Originally posted by SallyAnne
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Budget 2009 - What does it mean for contractors?
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Looks like the attack on Income Shifting is still on ice!
At the 2008 Pre-Budget Report action on income shifting was deferred and, consequently, no legislation will be brought forward in the Finance Bill. The Government will keep this issue under review.Comment
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What is Capital Allowance?
It says "Business's Capital Alowance rate doubled to 40%".The pope is a tard.Comment
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Looks like a big fat nothing in the budget for us contractors. Which has to be seen as good newsCats are evil.Comment
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Originally posted by SallyAnne View PostWhat is Capital Allowance?
It says "Business's Capital Alowance rate doubled to 40%".
As a small company you will already have 100% allowances (upto £50K per annum), so it will not directly benefit you.
AlanComment
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Originally posted by swamp View PostLooks like a big fat nothing in the budget for us contractors. Which has to be seen as good newsComment
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Originally posted by LisaContractorUmbrella View PostAgreed - have read as much as it is possible to read of the full report without needing frontal lobe surgery and it seems that contractors are being ignored this time........other than the tax increases obviously
That BJ I gave Alistair Darling must have been worth it then
You're all welcome!!
The pope is a tard.Comment
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I'm no economist but it seems to me that this government needs some common sense. If you tax people 50% of their income plus NI they will earn less than the Government get in taxes. Who would accept a job at those terms? And thats not the only common sense lacking.
£2000 to scrap your car - ok but to buy a Car you need a Job and don't tell me your going to re-train us because this recession has hit those over 25 and in professional jobs.
If you really want to help the economy why don't you start be stopping all this cheap and rubbish Outsourcing going on as well as allowing cheaper labour in to our country, it is this that is killing employment levels, not just some dodgy bankers who failed GCSE Maths.
I have nothing against foreign workers but they should be paid the same as us however they should pay more NI because they need to make back payments for their use of the NHS etc...
Same for the unemployed when you return to work you have to pay a small amount more on your NI for however long you were off work as back payment for your benefits so its more of a loan.
I would also stop all expenses for MP's Full Stop, you wanted the job so live with the salary like the rest of us have to (well sort of !)
Ok Rant over!Comment
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Originally posted by eliquant View PostI love you Sally AnneComment
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