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  1. #1

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    Fecks sake - it's like National Insurance #3 - by 2019 the combined rate will be 7% within 2 years.

    So, combined tax take will now be:

    45% (income tax) + 2% (employee NIC) + 13.8% (employer NIC) + 3%+4% (new NICs) = 68%!

    And that does not factor in loss of tax free allowance.

  2. #2

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    Quote Originally Posted by AtW View Post
    Fecks sake - it's like National Insurance #3 - by 2019 the combined rate will be 7% within 2 years.

    So, combined tax take will now be:

    45% (income tax) + 2% (employee NIC) + 13.8% (employer NIC) + 3%+4% (new NICs) = 68%!

    And that does not factor in loss of tax free allowance.
    Jeez, where do we start? Almost every figure you quote is wrong or massively exaggerated (e.g. the 45% rate doesn't kick in until you earn (or declare ) over £150k.)
    Go to https://listentotaxman.com/
    and put your numbers in.
    His heart is in the right place - shame we can't say the same about his brain...

  3. #3

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    Quote Originally Posted by Mordac View Post
    Almost every figure you quote is wrong or massively exaggerated
    Go setup a test network, MF needs a new one

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    we have to pay for all these immigrants coming over here and scaring our squirrels.

    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  5. #5

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    Quote Originally Posted by vetran View Post
    we have to pay for all these immigrants coming over here and scaring our squirrels.

  6. #6

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    Quote Originally Posted by AtW View Post
    Go setup a test network, MF needs a new one
    If MF did need a test network, trust me, I'd be the very last person on the planet he'd be contacting...
    His heart is in the right place - shame we can't say the same about his brain...

  7. #7

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    Quote Originally Posted by Mordac View Post
    If MF did need a test network, trust me, I'd be the very last person on the planet he'd be contacting...
    yeah he wants it to work
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  8. #8

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    Quote Originally Posted by vetran View Post
    yeah he wants it to work
    I'll line 'em up, you get the tap in son
    His heart is in the right place - shame we can't say the same about his brain...

  9. #9

    Richer than sasguru

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    Quote Originally Posted by AtW View Post
    Fecks sake - it's like National Insurance #3 - by 2019 the combined rate will be 7% within 2 years.

    So, combined tax take will now be:

    45% (income tax) + 2% (employee NIC) + 13.8% (employer NIC) + 3%+4% (new NICs) = 68%!

    And that does not factor in loss of tax free allowance.
    You are free to leave whenever you wish. Your business could be operated from almost anywhere in the World, choosing Brum in post Brexit Tory Britain seems like a bad idea.

    Cyprus is geared up for offshore low(ish) tax take, and has a very strong Russian presence too.
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  10. #10

    I live on CUK

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    Quote Originally Posted by AtW View Post
    Fecks sake - it's like National Insurance #3 - by 2019 the combined rate will be 7% within 2 years.

    So, combined tax take will now be:

    45% (income tax) + 2% (employee NIC) + 13.8% (employer NIC) + 3%+4% (new NICs) = 68%!

    And that does not factor in loss of tax free allowance.
    In the olden days employers took their responsibilities to their employees seriously and as a result had a workforce they could rely on for their working lives.

    If you don't want your employees to stick around then either put them all on zero hours contracts, make them self-employed or bugger off to another country.
    "You’re just a bad memory who doesn’t know when to go away" JR

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