Higher corp tax for companies that furloughed employees

[AtW]

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[ladymuck]

Another AtW special

How do you propose that gets administered without re-writing how the CT600 is filled in and processed?

[AtW]

Another AtW special

How do you propose that gets administered without re-writing how the CT600 is filled in and processed?

1. HMRC knows which companies made claims and for how much.
2. Additional corp tax rate applied until amount is fully repaid - obviously CT600 will be changed, easy to do it in comparison to paying tens of billions on short notice.

Only reason this fair tax won’t happen is because they’d want to increase tax for everybody

[SueEllen]

No they will just raise corp tax by a 1% for every company.

Increase employee national insurance and the other bands for self-employed plus increase dividend tax.

May even invent a new tax.

[northernladuk]

No they will just raise corp tax by a 1% for every company.

Increase employee national insurance and the other bands for self-employed plus increase dividend tax.

May even invent a new tax.

You got a free hand out so help pay it back tax?

[jamesbrown]

May even invent a new tax.

I think they will mainly invent a new tax because it will be easier for the Tories to sell. A search company sales tax, levied mainly on directors, with a focus on Birmingham residents.

[AtW]

I think they will mainly invent a new tax because it will be easier for the Tories to sell. A search company sales tax, levied mainly on directors, with a focus on Birmingham residents.

Fine with that if that’s the only thing they’ll do.

[jamesbrown]

Fine with that if that’s the only thing they’ll do.

You haven’t heard the rate yet...

[AtW]

No they will just raise corp tax by a 1% for every company.

Increase employee national insurance and the other bands for self-employed plus increase dividend tax.

May even invent a new tax.

1%?

They will massively increase all taxes - mostly hitting people who would not qualify for current help Govt provides, as it always happens.

Germany becoming even mote attractive now - high quality health system, taxes reasonable, on dividends just 25% flat.

[AtW]

You haven’t heard the rate yet...

Don’t care if it’s 1000% - will just move out of Bham so that you and them can shove this tax where it belongs