Budget 2021: Five things to look out for from Rishi Sunak
02/03/2021 | news | business | 648
Tax rises and an extension of Covid support are both tipped to be announced in this week’s Budget.
1
02/03/2021 10:13:47 147 25
bbc
If there is no increase in taxes for the multimillionaires then we have to ask why they keep being protected here? Even the USA is planning a 3% tax rise on those who have over 50 million to help fund social programs and the COVID recovery plan.

Is this more Cronyism in action?
50
02/03/2021 10:39:41 62 12
bbc
yes,yes it is.
92
02/03/2021 11:09:11 7 20
bbc
Renegotiate the berxit ‘deal’ with the EU to include membership of the CU and SM, and watch our fortunes improve.
109
02/03/2021 11:15:50 7 3
bbc
They’ll just print the money, the government doesn’t need to pay the BoE back in the literal sense (contrary to what people think). The only slight issue is hyperinflation as a result.
168
02/03/2021 11:44:04 6 14
bbc
Multimillionaires already pay huge amounts of tax.
173
02/03/2021 11:46:00 6 13
bbc
The only fair rate of tax is the same rate for everyone
271
VoR
02/03/2021 12:39:08 1 0
bbc
Some of it is because the wealthy (as a group) have more negotiating power because they can more easily relocate abroad, leaving the treasury with nothing. Limited increases are generally tolerated, but extreme ones tend not to be.
424
02/03/2021 15:35:29 0 2
bbc
People earning over £1 million pounds already pay 45% tax. What would be enough for you?
492
02/03/2021 19:40:21 2 0
bbc
They never plan to raise income tax. The Tories favourite taxes are indirect taxes. Do not expect them to tax their paymasters"
2
02/03/2021 10:19:41 120 34
bbc
Making people pay more income tax when they have worked all the way through this is morally wrong,I for one will not be happy as I've had nowt off the government during the pandemic
8
02/03/2021 10:25:15 78 68
bbc
I agree. I think recipients of furlough support should have to pay an additional income tax, maybe only 2% for example until they have paid off their furlough support. Also a tax on wealth would be good.
10
02/03/2021 10:25:50 25 24
bbc
in other words you are fortunate enough to be in an less affected industry.

Many people far more talented and hard working have are not so lucky but you try and sound like you're the one that will be suffering.

Take a look at yourself!!
121
02/03/2021 11:20:36 3 2
bbc
I'm not sure what your job is but in all likliehood much of the businesses income came from furlough money. Unless of course you work for or the business has contracts with the government.
124
02/03/2021 11:22:20 4 0
bbc
Same here. And I'll then just take a lower paid job, to pay less tax but at least work nearer home, and drive there. I'm not going back to wasting my £ commuting
233
02/03/2021 12:21:56 4 0
bbc
And I don't have any children so all the people receiving Child benefit should give it back eh? Ignorance is bliss and so is selfishness.
250
02/03/2021 12:30:06 0 0
bbc
Just be grateful you've managed to keep your job. Many others have lost the lot, through no fault of their own.
450
02/03/2021 17:07:38 0 0
bbc
Agree.
Tax Supermarkets who have made a killing from this farce.
555
02/03/2021 22:12:25 0 0
bbc
making people pay more who have worked through all of this clearly excludes the millionaires and billionaires as they never worked a day in their lives unless it was taking credit for others work
3
02/03/2021 10:21:01 32 19
bbc
Look out for world beating claims, debts being piled up never to be repaid and a few sweeteners for core Tory voters and donors.
4
02/03/2021 10:21:37 15 7
bbc
I donmt care, just bring back the 95% mortgages for all properties, not just new build, so I can stop paying someone else’s house!
137
02/03/2021 11:29:06 8 2
bbc
There’s a reason banks stopped offering insanely high LTV’s - because they know people won’t be paying back their loans
5
02/03/2021 10:22:07 4 17
bbc
Its nobody's fault this pandemic, it's here and here to stay, and I hoped the chancellor would just add 5% extra to those who are in the highest bracket, and raise tobacco and alcohol by 25p.
He knows t will take along while to straighten things out, and I would like to thank the Government for all the help, like furlough, that enabled the country to go on, other countries just had to suffer.
66
02/03/2021 10:56:04 5 2
bbc
We have had the worst economic hit for one simple reason: the pandemic was very badly managed. They are not separate entities, one thing leads to another.
Plus, of course the billions thrown at MP' chums for disastrous Test and Trace, PPE not fit for purpose, etc.
Does this sound familiar?
Millions of pounds spent on a ferry company that had no ferries, anyone?
6
02/03/2021 10:22:46 19 14
bbc
This chancellor has completely lost the plot.

