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IR36 where each contractor will have a government official assigned to their bank account to remove 95% of the income 63% of the time and then tax us 81% on the remainder whilst increasing VAT to 168% and making fags £900 per packet of 10 or £3.40 for a 20 deck
Every Saint has a past, Every Sinner a future"
Originally Posted by Pogle
I wasnt really into men at the time - IYKWIM
Those of you who will fall foul of the restriction of higher rate tax relief on pensions - be warned - legislation is being introduced imediately to stop people making substantial additional contributions, and therefore taking advantage of the higher rate relief, before the restriction comes into force.
Looks like its a 50% tax on 100K earners. Combine that with NI and there will be a drain brain. Who wants to give more money to the govt. than they get themselves?
There was some slight false optimism in the £ (gbpusd) at the start of Darling's speech, but the city soon started punishing him when he announced that tax hike.
'Orwell's 1984 was supposed to be a warning, not an instruction manual'. - Nick Pickles, director of Big Brother Watch.
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