1973 said:

Increases in income tax and VAT and fuel duty. Why is it down to business to pay for this mess?

What increase in fuel duty?

Chap obviously wasn't listening.

I don't think he's having a good day!

It’s a very expensive day for him don’t you know

[PeteinSQ]

Welshbeef said:

What increase in fuel duty? He’s cancelled the planned increase.
He’s extended by a year the hospitality Vat cut 6m 5% rest of time 12%. Taxes

Income tax isn’t increased but tiers are frozen - so if you don’t get a pay rise for 5 years you’ll pay no more tax. If you do get a pay rise then you’ll lose out on inflation change to the lower threshold.

He was saying that's what they should have targeted rather than corporation tax.

[Andy 308GTB]

PeteinSQ said:

Welshbeef said:

What increase in fuel duty? He’s cancelled the planned increase.
He’s extended by a year the hospitality Vat cut 6m 5% rest of time 12%. Taxes

Income tax isn’t increased but tiers are frozen - so if you don’t get a pay rise for 5 years you’ll pay no more tax. If you do get a pay rise then you’ll lose out on inflation change to the lower threshold.

He was saying that's what they should have targeted rather than corporation tax.

Yes, he's been quoted out of context

[baptistsan]

Andy 308GTB said:

RichB said:

Welshbeef said:

ant1973 said:

Increases in income tax and VAT and fuel duty. Why is it down to business to pay for this mess?

What increase in fuel duty?

Chap obviously wasn't listening.

I don't think he's having a good day!

Think he was suggesting the first 3 as an alternative.

[S17Thumper]

TTmonkey said:

Starmer is grasping.

At first (when he became leader) he looked like he could maybe sway me, but the more he speaks the less he says.

[clockworks]

Eric Mc said:

Those newly established self employed people who missed out in the Self Employed Income Support Scheme (SEISS) will now be able to claim the final two grants (small consolation in my view).

I wonder if I will now qualify?

Although I started my small business 20 years ago, 2019/20 was the first year where my income from self-employment exceeded my income from PAYE employment and early retirement pension.

I gave up my PAYE job in October 2018, and went self-employed full time.

In 2019/20, my self-employment profit was 55% of my total income, with pension income making up the remaining 45%.

So far, I've received nothing at all from the government.

[Anonymous-poster]

RichB said:

Chap obviously wasn't listening.

If the question he was answering was quoted it would be clear it was you pair that’s not listening!

[Scootersp]

ant1973 said:

poordecisions said:

ant1973 said:

Yup. I am done with the Tories. 5 figure tax increase for me in 2023.

What is the alternative?

Increases in income tax and VAT and fuel duty. Why is it down to business to pay for this mess?

You'll be in the minority, so in this budget you are collateral damage? No idea what business you are in but there is a chance your revenue will benefit from his moves, or rather harsher income taxes etc might have impacted negatively your revenue, if not yours directly then lots of others in your predicament.

I'm not saying it's fair but in the cold light of day it means you delaying buying "x" for a year or not doing "y", it feels bad but you are going to be ok aren't you, like I say collateral damage. Pretty sure they'll relax/reduce it down as soon as they can (pre election May 24!) to get you back on side.....

[ant1973]

Andy 308GTB said:

PeteinSQ said:

Welshbeef said:

What increase in fuel duty? He’s cancelled the planned increase.
He’s extended by a year the hospitality Vat cut 6m 5% rest of time 12%. Taxes

Income tax isn’t increased but tiers are frozen - so if you don’t get a pay rise for 5 years you’ll pay no more tax. If you do get a pay rise then you’ll lose out on inflation change to the lower threshold.

He was saying that's what they should have targeted rather than corporation tax.

Yes, he's been quoted out of context

It's been a fk business day all round!

[Alucidnation]

What the actual fking point is Kier trying to prove exactly?

[RichB]

ant1973 said:

Andy 308GTB said:

PeteinSQ said:

Welshbeef said:

What increase in fuel duty? He’s cancelled the planned increase.
He’s extended by a year the hospitality Vat cut 6m 5% rest of time 12%. Taxes

Income tax isn’t increased but tiers are frozen - so if you don’t get a pay rise for 5 years you’ll pay no more tax. If you do get a pay rise then you’ll lose out on inflation change to the lower threshold.

He was saying that's what they should have targeted rather than corporation tax.

Yes, he's been quoted out of context

It's been a fk business day all round!

I apologise for contributing to that thread however, I totally disagree that it's a bad budget for business.

[Brave Fart]

poordecisions said:

Keir Starmer adding nothing of value again.

Agreed. Bleating on about pay rises for the NHS and claiming that would "fix the foundations of our society". Vague references to inequality. Oh and of course complaining that the government isn't green enough.
And increasing sick pay? Yeah, really crucial point there, Sir Keir.
Sir Keir Starmer's main skill is in missing the bigger picture; well, that and making his party appear somewhat irrelevant.

[Scootersp]

Also I'd argue no company can really gripe too much if they've received furlough funds.........at least until the extra tax they end up paying exceeds the amount received?

[Fast and Spurious]

ant1973 said:

Yup. I am done with the Tories. 5 figure tax increase for me in 2023.

TAHMFFOL

[ant1973]

Scootersp said:

ant1973 said:

poordecisions said:

ant1973 said:

Yup. I am done with the Tories. 5 figure tax increase for me in 2023.

What is the alternative?

Increases in income tax and VAT and fuel duty. Why is it down to business to pay for this mess?

You'll be in the minority, so in this budget you are collateral damage? No idea what business you are in but there is a chance your revenue will benefit from his moves, or rather harsher income taxes etc might have impacted negatively your revenue, if not yours directly then lots of others in your predicament.

I'm not saying it's fair but in the cold light of day it means you delaying buying "x" for a year or not doing "y", it feels bad but you are going to be ok aren't you, like I say collateral damage. Pretty sure they'll relax/reduce it down as soon as they can (pre election May 24!) to get you back on side.....

It's just politics and one of those things as you say. I am absolutely fine and will be in the future. No one cares about business paying more tax. Until it affects them...

[Eric Mc]

clockworks said:

I wonder if I will now qualify?

Although I started my small business 20 years ago, 2019/20 was the first year where my income from self-employment exceeded my income from PAYE employment and early retirement pension.

I gave up my PAYE job in October 2018, and went self-employed full time.

In 2019/20, my self-employment profit was 55% of my total income, with pension income making up the remaining 45%.

So far, I've received nothing at all from the government.

I think you will be entitled to something now.