How much money has been wasted propping up non-viable businesses? He's spending like a drunk navy and sending the bill to our children and grandchildren.
33
02/03/2021 10:38:35 11 7
bbc
Well there’s a generation that sold the assets, closed the manufacturing, gave themselves great pensions and voted Brexit, that’s ironic
126
02/03/2021 11:22:58 3 0
bbc
Navvie
138
02/03/2021 11:30:02 0 0
bbc
We’ll be paying it, not our grandchildren
7
02/03/2021 10:23:39 24 6
bbc
I set up a new business just over 3yrs ago. I used a New Co because (1) it offers legal protection (2) it is good for product development and (3) I could keep earnings in the business and re-invest. 2019/20 was a milestone year with £100k+ profits and plans for offices and staff. 2020/21 has been a disaster.

We are not all personal service companies or tax shams to avoid payroll or NIC!
11
02/03/2021 10:25:53 37 23
bbc
You forgot to donate to the Tory Party. That's the problem.
53
Jim
02/03/2021 10:48:16 11 3
bbc
No, but presumably you paid yourself via dividends rather than payroll, perfectly legal, but means less tax paid = less support from the government. I did the same, not great but I understand why they did it.
572
02/03/2021 23:14:24 0 0
bbc
£100k company profit is quite different to a person earning £100k wage
2
02/03/2021 10:19:41 120 34
bbc
Making people pay more income tax when they have worked all the way through this is morally wrong,I for one will not be happy as I've had nowt off the government during the pandemic
8
02/03/2021 10:25:15 78 68
bbc
I agree. I think recipients of furlough support should have to pay an additional income tax, maybe only 2% for example until they have paid off their furlough support. Also a tax on wealth would be good.
24
02/03/2021 10:33:53 24 29
bbc
Why? The workers locked down to protect the old, it was not their choice. The old should now be paying the additional tax - take a percentage of their savings, pensions, property to cover the furlough scheme cost!!
For info, I've worked throughout, no furlough.
65
Jim
02/03/2021 10:55:57 23 0
bbc
Or, and hear me out, we could raise corporation taxes a bit as furlough meant companies didn't need to spend a fortune firing and rehiring their entire staff, rather than taxing people.who effectively had to take a 20% paycut through no fault of their own
96
02/03/2021 11:10:01 14 1
bbc
Income tax is charged on individuals, those same individuals who were put on furlough by employers with whom that decision rested and not individuals.
140
02/03/2021 11:31:24 8 5
bbc
No because I didn't ask to be furloughed. I knew it was only a pre-redundancy limbo scheme. My job could of been done from home(i already did 1 day a week from home but my ex employer was too busy saving themselves, bunged as many of us as poss on furlough. Plus I've always worked, paid taxes and not claimed any benefits, so I deserved some help, while this science project was rolled out on us!
160
02/03/2021 11:42:00 3 0
bbc
Tax on wealth = tax on saving and deferring gratification.
193
02/03/2021 11:55:16 2 1
bbc
I have not been furloughed but my understanding is that salaries were capped for some and min 20% reduced, yet still subject to normal tax at appropriate bands. people make this sound like a choice but I'm sure that most on it would have welcomed the chance to work, but were told they can't. It's the businesses that have benefitted that should pay, not Joe public.
412
02/03/2021 15:10:28 0 1
bbc
You do know it is the business that gains from furlough, the payee just keeps their job and gets some of their salary.
Businesses are who benefitted most so it is them who should pay back most.
528
02/03/2021 21:04:43 0 0
bbc
Yep typical UK citizen - me and myself. I have worked all the way through also, and consider myself fortunate. A civilised society would support one another.
9
02/03/2021 10:25:25 48 16
bbc
I expect a lot of little 'fiddles' that look good on paper while the profligate administration unloads more tax-payer's hard-earned to their 'mates', perhaps for another Test-Track-Trace system that STILL couldn't find the needle in a sewing kit. One thing is for sure, the wealthy will see their wealth increase and while the rest of us great unwashed pay down the debts for decades to come.
176
02/03/2021 11:47:08 28 23
bbc
Quite.

The financial consequences of Covid will be dwarfed, in time, by those of Brexit - which will further separate the "haves" from the "have nots" - all in accordance with Conservative party doctrine.
2
02/03/2021 10:19:41 120 34
bbc
Making people pay more income tax when they have worked all the way through this is morally wrong,I for one will not be happy as I've had nowt off the government during the pandemic
10
02/03/2021 10:25:50 25 24
bbc
in other words you are fortunate enough to be in an less affected industry.

