Budget prediction 2020

[shakerator]

What will be targeted ?

 

[capfits]

Bet you he does not bring in a long overdue wealth tax.

 

[Clive]

And I was hoping for a cut in corporation tax and higher rate income tax to open the doors on “ tax haven Britian“ as warning shot in Brexit negotiations

I don‘t think there will be much news or change now, I bet the budget got re written this weekend due to covid 19 / impending global economic meltdown

 

[Clive]

Bet you he does not bring in a long overdue wealth tax.

why overdue ? Do you really think you are better off sending all the wealth abroad ?

we need the opposite, a tax system that attracts the wealthy and big businesses here in big numbers , do that and we all benefit rich or poor

 

[br jones]

And I was hoping for a cut in corporation tax and higher rate income tax to open the doors on “ tax haven Britian“ as warning shot in Brexit negotiations

I don‘t think there will be much news or change now, I bet the budget got re written this weekend due to covid 19 / impending global economic meltdown

Not until january

 

[spin cycle]

i think general fuel duty will rise as oil prices have crashed......red diesal scrapped with farmers able to claim back.....iht relief for farmland phased out

 

[nick...]

Hopefully they will be more concerned about corona virus
Nick...

 

[Lincs Lass]

Hopefully cigarettes will go up ,increase personal tax allowance maybe .

 

[betweenthelines]

I think there will be a surprise new tax.

I'm thinking something that targets tax avoiding social media or mobile phone companies.

 

[cider_eater]

I read the other day of scrapping Red diesel
white diesel in to a 300 hp tractor the crop
should rise

 

[nick...]

Hopefully they will be more concerned about corona virus
Nick...

 

[cider_eater]

Any Tax on toilet paper?

 

[spin cycle]

Hopefully they will be more concerned about corona virus
Nick...

waffling on about corona virus gives him a perfect smokescreen to hide unpalatable tax rises

 

[spin cycle]

Any Tax on toilet paper?

wouldn't have thought he'd tax the 'agriculture bill'

 

[midlandslad]

Agricultural property relief has been identified as a loophole. They will look to tighten this up so only genuine farmers qualify. Would this be so bad for genuine farmers?

 

[neilo]

Any Tax on toilet paper?

I hope so. Been getting ahead of him all week.?

 

[Swarfmonkey]

It'll be a mixed bag. I fully expect Entrepreneur's Relief to be removed. Taxes like Climate Change Levy, ATED, AgLev and Landfill Tax will go up, as will Betting & Gaming tax. I won't be surprised if the Soft Drinks Industry Levy is increased as well.

If there's going to be one big headline tax change, I suspect that it'll be the way Business Rates are levied. Most likely swapping from VOA valuations to being based on the actual rent paid. SBRR needs to be dealt with as well as it's swollen to £4bn a year.

A wealth tax would be a major vote loser for the Tories, so I don't expect to see one. It would hit owner-occupiers (who still make up the majority), plus small business owners and those with a personal pension. That's a lot of voters they won't want to pi$$ off.

 

[DeeGee]

I hope so. Been getting ahead of him all week.?

Should last you a couple of years Neilo, on the other hand just put it on e bay, sit back, relax and count the money.

 

[Kidds]

There’s going to be an increase in taxes on fossil fuels of all types and markets as a first step towards phasing them out.
Don’t forget who Boris has at home bending his ear.

 

[Yale]

Might need a tax on condoms,get the world population back up to speed. ??