Shadow Leader
At the Start
- Joined
- Nov 9, 2003
- Messages
- 9,884
Erm - it's Dom, Aunty, not Kathy!!!! :lol:
Taking The Proverbial
- Thread starter Songsheet
- Start date
:shy: :shy: :shy: D'oh! I got the avatars mixed up there, didn't I? :lol: Put it down to old age, ducks. Honestly, I really AM getting to be an addled old Auntie! Hey, I'm willing to go round in the dead of night, dressed all in black, etc., etc. - in fact, I'd rather enjoy it! Just PM the address...
Shadow Leader
At the Start
- Joined
- Nov 9, 2003
- Messages
- 9,884
Oh, I'll let you off Aunty!! :lol: Will PM you the address.....
A
Ardross
Guest
:angy:
Maybe but I am taxed right left and centre whilst the Government takes several montsh to pay me for all the work I do for it .Indeed if I paid tax as slowly as they pay me I would have penalties all over the place
BrianH
At the Start
Charge interest on lae payment of invoices. They do.
But a point of which other readers who pay their income tax through PAYE may not be aware. Along with all other self-employed people you are allowed to pay your tax far more slowly than the bulk of the population.
But a point of which other readers who pay their income tax through PAYE may not be aware. Along with all other self-employed people you are allowed to pay your tax far more slowly than the bulk of the population.
A
Ardross
Guest
Ah but guess which organisation is exempt from the Interest on Commercial Debts Act - yes - the Legal Services Commission.
Honest Tom
At the Start
- Joined
- May 2, 2003
- Messages
- 1,272
Pro-gambler is the best job in the world. No tax, no NI and you don't even have to fill in a tax form.
G
Gearoid
Guest
I'm printing off this quote. What is the bounty fee for turning in a unemployment benifit cheat in the U.K these days?
Colin Phillips
At the Start
...................about the same reward as turning in a pederast!! 
G
Gearoid
Guest
That schoolgirl was resting in my bedroom
BrianH
At the Start
No pederasts on this thread - Gearoid is not into boys (unless he has quickly developed Grecian habits)
K
Kathy
Guest
As this is Tax Advice Week I thought I would give some more information about income tax if anyone wants to read it. Not all taken from The Daily Mail I hasten to add. 
There have been 80 tax hikes since Labour came to power and the annual tax take exceeds £500 bn.
Taxes are still going up sharply. Last week the OECD revealed that the tax burden jumped from 36 % to 37.2% of GDP last year (the OECD average is 36%) This represents an extra £310 for every adult in the country and means we pay more tax as a % of GDP than the Germans, Japanese and Americans. Nice years ago Britain was the bottom 3rd of the league of countries. Now we are bang in the middle.
The key to the rising tax burden now approaching its 1980's peak when the top rate of income tax was 60% was the fiscal drag. Incomes have gone up but tax bands haven't. The number of people paying the top rate of tax has risen from 2 million to 3.5 million and its on track to hit 4 million by the end of this parliament. Stamp Duty and inheritance tax have tripled and doubled respectively since Labour came to power.
According to The Times, A couple earning a joint £85,000 a year can now expect to see half it's income disappear in direct and indirect taxes according to Grant Thornton.
Corporations also "hardly need reminding" that we now live in a high-tax country" says David Smith in The Sunday Times. Banking giant HSBC are openly contemplaying moving its headquarters while the head of the Confederation of British Industry Richard Lambert, has warned that "current coportation tax rates are unsustainable" and had floated the spectre of an exodus of major firms. The corporate of tax was cut to 30% in 1997 but has remained flat since then even as competitots have cut theirs. The EU average is now 25%. When people think of Brown they think of higher taxes one former Government advisor says.
Having looked at other countries corporation tax rates, Ireland seems a great place to have a head office followed closely by Poland! B)
How our tax is raised:
Income tax = £144 billion
National Insurance = £90 Billion
VAT = £76 billion
Other, including stamp duty and inheritance tax = £22 billion
Council Tax = £22 billion
Business rates = £21 billion
Excise Duties = £40 billion
Corporation Tax = £49 billion
TOTAL : £ 516 billion
This is from The Sunday Times, I had forgotton Coporation Tax and have amended VAT but I can still only get it to add up to £464 billion yet it clearly states in the article that the total is £516 billion?. :blink:
There have been 80 tax hikes since Labour came to power and the annual tax take exceeds £500 bn.
