VAT is an efficient tax in that it is in a business' interest to become VAT registered in almost all cases (so that you can reclaim/only pay the difference between what you've paid and what you've taken in VAT). This is why you'll find a lot of businesses voluntarily become VAT registered well before they reach the turnover threshold.
VAT is going up to 20% say government
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VAT is an efficient tax in that it is in a business' interest to become VAT registered in almost all cases (so that you can reclaim/only pay the difference between what you've paid and what you've taken in VAT). This is why you'll find a lot of businesses voluntarily become VAT registered well before they reach the turnover threshold.
Note the difference between the words "county" and "district".
Actually, the single biggest proportion of council tax goes on public sector pensions (circa 25%) due to the fact they are run massively irresponsibly and unsustainably.
Hopefully sorting out the mess that is unfunded state pensions, at least for the future (we can't backdate any changes and I would never support any suggestion to do that), will be something the government does ASAP.
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lots of moans about Brown selling off the gold - all he had left to sell off after the Conservatives sold off everything else. Some of you have absolutely no idea whatsoever other than to blame Labour for everything 
how much would all our utilities be worth to sell off now inc all buses, trains, airports, gas, electric, water, GPO telephone etc. etc.etc. all sold off to oversees buyers just like Browns gold
Anyone hazard a guess at their current value ? more than 9 billion ? probably wipe out the national dept three times over
how much would all our utilities be worth to sell off now inc all buses, trains, airports, gas, electric, water, GPO telephone etc. etc.etc. all sold off to oversees buyers just like Browns gold
Anyone hazard a guess at their current value ? more than 9 billion ? probably wipe out the national dept three times over
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The size of our state was unsustainable and was holding back the country.
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To wipe out the national dept[sic] three times over, you'd need roughly £3-6trillion. To put that into perspective, £1tn is the turnover of the whole FTSE100 (just £73.2bn profit). Don't be so obtuse.lots of moans about Brown selling off the gold - all he had left to sell off after the Conservatives sold off everything else. Some of you have absolutely no idea whatsoever other than to blame Labour for everything
how much would all our utilities be worth to sell off now inc all buses, trains, airports, gas, electric, water, GPO telephone etc. etc.etc. all sold off to oversees buyers just like Browns gold
Anyone hazard a guess at their current value ? more than 9 billion ? probably wipe out the national dept three times over
It isn't necessarily that he sold the gold cheap (although it is), it's also how he did it. The Bank of England and The Treasury objected, the timing was disastrous and Brown announced it to the world pushing prices even lower. This is from the "best Chancellor" ever... get it yet?
You also might do well to read about Thatcherism and privatisation . Or you can just sit there blaming Tory's (pot kettle).
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Unlike you, who blames the state of play today on something the Tories did over TWENTY. YEARS. AGO.lots of moans about Brown selling off the gold - all he had left to sell off after the Conservatives sold off everything else. Some of you have absolutely no idea whatsoever other than to blame Labour for everything
how much would all our utilities be worth to sell off now inc all buses, trains, airports, gas, electric, water, GPO telephone etc. etc.etc. all sold off to oversees buyers just like Browns gold
Anyone hazard a guess at their current value ? more than 9 billion ? probably wipe out the national dept three times over
Get over it. Labour have been mismanaging finances for THIRTEEN years. Not even Thatcher's Tories managed that.
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It would be more accurate to say that Government has been mismanaging finances for as long as it's existed.
Perhaps it's time for something new?
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Cash in hand / payment in goods defeats income tax.
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Ever increasing? Do you have any figures on this? Your friend sending a few bits and pieces from the USA doesn't count.
All companies have to register for VAT that turnover more than ~£70k per year in any case, so the only people evading VAT are either very small time, or are evading *all* taxes.
Depends if workers feel income tax is fair, one thing is for sure though salaried workers pay the correct amount of tax, whereas everyone can avoid paying vat.
http://www.ifs.org.uk/bns/bn09.pdf
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The vast majority of it go to our county council (not sure what they do with it yet), but in fact our local (town/borough) council get about a 5th of it, followed closely behind by the police...
I also know that in the last few years our council (local and county) haven't increased their portions of council tax, the police have every year.
Actually another interesting point, although most of the money gathered by the council went on housing almost the same amount came in from housing rent, only 5% came in from council tax.
Don't need to read about it mate, We're all still living with the consequences,
The Tories don't like anything to be done by the state when it can be done by private enterprise where profit comes before customer service.
They virtually abolished social housing under Mrs Thatcher, they privatised the railways, gas and electricity and countless other services and they were on the way to privatising the Health Service. They will be no different this time round given half a chance, they are simply hiding their intentions at the moment.
Just look at how well private enterprise runs the banking sector.
If this were true then there would be no examples of genuinely good private enterprises operating businesses that offer excellent customer services. It's patently not true. Just because some businesses are run badly with regards to customer service doesn't mean all are. By the same token, just because some state funded institutions are badly run or mismanaged doesn't mean that they all are either.
What we do see, is that in a free or well regulated market the consumer wins by not only having more choice, but they also in many cases end up with a better product for the same price than they'd otherwise pay. The key issue here is that the market has to be free and/or as well regulated as possible (not just regulation for regulation's sake); otherwise you do end up with a mess like parts of the US healthcare system.
The least regulated part of the banking industry at the moment (private equity, hedge funds, etc) are some of the best run out of any financial institutions. The worst examples of irresponsibility is where it has been sanctioned by regulation to act in that way, or otherwise encouraged by the regulations. (E.g. the duopoly on credit ratings)
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