Many people far more talented and hard working have are not so lucky but you try and sound like you're the one that will be suffering.

Take a look at yourself!!
422
02/03/2021 15:31:28 2 0
bbc
I think maybe a look at yourself is in order. Your insinuation that those who have worked throughout are more fortunate and less talented as well as less hard working is disgusting. Tell that to all the postal workers, the shop workers, the carers as well as the nurses and doctors. Take a good long look at yourself. They kept us going and often are paid a pittance....shame on you.
621
03/03/2021 10:35:35 0 0
bbc
"fortunate enough to be in an less affected industry" ?
or...

Got a nice cosy occupation self employed earning lots of cash in hand, instead of a steady lower paid job working for a company on PAYE!
7
02/03/2021 10:23:39 24 6
bbc
I set up a new business just over 3yrs ago. I used a New Co because (1) it offers legal protection (2) it is good for product development and (3) I could keep earnings in the business and re-invest. 2019/20 was a milestone year with £100k+ profits and plans for offices and staff. 2020/21 has been a disaster.

We are not all personal service companies or tax shams to avoid payroll or NIC!
11
02/03/2021 10:25:53 37 23
bbc
You forgot to donate to the Tory Party. That's the problem.
12
02/03/2021 10:26:20 42 13
bbc
We all knew the tax rises would come eventually - and they need to. The covid bill needs to be paid and I don't mind if I am a few pounds worse off each week. Its plain stupid to think we can get away without chipping in to the debt.
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
429
02/03/2021 15:58:22 2 0
bbc
If anyone should be chipping into the worlds covid bill, it should be China, as no one requested Covid yet somehow we're expected to foot the bill for it....
13
02/03/2021 10:27:24 42 12
bbc
More taxation for earning over £150K
Tax Amazon, Goggle etc to the full hilt. Get the High St working/opening.
Cut VAT for block refurbs, single/double extensions up to £100K, new kitchens installed, bathrooms upgraded, reduce to 12.5%. Small companies, local to areas, would stimulate the local trade.
Keep on about pubs & clubs, forgetting the local tradesmen.
Without them the cowboys will return
57
02/03/2021 10:52:08 55 14
bbc
An individual earning £150K will already pay £60K in tax and NI. Do they get more NHS for that? More roads? No - they already pay a huge amount in for the same services and benefits.
296
02/03/2021 12:56:35 11 0
bbc
Agree with everything accept the increase in tax on those earning over £150,000 - that would include many doctors, dentists, engineers, skilled workers, even plumbers and electrications with overtime etc. May be it should be those earning over £300,000 instead. There should be a wealth tax on big corps who made a mint out of Covid! Look at Besos his wealth jumped up massively this year alone.
442
02/03/2021 16:47:32 0 1
bbc
If you look at all the total tax paid by someone on £30k a year then the council tax & water rates,VAT on cakes, toilet paper ,fish and chips and other luxuries,on top of the income tax and NI+any alcohol taxes if they drink + fuel tax. All these together represent a tax rate at >50% of income.
506
02/03/2021 20:37:15 6 1
bbc
I assume you don’t earn £150k, and therefore expect successful people to fund your aspirations.
12
02/03/2021 10:26:20 42 13
bbc
We all knew the tax rises would come eventually - and they need to. The covid bill needs to be paid and I don't mind if I am a few pounds worse off each week. Its plain stupid to think we can get away without chipping in to the debt.
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
16
02/03/2021 10:30:18 10 7
bbc
Furlough doesn’t mean better off!
18
02/03/2021 10:31:25 15 4
bbc
Everyone benefited!!

Take a simple example of a bike shop being allowed to be open. Do you think that maybe some of the money that was spent there came from furlough??

