I heard recently that the British Treasury rakes in just under a million pounds per minute. Can anyone confirm this? Also, exactly which taxes are the source for this? I'm guessing the following:
income tax national insurance and pension contributions VAT capital gains tax corporation tax stamp duty inheritance tax
But what about the following: customs and excise road tax land value tax?
What about at the local level? There's council tax, but are there any other local taxes (eg taxes on water or energy)?
Do Scotland, Wales and Northern Island have additional taxes? Isn't there a local income tax in Scotland?
Thanks in advance to anyone who can supply an answer to any of these questions
A few short weeks ago, I tried very hard to discover what the personal allowances for 2006/2007 might be, based upon the assumption that they may have been announced in the interim budget. Goodging, etc, came up with not a clue, so I assumed that it must be announced in the budget - though Mr Brown seemd to saggest that that they would not be revised at all, as he didn't mention the subject.
Today, I did find a site which gave a figure for the standard allowance. Where this come from, it did not say. Howevere, being an OAP, that is not the allowance in which I am mainly interested. Is anyone able to point me at a (reasonably) comprehensive list of 06/07 allowances?
I'd be ever so grateful. Every pound matters to me .
They were. The hm-treasury site always publishes these details just after the budget/pbr's. Personal allowances, NI rates and benefits/tax credits rates are usually announced in the pbr in Nov/Dec for the following tax year, tax bands etc are announced in the main budget.
1) Those who are rich enough to not have to pay any/much taxes eg HM Queen and those who have smart accountants and can tax plan
2) The proletariat- i.e the majority who labour most of their lives under the illusion that they are "getting ahead" when in reality, they are practically working for nothing and paying most of it back into the system in the form of direct,indirect and stealth taxes.
3) The parasitic underclass-these are one of the growing tribes of Britain who have every excuse for not working and live lives unfettered by labour and yet can often lead more financially and personally rewarding lives than those in group 2. They have quality time with their ever growing families, money arrives in their bank account as if by magic, they can often have better equipped homes than those in group 2 and when they are old they are still looked after free of charge whilst those in group 2 have to continue to exist in a state of penury on their meagre pensions (assuming it hasnt been stolen off them by those in group 1)and when they finally cant look after themselves, their hard earned homes are sold by the state so that they can sit in a wing backed chair all day looking out the window at passing traffic,being fed on cheap food with the faint whiff of urine and faeces wafting around them,in a home run by one of those from group 1.
There you have it then, a little snapshot of modern Britain today. Which group are you in?. It seems that groups 1 and 2 are prefereable. Failing that, leave the country. At least you will be in with a chance of dying in some foreign place with the last rays of warmth of the sun on your skin before you slip into eternal sleep.
I see plenty who do and plenty who are doing well out of it. I'm not just talking heresay here. I work with all levels of the general public and have done for 25 years so i reckon i have a fair view of what really goes on in Britain.
NI rates and benefit rates are set in the PBR in Nov/Dec every year, as they need to be announced well in advance. The govt have linked the personal allowance to the NI primary threshold, so the personal allowances now also need to be decided in Nov/Dec. The bands etc can wait till the main budget.
Pretty much. And the achievements of NuLab have been to significantly reduce the income gap between groups 2 and 3, while leaving group 1 practically untouched.
If you're single and own your home with a 100% mortgage, then you'll probably struggle on benefits. If you've got a family and live in rented accomodation then you can live very comfortably on benefits. If you've got a disability which doesn't actually increase your cost of living (or not much), then the disability benefits/premiums are simply extra spending cash.
Some people still live under the illusion that benefits provide the bare minimum needed to live on. These people are inavriably clueless about benefit rates/rules when challenged.
Why can't anybody explain to me why if you are on benefits you don't get your mortgage paid by the state but if you have a buy to let mortgage with somebody on benefits as a tenent then you do get your mortgage paid by the state.
It's one of the anomolies of the benefits system - rent subsidy is far more generous than mortgage subsidy.
I want someone to explain to me why having a stranger look after your kids is a good thing which should be subsidised through the tax and tax credits systems, but a parent looking after their own kids is something evil which should be penalised. But nobody has yet.
I will. Its becuase there is a strong female pressure group which has constantly campaigned and barracked government to provide child care. This country runs on pressure groups and nothing else. Look at the NHS. All we see is wimmin campaigning for treatments/tests/drugs/fertility rights and nothing is heard from men. For every woman who lives as a result of treatments brought about by pressure groups,i have no doubt that 2 or more men die becuase they are the silent minority.
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