Autumn Budget 2022

[Hagar]

Highest rate tax threshold lowered to £125,240 from £150,000.

Other tax thresholds frozen until 2028.

More tax take for the economy.

Post as you see interesting stuff. Or have points to make

 

[GizF1]

I just wonder what it would have looked like without the Truss experiement

 

[Freefaller]

Electric cars will now pay road tax.

 

[Ahleckz]

EVs to pay RFL from 2025. Surprised it’s taking so long. Also mentioned something about company car tax increasing but not hugely. Didn’t get the detail.

 

[CaptainRAVE]

Electric cars will now pay road tax.

As they should.

Tax tax tax, increasing tax, decreasing services. What a state this country is in.

 

[Freefaller]

As they should.

Agreed. It was on the cards anyway. Shame it's not kicking in till 2025.

 

[GizF1]

Why do changes to tax take so long? 18 months to change systems so that EVs pay tax

If car = electriic
Then "Pay Tax"

 

[Freefaller]

EVs to pay RFL from 2025. Surprised it’s taking so long. Also mentioned something about company car tax increasing but not hugely. Didn’t get the detail.

1% BIK - again not till 2025. Seems daft to wait that long - we need the cash now!

 

[Steedie]

Electric cars will now pay road tax.

About time, stupid that they didn't before.

 

[CapitalOne]

This is the late autumn budget rather than the early autumn one?

 

[Ahleckz]

1% BIK - again not till 2025. Seems daft to wait that long - we need the cash now!

CCT is fortunes already and only getting higher, but feel free to get in touch if you want to explore ways to lower it

 

[CapitalOne]

I have to admire Hunt's front with this one bearing in mind what happened in September

 

[Freefaller]

Highest rate tax threshold lowered to £125,240 from £150,000.

Until they tweak their earnings to go under the threshold. Those that earn that much surely have quite savvy financial capability? I mean I'm on a decent enough wage and do some salary sacrifices to maximise pension / tax elements, so it's not beyond the wit of imagination to expect those earning that much to do the same?

 

[Freefaller]

CCT is fortunes already and only getting higher, but feel free to get in touch if you want to explore ways to lower it

CCT - company car tax?

I mean it's a pretty sweet benefit to have isn't it?

 

[iamtheoneneo]

one nuclear power plant...is this a joke

 

[Ahleckz]

I have to admire Hunt's front with this one bearing in mind what happened in September

He just said they don’t borrow to fund growth… half the cabinet were in Truss’ cabinet!
Scandalous.

 

[Ahleckz]

CCT - company car tax?

I mean it's a pretty sweet benefit to have isn't it?

There are much better solutions for businesses and drivers who aren’t in EVs. But this is going very off topic.

 

[Freefaller]

Funding infrastructure is 2nd priority - thank goodness they're not stripping capital expenditure.

As someone who works in national infrasrtucture sector this is good new for me!

 

[Goodie]

He just said they don’t borrow to fund growth… half the cabinet were in Truss’ cabinet!
Scandalous.

I thought the same.

 

[CapitalOne]

When the say "double the amount of the last labout government" on capital spend, surely 12 years of inflation could account for that!