Not difficult to understand is it?
19
02/03/2021 10:31:43 16 7
bbc
Agreed - I have continued to work (paying taxes) throughout this mess, not taken a penny from the state and yet I am going to be one of the first people to be hit. £22k straight off my pension fund.
61
02/03/2021 10:54:38 7 13
bbc
Indeed - the gov knows who they gave the free money to - the furloughed, the self-employed, rates, UC £1K bonus, etc and can apply a "covid code" to their tax code for the next 5 years adding a 10% extra tax - seems only fair that those who enjoyed such great support get to reimburse the state coffers. I imagine most would be happy to.
180
02/03/2021 11:50:36 10 1
bbc
Using your kind of logic then, the NHS should only be paid for by those who use it, and those who use it the most should pay the most? Is that how it works for you?
That logic doesn't apply in a civilised and socially cohesive society. We all pay for things we don't like or use all the time. That's how taxes work. our money goes to all sorts of projects, some good, some bad, can't pick and choose
370
02/03/2021 14:00:35 2 0
bbc
I've worked all the way through and instead of carping on about 'aw it wasn't me', I'm happy to have been able to keep my job and if asked to I'll pay more taxes. Do you feel the same about NHS? 'oh I didn't need an operation this year, I want my money back'...
386
02/03/2021 14:38:34 0 0
bbc
Bill Gates should cough up, after all he did orchestrate this along with his select few...event 2 0 1 - lets try it out and then make the public pay for it. Nope alot of us can see straight through this
521
02/03/2021 20:55:42 1 0
bbc
Typical of so many selfish people on here. Furlough is there to help people who are unfortunate enough to not have a functional job due to COVID. As someone who has not stopped working as see no reason why everyone who pays tax should not contribute. That is (mostly) the way tax works. It is like insurance, at the moment the premiums need to go up because of the overall number of claims.
642
Pip
03/03/2021 13:19:56 0 0
bbc
There We Are Then.............?
15
02/03/2021 10:29:33 8 10
bbc
Fairness is something that applies to everyone equally. It should not be dependent on your pay packet. Income tax is the fairest way.The more you earn, the more you pay.A man who earns 40K pays twice as much tax as someone who earns 20K, 60K three times,80k, four times etc. even more due to the higher tax bracket. They already pay more tax.Stop making it sound like they are not paying their share.
22
02/03/2021 10:33:31 9 2
bbc
Sorry but you're wrong.You seem to be arguing for a single income tax level which would mean someone on £40K would pay double that of someone on £20K but there are 3 levels of income tax meaning that the more you earn the more you pay in percentage terms.In several cases it doesn't make sense for some people to try and increase their salary because they end up paying more tax & losing benefits.
55
02/03/2021 10:49:42 6 0
bbc
A man who earns £100K pays 12 times more tax & NI that one who earns £20K - five times higher salary, twelve times higher contributions. This is under the current taxation levels.
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
16
02/03/2021 10:30:18 10 7
bbc
Furlough doesn’t mean better off!
29
02/03/2021 10:37:41 11 9
bbc
Yes it does - furloughed staff were better off than unemployed.
63
02/03/2021 10:54:59 3 2
bbc
It meant 80% better off that getting zilch.
17
02/03/2021 10:31:09 30 15
bbc
Tax Mogg more.
Increase Foreign Aid.
Crack down on offshore tax evasion.

Wake up and realise it was all just a dream.
573
02/03/2021 23:15:50 2 1
bbc
Reduce foreign aid more and use it to help ou homeless
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
18
02/03/2021 10:31:25 15 4
bbc
Everyone benefited!!

Take a simple example of a bike shop being allowed to be open. Do you think that maybe some of the money that was spent there came from furlough??

Not difficult to understand is it?
30
02/03/2021 10:38:08 8 13
bbc
Doesn't the furloughed person now have a bike that I paid for? Where's my bike?
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
19
02/03/2021 10:31:43 16 7
bbc
Agreed - I have continued to work (paying taxes) throughout this mess, not taken a penny from the state and yet I am going to be one of the first people to be hit. £22k straight off my pension fund.
28
02/03/2021 10:37:11 14 5
bbc
I have worked all through the pandemic too.

Difference is I realise I'm fortunate that I can because I work in an industry that can operate through lockdown.

I'm sure far more hardworking and talented people than you are not so lucky but you want praise for being one of the lucky ones!!

