Maybe it is but but it means your percentage of households is a little off. It also excludes BTL mortgages which could have a significant impact on renters if their landlord's have to pay more.
2022 mini-budget discussion
- Thread starter Harlequin
- Start date
- Status
We know the number it impacts is 1.8 million so work from that. Roughly 30 million households in the UK.
Last edited:
No better time to be alive if you are a young engineer.
There's a mail shot that went out last week for senior cloud engineers to go to the USA, $225k-300k cash compensation and relocation to Miami, FL.
With the dollar so strong that's 300k GBP a year. If I were in my late 20s/30s again I would be gone like a shot.
If only it was just in here, and not also in the markets and every economist in the world apart for a couple of Tory loons.
Deleted User 298457
Deleted User 298457
The only downside is you have 50 boomer managers who don't understand a thing trying to prioritise your time lol.
TBF doom sells papers. Seeing news in Europe after my recent travels and also being very exposed to Asia they are all in a doom cycle over everything.
Unfortunately, that's every job.
You mean just like Singapore? Its fine if you are one of the multi millionaires. Not so good if you are just one of the workers living on low pay in a state own flat with 12 people in a roomAt this rate all the "irregular migrants" will be wanting their rubber dinghies back and setting off to return to France(Totally off topic but what the hell happens to these rubber dinghies and outboard motors, Dover and Lampedusa must the secondhand rubber dinghy capitals of the world?).
On a more serious note I do wonder if the long term aim is to make England a tax haven, I asked this before and got no opinion, but I know it's been mooted as a goal of some elements of the Conservative party. Is such a goal necessarily bad, should it prove to be the case?
Singapore Grapples With Keeping the Rich Happy — and Taxing Them Too
Growing fears about inequality are pushing the government to reconsider its policies.
www.bloomberg.com
But that is exactly what some of the current Tory Govt want to turn the UK into.
Personally I quite like Harold from the Halifax's "statement/budget".
More money in my pocket, less tax, abolition of the ludicrous Off Payroll / IR35 reforms, means I have more cash to spend in the economy (or I could really screw the UK over and invest abroad)
More money in my pocket, less tax, abolition of the ludicrous Off Payroll / IR35 reforms, means I have more cash to spend in the economy (or I could really screw the UK over and invest abroad)
Permabanned
- Joined
- 28 Nov 2003
- Posts
- 10,695
- Location
- Shropshire
So there are no middle income residents, only multi millionaires and workers jammed 12 to a room? You exaggerate, surely?You mean just like Singapore? Its fine if you are one of the multi millionaires. Not so good if you are just one of the workers living on low pay in a state own flat with 12 people in a room
Singapore Grapples With Keeping the Rich Happy — and Taxing Them Too
Growing fears about inequality are pushing the government to reconsider its policies.
But that is exactly what some of the current Tory Govt want to turn the UK into.
TBF the amount of investing on non-UK things is extremely high already. Equities, crypto, currencies etc.Personally I quite like Harold from the Halifax's "statement/budget".
More money in my pocket, less tax, abolition of the ludicrous Off Payroll / IR35 reforms, means I have more cash to spend in the economy (or I could really screw the UK over and invest abroad)
*looks around office*
All our directors are Gen X, only our CEO is a boomer.
All 'heads of' are Millennials. Lucky I guess!
Personally I quite like Harold from the Halifax's "statement/budget".
More money in my pocket, less tax, abolition of the ludicrous Off Payroll / IR35 reforms, means I have more cash to spend in the economy (or I could really screw the UK over and invest abroad)
IR35 still exists and is a risk.
Deleted User 298457
Deleted User 298457
It is being scrapped though right?
No, 2017 and later amendments are which move assessment to the contracting client.
It's getting out of hand the perception that IR35 is being scrapped entirely. Maybe there should be a bot that auto replies whenever IR35 is mentioned!
“The existing rules, the Intermediaries Legislation, have been in place since April 2000 and from April 2023 will still apply. From April 2023, contractors who work via limited companies are responsible for assessing their own status, and the tax liability sits with them.”
However, Chaplin warned there was a much bigger threat than HM Revenue & Customs’ likely restart to enforcing IR35 again (having paused since April 2017): the Managed Service Company Legislation (MSC), which has recently affected 2,000 contractors. “Under this legislation, HMRC can chase contractors personally for more tax, irrespective of the IR35 status of their engagement. Contractors will need to ensure they are not involved with an MSC provider,” Chaplin said.
However, Chaplin warned there was a much bigger threat than HM Revenue & Customs’ likely restart to enforcing IR35 again (having paused since April 2017): the Managed Service Company Legislation (MSC), which has recently affected 2,000 contractors. “Under this legislation, HMRC can chase contractors personally for more tax, irrespective of the IR35 status of their engagement. Contractors will need to ensure they are not involved with an MSC provider,” Chaplin said.
Feel free to tell that to all the people going through the tribunals under the old rules! HMRC will still enforce the rules, they just won't be able to rely on the "contractors" doing most of the work for them.
Edit: I used "contractors" as I've been in a training conference all morning and can't engage my brain to think of a better word!
Last edited:
- Status