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PostPosted: Sat Dec 27, 2003 7:45 pm 
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One-person firms face tax shock

TENS of thousands of self-employed people face soaring tax bills in 2004 after a U-turn by Gordon Brown.

The Chancellor is to close a loophole that he created in which people who work for themselves were offered lavish incentives to turn themselves into one-person limited companies.

Taxi drivers, agency doctors and driving instructors were among those who rushed to incorporate after the 2002 Budget, which abolished Corporation Tax on the first £10,000 of a firm's profits.

Those earning £30,000 could cut their tax bills from more than £8,000 to less than £4,000. But there is evidence that the tax break encourages business people to turn themselves into companies to save tax.

Brown said: 'We will bring forward proposals for action in Budget 2004 to ensure the right amount of tax is paid by owner-managers.'

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They said it would end, and it appears they (whoever they are) are right. :cry: :cry: :cry: :cry: :cry:

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PostPosted: Sun Jan 04, 2004 10:15 pm 
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Location: Miles away from paradise, not far from hell.
Did anyone really expect it to stay? :(

Alex

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PostPosted: Mon Jan 05, 2004 12:25 am 
Alex wrote:
Did anyone really expect it to stay? :(

Alex




yes it seems we did, like anything else we get strangled by loopholes used by the greedy few.

this was a chance to develop a meaningful buisness


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PostPosted: Sun Feb 01, 2004 11:12 am 
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Location: Essex, England
Who'd fancy John Prescott for PM instead of Gordon Brown?

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PostPosted: Sun Feb 01, 2004 2:33 pm 
Andy7 wrote:
Who'd fancy John Prescott for PM instead of Gordon Brown?



Michael Howard Leader of the opposition.


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PostPosted: Sun Feb 01, 2004 2:43 pm 
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Hmmmmmmmmmmmmmmmmm.

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PostPosted: Sun Feb 01, 2004 3:14 pm 
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Now if you want to get deeply into politics, then I would say if Gordon Brown does become PM, then he will be the very last non English PM of the UK.

Times are a changing. :shock:

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PostPosted: Sun Feb 01, 2004 3:55 pm 
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Er.......

Why?

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PostPosted: Sun Feb 01, 2004 6:50 pm 
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sussexman wrote: Now if you want to get deeply into politics, then I would say if Gordon Brown does become PM, then he will be the very last non English PM of the UK.
would that make tony blair the second last then S.M(check place of birth)http://www.number-10.gov.uk/output/page4.asp


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PostPosted: Sun Feb 01, 2004 7:31 pm 
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Andy7 wrote:
Er.......

Why?


Because it is finally dawning on people down here, that people up there control most of what happens up there.

Whilst down here, some have to rely on those up there, to control what happens down here.

In time more and more down here, will be saying "hang on a bit, if we have no say on what happens up there, then what right have those up there to decide on what happens down here?".

A massive issue has been the tuition fees.

Up there the MPs have said, "but some of us up here go to Uni down there, so we should have a say".

But what about those down here that go to Uni up there, where is our say?

You heard it all here first, it will end in tears. :cry: :cry:

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PostPosted: Sun Feb 01, 2004 7:36 pm 
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Thanks for clearing that up Sussex. :? :? :? :?

Alex

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PostPosted: Sun Feb 01, 2004 10:17 pm 
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Yes, the problem is that the London Parliament is effectively acting as both the UK parliament (in matters that effect the whole UK like defence) and a de facto English Parliament (in matters affecting England), so London MPs are effectively like UK Parliament members and Scottish Parliament members rolled into one as far as legislation for England is concerned.

To have proper devolution you must have devolved structures where each region has exactly the same powers so that the federal legislature will reserve exactly the same powers in relation to each region.

So we would have:

- A UK Parliament

- An English Parliament
- A Welsh Parliament
- A Scottish Parliament

The problem is that Westminster MPs are at the moment acting as the first two, hence the West Lothian question.

Dusty


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PostPosted: Sun Feb 01, 2004 11:03 pm 
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Dusty Bin wrote:
The problem is that Westminster MPs are at the moment acting as the first two, hence the West Lothian question.


Which as far as I'm aware, hasn't been addressed?

Alex

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PostPosted: Mon Feb 02, 2004 3:21 am 
Dusty Bin wrote:
Yes, the problem is that the London Parliament is effectively acting as both the UK parliament (in matters that effect the whole UK like defence) and a de facto English Parliament (in matters affecting England), so London MPs are effectively like UK Parliament members and Scottish Parliament members rolled into one as far as legislation for England is concerned.

To have proper devolution you must have devolved structures where each region has exactly the same powers so that the federal legislature will reserve exactly the same powers in relation to each region.

So we would have:

- A UK Parliament

- An English Parliament
- A Welsh Parliament
- A Scottish Parliament

The problem is that Westminster MPs are at the moment acting as the first two, hence the West Lothian question.

Dusty


you dont even begin to understand the west lothian question.
in case youve missed it binnie there are proposals for the regions
and the scots and welsh are merely regions, even if the later is smaller than greater manchester.

give wesh equal status to Scotland? jesus just read the post from Wrexham
sums it up nicely.


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 Post subject: Sussex
PostPosted: Tue Feb 03, 2004 5:10 pm 
Bit of Racism for your rich Scottish cousins.


Have a nice day Uncle Suss


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