Disgusting!!
20
02/03/2021 10:32:03 5 2
bbc
Only retail need relief on business rates. Don't expect taxes on the public to support big business.
21
02/03/2021 10:32:38 54 31
bbc
As a pensioner, just waiting for the right time to access my personal pension pot, I would gladly forego the 25 % tax free element I would be entitled to. My pension pot has benefitted greatly due to generous tax breaks given by various governments, and now seems the right time to " Give something back" to help the younger generation, who will feel the pain for years to come.
46
02/03/2021 10:45:00 23 23
bbc
I'm in the same boat and, like you, feel the younger generation and especially frontline workers deserve a break. I'd forego my 25% tax free element too if I could be sure it'd mean better pay for nurses and other carers, more affordable (and more social) housing and more money for education especially in deprived areas.
118
02/03/2021 11:18:38 8 1
bbc
That’s very generous of you. But it’s your money and it should be your choice what you do with it. Some people who didn’t agree with the lockdown measures will not be as generous and quite frankly, can you blame them?
146
02/03/2021 11:33:47 14 0
bbc
The issue with giving that up is that fewer people will contribute to pensions. That has serious consequences down the line.
209
02/03/2021 12:09:57 8 1
bbc
Well you are in a lucky position to do just that. You can withdraw the money and gift it to the government. Or give it to good causes. Or your kids, or the single parent of 5 who has never contributed a penny in their life!
Most people have pitiful pensions due to low earnings and it has to last 20, 30+ years. Successive governments have pillaged pensions enough. Hands off!
259
02/03/2021 12:33:15 1 0
bbc
bot
504
02/03/2021 20:32:53 0 0
bbc
As a pensioner who has contributed for 44 years while working and am still contributing now I prefer to keep my help for the younger generation in house and make contributions to our children as and when necessary.
15
02/03/2021 10:29:33 8 10
bbc
Fairness is something that applies to everyone equally. It should not be dependent on your pay packet. Income tax is the fairest way.The more you earn, the more you pay.A man who earns 40K pays twice as much tax as someone who earns 20K, 60K three times,80k, four times etc. even more due to the higher tax bracket. They already pay more tax.Stop making it sound like they are not paying their share.
22
02/03/2021 10:33:31 9 2
bbc
Sorry but you're wrong.You seem to be arguing for a single income tax level which would mean someone on £40K would pay double that of someone on £20K but there are 3 levels of income tax meaning that the more you earn the more you pay in percentage terms.In several cases it doesn't make sense for some people to try and increase their salary because they end up paying more tax & losing benefits.
48
02/03/2021 10:47:11 4 0
bbc
Agreed. I earn 3x my partner's salary but pay 7x the amount of tax and NI. If we earned the same amount overall, but our wages were equally split, we would pay a lot less in tax and NI, and would qualify for child benefit too.
23
02/03/2021 10:33:40 218 41
bbc
The only people who are going to pay for all this is you and I. It won't be Amazon, it won't be Barclays Bank, and it won't be that idiot from yesterday's story claiming everybody was tired of working from home and were desperate to get back to his Canary Wharf offices. It will be you, me, and all the small one man and family businesses. The rich don't pay for anything - that's why they're rich.
51
02/03/2021 10:47:39 91 151
bbc
The rich pay for most things in the UK.
97
02/03/2021 11:10:14 43 11
bbc
The top 10 percent of earners pay for 20 percent of Vat and 40 percent of NI and 60 percent of income tax.
115
02/03/2021 11:17:38 35 10
bbc
I thought the numbers were something like the top 1% of earners pay around 26-275 of tax but I'd need to check latest. To claim they don't pay is ludicrous when this government has introduced the highest ever zero tax threshold for low earners. You are simply incorrect.
136
02/03/2021 11:28:56 42 10
bbc
You should think before you make ill informed and inaccurate statements Andy! In 2016-17 HMRC received £174bn in income tax. The top 381,000 people earning more than £150k per year paid a total of £52.5bn (that's over 30% of the tax bill) - they paid more income tax than the first 20m people combined! You should do your research! shorturl.at/hxAFK
155
02/03/2021 11:39:52 8 21
bbc
Why should it be Amazon? Because they happen to run a business delivering pretty much anything you can need to your door in a time where people are forced to stay inside? How terrible. Up their corporate tax to 70%. Why you think it should be Amazon Andy may be: you probably don't like it that some folks are rich and some are poor. You don't think its fair, right? God bless social justice.
172
02/03/2021 11:45:10 25 4
bbc
I thought exactly the same! LOL him saying people were tired of working from home?! Rubbish more like they need the workers back on the wharf funding TFL's poor service and overcrowded trains, Costas, Pret, too funny. They really do think we are all stupid sheep who will follow. Poor attempt at reverse psychology
207
02/03/2021 12:05:40 30 12
bbc
Not true . In a purely financial sense the rich will be more likely to be net contributors to the system whilst the poor will be more likely to be net takers from the system .
301
02/03/2021 12:59:49 2 1
bbc
I would not expect Amazon to pay the tax, it will be handed on to the consumer, like always. It’s a tax on online purchases not on Amazon. Though clearly they should be paying their whack which they not doing, but that’s another question entirely. The comment about the rich don’t pay anything is pure ignorance.
327
02/03/2021 13:14:48 2 1
bbc
Wouldnt it be fair if every person paid exactly the same amount of tax, based on the maximum amount the lowest paid could afford. Suppose a person earns 10 quid an hour, and works a forty hour week; that's 400 quid a week. Pay 10% tax, say, that's 40 quid. So we all pay 40 quid a week , or £2080 a year. If theres 25 million tax payers, the Govt. get a whopping £52 billion a year from us!
376
02/03/2021 14:17:22 0 0
bbc
You and me - just saying ;)
423
02/03/2021 15:34:30 2 1
bbc
Rubbish. The top 1% pay 29% of all income tax. The top 5% pay almost half. Amazon paid £293 million in tax in the UK and Barclays paid £1.2 billion. All the while creating tens of thousands of jobs. But, don't let the facts get in the way of a bit of rich bashing.
473
02/03/2021 18:46:31 0 0
bbc
Most people on here would say you are rich if you are a "small one man and family business"

