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Abolition of the 10p Tax Rate
https://www.beexcellenttoeachother.com/forum/viewtopic.php?f=3&t=416		 Page 2 of 2
Author:  sinister agent [ Fri Apr 18, 2008 21:23 ]
Post subject:  Re: Abolition of the 10p Tax Rate
Dudley wrote:
PR's biggest problem is that it will require a majority to vote it in, and it never benefits a party with a majority.

If we get it, it'll be a government, with a majority, that knows they're doomed in an imminent general election.


Aye, the only possibility (barring an uprising, which won't happen while everyone's so fat) is that some party that knows it's got no chance at the election has an attack of conscience (or, more cynically, just wants to SECURE A LEGACY OMGZZ HISTREE WILL JUJ) and manages to cram it through the box before they bow out.
Author:  BikNorton [ Sat Apr 19, 2008 0:31 ]
Post subject:  Re: Abolition of the 10p Tax Rate
ChocoboOfDoom wrote:
I understood that the tax-free personal allowance had been raised by £200 a month, thus cancelling out the abolishment of the 10% rate. Is this not the case?

Nope, while the tax-free allowance has increased £210 this year, that's inflationary - looking at listentotaxman.com it's pretty much gone up £200 a year for the last 5 years or so.
Author:  Dudley [ Sat Apr 19, 2008 9:13 ]
Post subject:  Re: Abolition of the 10p Tax Rate
Equally the 40% limit has been pretty static for a long, long time, neatly catching more and more perfectly normal blokes in its net, especially in the south.
Author:  ChocoboOfDoom [ Sat Apr 19, 2008 11:45 ]
Post subject:  Re: Abolition of the 10p Tax Rate
BikNorton wrote:
ChocoboOfDoom wrote:
I understood that the tax-free personal allowance had been raised by £200 a month, thus cancelling out the abolishment of the 10% rate. Is this not the case?

Nope, while the tax-free allowance has increased £210 this year, that's inflationary - looking at listentotaxman.com it's pretty much gone up £200 a year for the last 5 years or so.


Ah. Thanks for explaining. (Obviously I meant £200 a year, not month in my original post, natch).

Being self-employed, I can expect to earn between £18-20k a year. Am I going to be screwed, or not? It's going to be fun finding out!
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