Budget predictions ?
- Thread starter Clive
- Start date
- Location
- South Wales UK
Taxed to the hilt.
What's new ,when other's want all for nothing!
What's new ,when other's want all for nothing!
Swarfmonkey
Member
- Location
- Hampshire
Temporary VAT cut.
glasshouse
Member
- Location
- lothians
Vat cut to zero
Swarfmonkey
Member
- Location
- Hampshire
Can’t see them going that far. VAT brought in a little over £130 billion last year, 20% of all HMRC receipts.
That’s a big ‘ole chunk of tax revenue.
That’s a big ‘ole chunk of tax revenue.
- Location
- southern riverina Australia
Here , there has been talk of not lifting the rate of gst (your vat). But extending it to cover everything that was previously exempt, like fresh food.
DealeyPlaza1963
Member
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.
- Location
- South Molton
Was quoted in the press of a cut to 17.5 or even 15% temporarily.
I can't see it myself as business has had a vat holiday to aid cashflow.
It will be tinkering around the edges rather than massive changes.
- Location
- Buckinghamshire
If he raises any tax in the short term it would stop any recovery i
I agree, I am expecting to have to wait a couple of years before big tax rises.
Not worrying about it this year too much in any case.
Government is stuck between a rock and a hard place through no fault of their own.
Labour on the TV wanting everything for nothing again.
- Location
- fakenham-norfolk
I fully expect an increase in fuel duty,alcohol,tobacco etc the soft targets so to speak.This will please the green lobby no end. Road fund tax increases is another option. I could go on but !!!
To be fair that is what government is there for,to make the difficult decisions for society in peacetime and war.
We are at war!
They need to just crack on and make the difficult decisions,the really difficult ones will be in a few years when UK plc credit card is maxed out.
were we not maxed out a couple of years ago after Tony and Gordon spent everything?
At about the same time Greece effectivly called in the liquidators?
Fuel taxes are a tap in at the moment. Fuel is cheap, not much has been bought or used lately comparatively and pollution levels are low which is pleasing everyone. Easy increase to push through right now.
We must be on Wonga .com now.......
- Location
- South Molton
How about a supermarket tax....but then that would be screwed out of all of us!
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.