depends on what you call rich
488
02/03/2021 19:28:15 0 0
bbc
Rich or poor; if we want to get somewhere near normal we ALL have to pay.....or just whinge!
8
02/03/2021 10:25:15 78 68
bbc
I agree. I think recipients of furlough support should have to pay an additional income tax, maybe only 2% for example until they have paid off their furlough support. Also a tax on wealth would be good.
24
02/03/2021 10:33:53 24 29
bbc
Why? The workers locked down to protect the old, it was not their choice. The old should now be paying the additional tax - take a percentage of their savings, pensions, property to cover the furlough scheme cost!!
For info, I've worked throughout, no furlough.
31
02/03/2021 10:38:28 38 1
bbc
So from this thread we have people saying that workers should be taxed more or the elderly while completely ignoring the Giant golden elephant in the room

Tax online businesses and those with multi millions, they can afford it more than most of us and if they want to enjoy our society that made them rich in the first place then they should help pay for its recovery.
120
02/03/2021 11:19:16 31 6
bbc
You are so right. As a pensioner squandering my measily state pension on food and heating and now tv licence in my council flat you are more than welcome to whats left. Which comes to exactly nowt.

For info I worked 52 years and paid tax all that time to support miseries like you.
405
02/03/2021 14:52:12 3 0
bbc
Why should the old pay any more than anyone else? And what is your definition of old? If you are 20, you will think anybody over 30 is old, and if your 45, you will think if will be someone over 60
482
02/03/2021 19:15:47 1 0
bbc
Complete and utter drivel.
526
02/03/2021 21:01:47 1 0
bbc
I have worked over 40 years for my savings and you want to take that off me. I have to question what sort of a person wants to hit old people. I to received no furlough and worked.
622
03/03/2021 10:36:16 0 0
bbc
How about extracting their gold fillings as well!
25
02/03/2021 10:34:58 1 0
bbc
The cost seen to make the NHS right needs NI contributions to be levelled, PAYE is no different to self employed! Some start up initiatives are needed to make closed businesses a realistic proposition. I’d like to see some brown field initiatives for manufacturing so we can get buying British!
Removed
27
02/03/2021 10:36:16 12 1
bbc
You may be sure of one thing after a budget, you will be paying for every thing Gov does one way or another. Direct taxes which can be seen or the less easily spotted ones like VAT on fuel, alcohol. insurance etc or Council tax. Give regions less money but expect them to do more is the best. Councils get the flack and Gov, hands on heart, swears its the party of low taxation.
125
02/03/2021 11:22:49 10 2
bbc
The least seen tax is inflation. That’s the governments weapon of choice because the cattle-class can’t see it.
156
02/03/2021 11:40:42 4 0
bbc
"You may be sure of one thing after a budget, you will be paying for every thing Gov does one way or another." Well, yes. That's how public finances always have, and always will, work.
19
02/03/2021 10:31:43 16 7
bbc
Agreed - I have continued to work (paying taxes) throughout this mess, not taken a penny from the state and yet I am going to be one of the first people to be hit. £22k straight off my pension fund.
28
02/03/2021 10:37:11 14 5
bbc
I have worked all through the pandemic too.

Difference is I realise I'm fortunate that I can because I work in an industry that can operate through lockdown.

I'm sure far more hardworking and talented people than you are not so lucky but you want praise for being one of the lucky ones!!

Disgusting!!
36
02/03/2021 10:41:46 4 3
bbc
Your starting to sound like a stuck record.
16
02/03/2021 10:30:18 10 7
bbc
Furlough doesn’t mean better off!
29
02/03/2021 10:37:41 11 9
bbc
Yes it does - furloughed staff were better off than unemployed.
18
02/03/2021 10:31:25 15 4
bbc
Everyone benefited!!

Take a simple example of a bike shop being allowed to be open. Do you think that maybe some of the money that was spent there came from furlough??

Not difficult to understand is it?
30
02/03/2021 10:38:08 8 13
bbc
Doesn't the furloughed person now have a bike that I paid for? Where's my bike?
37
02/03/2021 10:41:57 11 5
bbc
Buy one with your salary that you so nobly work for.

