howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
maybe the start of plan b.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Woopee for "low and middle earners". I imagine that upping the personal allowance gives the same modest boost to all earners. Though some may here or there have some clawed back...maybe.
This too may well keep wages down or even lower them. Some employers will be quick to realise that this move on PA will raise the take-home pay and by lowering the gross pay on offer shall seek to profit?
Plan 'b' perhaps.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Tax cuts are vital to boost growth but they do need to cut the right taxes for maximum impact and to offset the tax reduction by public spending cuts to ensure a two pronged assault on that deficit.
Increasing allowances is a good move.
Incidentally, currently anyone earning over £100k loses their personal tax allowances so they will not benefit from that. This should be addressed too in due course.
The next tax to cut, which will be more than self-funding and will increase tax revenues, is the 50p tax rate - that is a political tax rate that is economically self defeating.
Finally the other priority should be business taxes - they are scheduled to fall but that should be speeded up.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
slight;y off topic but some working at hmrc are having a one day strike on deadline day the 31st january.
best to get your form in before to avoid the chance of being fined.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Past the date for tax return forms. Only on-line submission now to get it in in-time and even so if you are not registered for it you may have a problem.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
just to put people's minds at rest, people filing their returns on the 1st or 2nd february will not get fined or pay interest.
these cobbled together people have hearts of pure gold.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
howard;
you make me larf so much
the cobbled together geezers having a heart lol
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