Taxes are still going up sharply. Last week the OECD revealed that the tax burden jumped from 36 % to 37.2% of GDP last year (the OECD average is 36%) This represents an extra £310 for every adult in the country and means we pay more tax as a % of GDP than the Germans, Japanese and Americans. Nice years ago Britain was the bottom 3rd of the league of countries. Now we are bang in the middle.
The key to the rising tax burden now approaching its 1980's peak when the top rate of income tax was 60% was the fiscal drag. Incomes have gone up but tax bands haven't. The number of people paying the top rate of tax has risen from 2 million to 3.5 million and its on track to hit 4 million by the end of this parliament. Stamp Duty and inheritance tax have tripled and doubled respectively since Labour came to power.
According to The Times, A couple earning a joint £85,000 a year can now expect to see half it's income disappear in direct and indirect taxes according to Grant Thornton.
Corporations also "hardly need reminding" that we now live in a high-tax country" says David Smith in The Sunday Times. Banking giant HSBC are openly contemplaying moving its headquarters while the head of the Confederation of British Industry Richard Lambert, has warned that "current coportation tax rates are unsustainable" and had floated the spectre of an exodus of major firms. The corporate of tax was cut to 30% in 1997 but has remained flat since then even as competitots have cut theirs. The EU average is now 25%. When people think of Brown they think of higher taxes one former Government advisor says.
Having looked at other countries corporation tax rates, Ireland seems a great place to have a head office followed closely by Poland! B)
How our tax is raised:
Income tax = £144 billion
National Insurance = £90 Billion
VAT = £76 billion
Other, including stamp duty and inheritance tax = £22 billion
Council Tax = £22 billion
Business rates = £21 billion
Excise Duties = £40 billion
Corporation Tax = £49 billion
TOTAL : £ 516 billion
This is from The Sunday Times, I had forgotton Coporation Tax and have amended VAT but I can still only get it to add up to £464 billion yet it clearly states in the article that the total is £516 billion?. :blink:
K
Kathy
Guest
Bugger... thanks, Grey.... will go and check! :shy:
K
Kathy
Guest
I've amended the figures as per the article and it is still wrong... there is £52 billion missing..... 
Colin Phillips
At the Start
Have you checked your handbag?
K
Kathy
Guest
:lol:
Just as well I am not the Financial Director, that's for sure. <_<
It states at the bottom of the article "Source Treasury 2006-2007 estimates/The Sunday Times"
and these are the figures in billions:
144
90
76
49
40
21
22
22
and it says TOTAL: 516 - I make it 464 :blink:
Just as well I am not the Financial Director, that's for sure. <_<
It states at the bottom of the article "Source Treasury 2006-2007 estimates/The Sunday Times"
and these are the figures in billions:
144
90
76
49
40
21
22
22
and it says TOTAL: 516 - I make it 464 :blink:
K
Kathy
Guest
I'll check again Grey .... 
Nah, definitely not me, Murdoch's your man!
Nah, definitely not me, Murdoch's your man!
K
Kathy
Guest
That'll be it. That's what helped drop the cost of oil surely?
Customs Revenue
Here is a table from the HMRC website which includes some of your figures, Kathy. It shows the total revenue collected at central level in 2006-07 is estimated at £424 bn, to which local authority revenues should be added.
It looks as if your £464 bn total may be right. If so, it means that taxes paid in the UK come to around £7,500 per man, woman and child.
Here is a table from the HMRC website which includes some of your figures, Kathy. It shows the total revenue collected at central level in 2006-07 is estimated at £424 bn, to which local authority revenues should be added.
It looks as if your £464 bn total may be right. If so, it means that taxes paid in the UK come to around £7,500 per man, woman and child.
BrianH
At the Start
It may surprise people to know that some of the forum members are in a minority on the issue of taxation.
Table 1: Public attitudes to taxation. Should the government spend more or less on health, education and social benefits by raising or reducing taxes accordingly?
Response Percentage of respondents:-
Reduce taxes and spend less 3.3
Keep taxes and spending the same 31.4
Increase taxes and spend more 62.4
None of the above 2.1
Don't know 0.8
Not answered 0.0
Number of cases = 3435
Source: British Social Attitudes Survey 2002
Table 1: Public attitudes to taxation. Should the government spend more or less on health, education and social benefits by raising or reducing taxes accordingly?
Response Percentage of respondents:-
Reduce taxes and spend less 3.3
Keep taxes and spending the same 31.4
Increase taxes and spend more 62.4
None of the above 2.1
Don't know 0.8
Not answered 0.0
Number of cases = 3435
Source: British Social Attitudes Survey 2002