Shame ignorance isn't currency
535
02/03/2021 21:14:57 0 0
bbc
Ask Norman Tebbit, x Tory who told us to get on our bike
24
02/03/2021 10:33:53 24 29
bbc
Why? The workers locked down to protect the old, it was not their choice. The old should now be paying the additional tax - take a percentage of their savings, pensions, property to cover the furlough scheme cost!!
For info, I've worked throughout, no furlough.
31
02/03/2021 10:38:28 38 1
bbc
So from this thread we have people saying that workers should be taxed more or the elderly while completely ignoring the Giant golden elephant in the room

Tax online businesses and those with multi millions, they can afford it more than most of us and if they want to enjoy our society that made them rich in the first place then they should help pay for its recovery.
178
02/03/2021 11:48:05 12 0
bbc
Says the bitter left wing socialist. It's just not fair that people have more than you is it? They should be punished for there acumen, their passion, their hard work, their dedication, their commitment to not sit at home in their pyjamas with their 4 kids from 3 different dads, claiming whatever handout they can. It's just not right that people can have more than you do - they should be punished!
240
02/03/2021 12:25:46 0 0
bbc
I don't disagree but there is an issue with taxing ALL online businesses. If you run a single High Street business and try to supplement it with sales online you are hardly in the Amazon, Apple or Google bracket. I lot of High Street shops need small extra sales just to turn even a meagre profit. This is a conundrum for the government but I'm sure that given the will they can arrive at a solution.
32
02/03/2021 10:38:32 26 11
bbc
Another 5 things to look out for;

1. Big business being given loopholes to exploit
2. Punishment of small businesses & innovation
3. Further protection for the personal wealth of Tories & the ERG
4. Heaping debts onto the next generation
5. Total disregard and contempt for UK taxpaying citizens.
6
02/03/2021 10:22:46 19 14
bbc
This chancellor has completely lost the plot.

How much money has been wasted propping up non-viable businesses? He's spending like a drunk navy and sending the bill to our children and grandchildren.
33
02/03/2021 10:38:35 11 7
bbc
Well there’s a generation that sold the assets, closed the manufacturing, gave themselves great pensions and voted Brexit, that’s ironic
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
58
02/03/2021 10:52:30 6 1
bbc
That's the point of this. Along with a revision and reduction of taxes on shops, taxing Amazon etc will raise their prices and create an opportunity for the high street to compete on a fairer basis.
60
nax
02/03/2021 10:53:58 0 0
bbc
Amazon would raise prices possibly to the high street level. Maybe then people would be more inclined to buy on the high street rather than Amazon
70
02/03/2021 10:58:36 1 0
bbc
Amazon is marmite. Hate it or love it. My grandad was a grocer. My mum recollects him telling my gran, these new supermarkets will wipe out smaller businesses to which she replied rubbish, people will still go to the butchers, bakers etc. Amazon benefits from a system set up when we went to the shops. It needs a overhaul to protect competition or Amazon customers will pay more regardless.
77
02/03/2021 11:02:13 1 0
bbc
Exactly! I do agree that they have sharp practices when it comes to Corporation Tax (which needs to be addressed), but they do pay a LOT of VAT, Employers NI, Pension, and provide a LOT of employment in the community resulting in a LOT of wealth generation!
78
02/03/2021 11:02:17 1 0
bbc
I don't know why people are picking on Amazon. If we didn't support tax havens, Amazon wouldn't be an issue. Obviously, the Government could have refrained from vetoing the EU Common Consolidated Corporate Tax Base (CCCTB) in 2021, but we are where we are. Tories love tax avoidance.
80
Jim
02/03/2021 11:04:43 0 0
bbc
They will want to make more profit, but charging more = less sales as consumers are price sensitive. Therefore they are unlikely to pass it on in full, more likely they'd reduce dividends, share buybacks and other outflows
35
rr6
02/03/2021 10:41:24 2 12
bbc
My preference would be:
1. Scrap tax free pension lump sums.
2. Taxes on all cryptocurrency purchases.
3. No tax free capital gains allowance.
4. Increased stamp duty and taxes for domestic property landlords.
59
jay
02/03/2021 10:53:28 6 3
bbc
Results of this
1. People would save less for retirement making them more dependant on government
2. Capital gains are charged on crypto so they are taxed
3. Discourage anyone from setting up a business
4. Increase rental costs.
You are not a left wing leaning person are you with limited knowledge of how taxation works apart from a desire to tax everyone but yourself?
91
02/03/2021 11:09:03 3 1
bbc
1. So you would tax nurses, doctors, teachers, fireman, armed services and policeman after they have served this country during the pandemic
2. Already happens
3. This is likely to happen and capital gains will be taxed at income tax rates. Need to make allowance for entrepreneurs though.
4. Already pay higher stamp duty on additional properties
119
02/03/2021 11:19:06 3 1
bbc
A better idea would be to increase the tax on everyone born on a Monday
135
rr6
02/03/2021 11:28:22 1 1
bbc
The point is that somehow we have to pay for the loss of taxation and debt accumulated in 2020/2021. A massive increase in income tax would be counter productive and taxing the very highest earners is just a political gesture and will not raise any significant money.
28
02/03/2021 10:37:11 14 5
bbc
I have worked all through the pandemic too.

