Happy Face 29 Posted December 9, 2009 Share Posted December 9, 2009 (edited) National Insurance up by a further 0.5% from April 2011 VAT will return to 17.5% on January 1 Economy to shrink by worse than expected 4.75% this year New 50% tax on banker bonuses Household boiler scrappage scheme 1p rise in corporation tax for small firms scrapped Tax rebates for electric cars and wind turbines Bingo duty falls from 22% to 20% State pension to rise by 2.5% next year More help for young unemployed http://news.bbc.co.uk/2/hi/uk_news/politics/8402769.stm Fucker Edited December 9, 2009 by Happy Face Link to comment Share on other sites More sharing options...
Renton 22447 Posted December 9, 2009 Share Posted December 9, 2009 ]National Insurance up by a further 0.5% from April 2011 Economy to shrink by worse than expected 4.75% this year New 50% tax on banker bonuses Household boiler scrappage scheme 1p rise in corporation tax for small firms scrapped Tax rebates for electric cars and wind turbines Bingo duty falls from 22% to 20% State pension to rise by 2.5% next year More help for young unemployed Link to comment Share on other sites More sharing options...
Happy Face 29 Posted December 9, 2009 Author Share Posted December 9, 2009 New 50% tax on banker bonuses Interested to hear more on this one. Gonna be levied against the company giving the bonus rather than the individual. I thought I read the banks had already started rewarding their people with 150% pay hikes instead though. Or did I dream it? Link to comment Share on other sites More sharing options...
Renton 22447 Posted December 9, 2009 Share Posted December 9, 2009 New 50% tax on banker bonuses Interested to hear more on this one. Gonna be levied against the company giving the bonus rather than the individual. I thought I read the banks had already started rewarding their people with 150% pay hikes instead though. Or did I dream it? We need a much higher top tax rate to handle that n'arl. Link to comment Share on other sites More sharing options...
NJS 4446 Posted December 9, 2009 Share Posted December 9, 2009 The bonus tax starts at 25k - only senior traders and management get more than that at our place. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted December 9, 2009 Share Posted December 9, 2009 4.75%? Fuck me. Dont believe all the EU patter about the other economies in Europe doing better, France has just posted a record budget deficit. Link to comment Share on other sites More sharing options...
Park Life 71 Posted December 9, 2009 Share Posted December 9, 2009 4.75%? Fuck me. Dont believe all the EU patter about the other economies in Europe doing better, France has just posted a record budget deficit. France has been bankrupt for about 10 years. Link to comment Share on other sites More sharing options...
Rob W 0 Posted December 10, 2009 Share Posted December 10, 2009 what is the point of making the companies pay tax on the bonus? they will only vote themeselves even bigger bonuses which will be paid for by the customers and shareholders................... Link to comment Share on other sites More sharing options...
Meenzer 15871 Posted December 10, 2009 Share Posted December 10, 2009 what is the point of making the companies pay tax on the bonus? they will only vote themeselves even bigger bonuses which will be paid for by the customers and shareholders................... Well exactly. It's a pre-election budget though, unworkable soundbite-ism is practically guaranteed. Link to comment Share on other sites More sharing options...
Matt 0 Posted December 10, 2009 Share Posted December 10, 2009 (edited) what is the point of making the companies pay tax on the bonus? they will only vote themeselves even bigger bonuses which will be paid for by the customers and shareholders................... Not necessarily. It makes paying bonuses this year very expensive and hard to justify to shareholders. Companies where employees have a clear view on pay and reward issues would most likely decide against paying large bonuses this year if it means paying away hundreds of millions of pounds in tax when they know employees will stick around. Employees who have in the past been well looked-after would have some faith and hang around until next year. So all the headlines will be of massive bonus cuts. Of course the situation will reverse out next year, but then that is a problem for the next government! For companies who fear the flight of some of their better staff of course, they have a trickier decision to make. Although if you happen to work for a ratings agency, credit insurer, leveraged equity house or hedge fund then you're home free. Edited December 10, 2009 by Matt Link to comment Share on other sites More sharing options...
Isegrim 10017 Posted December 10, 2009 Share Posted December 10, 2009 How much would a boiler be under this new scheme? Link to comment Share on other sites More sharing options...
Tom 14021 Posted December 10, 2009 Share Posted December 10, 2009 £50. Link to comment Share on other sites More sharing options...
Guest alex Posted December 10, 2009 Share Posted December 10, 2009 Too perpetual this place. Link to comment Share on other sites More sharing options...
AgentAxeman 199 Posted December 10, 2009 Share Posted December 10, 2009 £50. + £1000 labour! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now