Budget predictions ?

farmerm · Jul 8, 2020

fgc325j said:
VAT was introduced as part of the process of joining the EEC, since we are now leaving, we can adjust the vat rate without asking permission from the EU.
My understanding is that the EU coffers are filled with a %age take from each countries Vat revenue. Happy to be corrected.

We haven’t left yet so have to comply with EU on VAT rules until end of year. EU minimum 15% except for certain items that can be a lower rate

farmerm · Jul 8, 2020

This will be a give away budget to stimulate economy tax hikes to pay for it will come next year

Steevo · Jul 8, 2020

jendan said:
Send them up to Northumberland. We have had a full planning application in since last november and got nowhere very fast.They let it run to the end of the time,then ask for more information,and it goes on and on.

Ah - planning permissions for us mere mortals are still just as much hassle. It's just the big boys looking to build 2000 houses or so can do as they like due to government housing allocations etc.

Yale · Jul 8, 2020

GeorgeK said:
The government will need to go big, with a headline-grabbing, feel good bonanza to get people spending. My feeling is that people have stayed at home, seen big savings, and realised they don't miss the unnecessary consumerism we had all gotten into. They won't return to the frivolous spending our economy relies upon without big incentives

Yip,

I don’t miss my daily Costabucks large caramel coffee maciato with cream topping and sprinkles every day.

Think I’ll give it up ..........

Tarw Coch · Jul 8, 2020

farmerm said:
We haven’t left yet so have to comply with EU on VAT rules until end of year. EU minimum 15% except for certain items that can be a lower rate

I think you’ll find we have left.

Hfd Cattle · Jul 8, 2020

Put VAT up to 30% .... the general public will still spend ...we live in an 'I want I must have' society.it wont hurt business as they can reclaim it and it's the easiest way to collect taxes in off everyone . No means testing etc .
Tin Hat On !!!

flowerpot · Jul 8, 2020

DealeyPlaza1963 said:
Temporary exemption on stamp duty for property buyers on sales under £500k seems to be a firm idea- I expect in due course the current exemption on capital gains on your primary residential property will have to be changed to become a taxed income provision for the Government.

Jolly annoying if you have just moved house and had to pay a big chunk of money in Stamp Duty.

teslacoils · Jul 8, 2020

I doubt the need to stop folk just investing in their houses and into productivity will happen.

Tarw Coch · Jul 8, 2020

flowerpot said:
Jolly annoying if you have just moved house and had to pay a big chunk of money in Stamp Duty.

Could be a few recent deals falling through

Pieces_of_Eight · Jul 8, 2020

Hopefully there will be an appreciation that the economy will be fixed by increasing consumers' disposable incomes rather than by taking money directly in taxes.

Cut VAT & fuel duty (temporarily)
Cut stamp duty

Help businesses to employ/retain people and weather the storm.

There is no need to pay for Covid in 5 or even 10 years, especially if there is a no-deal Brexit round the corner.

roscoe erf · Jul 8, 2020

They are going to introduce a bull shite tax so some on here will be f**ked

Still Farming · Jul 8, 2020

Devolved Powers here thanks to Welsh Assembly so most actions will not apply allegedly???

uztrac · Jul 8, 2020

teslacoils said:
The young have naff all money. A small clutch of rich retirees have plenty. Expect a redistribution; a focus on getting investment out of Cayman Islands etc and into productive assets or infrastructure; and beyond that a proper "new deal" spendathon. A real "no looking back" job. And dualling the A15.

Whilst you are dualing can we please add the A47, PLEASE.

Hfd Cattle · Jul 8, 2020

uztrac said:
Whilst you are dualing can we please add the A47, PLEASE.

And the A49

JeepJeep · Jul 8, 2020

An excellent time to be setting up a Home Insulation company and employ under 25's

Brisel · Jul 8, 2020

Now would be a good time to kick the airline industry while they are down by setting up a structure for taxing aviation fuel instead of taxing fertiliser.

Landrover · Jul 8, 2020

Sister is a property lawyer, her phone has not stopped this morning with the stamp duty cut looming it will get the property market moving

itsalwaysme · Jul 8, 2020

Landrover said:
Sister is a property lawyer, her phone has not stopped this morning with the stamp duty cut looming it will get the property market moving

Property market doesn't seem to have stopped around here with £600k houses being sold within a week of coming on the market (well sold stc)

Still Farming · Jul 8, 2020

JeepJeep said:
An excellent time to be setting up a Home Insulation company and employ under 25's

Using worthless Wool is it to help Sheep Farmers!

Still Farming · Jul 8, 2020

Landrover said:
Sister is a property lawyer, her phone has not stopped this morning with the stamp duty cut looming it will get the property market moving

O more into long term debt?

Budget predictions ?

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

Member

0 %

Up to 25%

25-50%

50-75%

75-100%

100% I’ve had enough of farming!

Share this page