Difference is I realise I'm fortunate that I can because I work in an industry that can operate through lockdown.

I'm sure far more hardworking and talented people than you are not so lucky but you want praise for being one of the lucky ones!!

Disgusting!!
36
02/03/2021 10:41:46 4 3
bbc
Your starting to sound like a stuck record.
30
02/03/2021 10:38:08 8 13
bbc
Doesn't the furloughed person now have a bike that I paid for? Where's my bike?
37
02/03/2021 10:41:57 11 5
bbc
Buy one with your salary that you so nobly work for.

Shame ignorance isn't currency
38
02/03/2021 10:41:58 5 2
bbc
5% online sales tax. Who pays? We do, but if you want the high street to recover it’s the right thing to do. Of course the tax directly offsets business rates, so no paying off the debt there.
76
02/03/2021 11:00:13 6 4
bbc
Why do we want the high street to recover? Aren't we in danger of pursuing some nostalgic past time that nobody actually wants? Look at Woolworths - everyone sad that it closed, but nobody actually shopped there! We've got to think differently, the old ways are exactly that - the old ways, and like it or not, people aren't buying it!!
114
02/03/2021 11:17:34 0 4
bbc
Why should I have to pay 5% more because you want to go to a store? If the high street want to succeed they should adapt, offer lower prices to get customers in the door. They are screwed because they signed up to long expenses leases, that no one forced them to, maybe I should get a £1m mortgage and ask the government to pay for it?
144
Dee
02/03/2021 11:33:32 3 0
bbc
It’s fairer to have lower business rates & an online business warehouse tax to compensate.
39
02/03/2021 10:42:10 3 5
bbc
Sir Keir warns against tax rises, yet wants a £20 per week temp increase to UC made permanent. How would he fund it. Increasing duty on booze will hit the pubs which have already taken a massive hit. Raising Corp Tax is not useful, we need companies to be investing now. I favor increasing the personal allowance, & then reforming the higher bands so higher earners (like me) pay more.
44
02/03/2021 10:44:33 1 0
bbc
You must be confident your job will not be affected by the pandemic-good luck with that.
73
02/03/2021 10:59:04 1 0
bbc
Raising Corp Tax is useful as it only affects businesses that are making profits. It would also have zero effect on investing. How could it? In fact it might even encourage it.
40
02/03/2021 10:43:14 18 3
bbc
Don't worry everyone - according to the BBC he's going to announce "sp,e tax increases" and since I don't have any "sp,e" I guess I'll be fine.
41
02/03/2021 10:43:52 4 5
bbc
Lots of squealing on HYS today from people that are financially better off from Covid19 through savings and/or enhanced profits/earnings..

I don't think Rishi has the balls to take your money BUT if he does he'll have my support ??????!
42
02/03/2021 10:33:21 14 7
bbc
Ooh let me guess ?

Amazon and Boots to continue to be let off paying any corporation tax.
69
02/03/2021 10:57:48 9 1
bbc
When were they "let off"?
403
02/03/2021 14:50:39 0 0
bbc
And PayPal headquarters in Luxembourg.......they're another corrupt company that we really don't need BUT are somehow still going.
43
02/03/2021 10:44:09 1 5
bbc
Increase tax on anyone over £200k pa. direct taxation. Income tax. It won’t raise that much, but “every little helps”. Do not increase personal tax bands.
Also, do not increase pensions for 2 years. Pensioners have been protected during the pandemic, so scrape some back for a couple of years.
67
02/03/2021 10:56:54 7 4
bbc
Yeah - great idea. Those earning over £200k are wealth creators, business owners and entrepreneurs who will create jobs and get us out of this mess - tax them and they'll go elsewhere. Such short term idiotic left wing policies! It's no wonder the left manage to make such a mess of the finances each and every time they get into power!
71
jay
02/03/2021 10:58:41 2 3
bbc
Increasing taxes on anyone over £200k pa will make highly employable people who pay a lot of tax leave the country so reducing the tax intake. 30% of taxes are paid by 1% of the UK population so taxing the rich more than any other country will make them leave. To survive the UK needs to encourage these people to move here not the opposite envy politics does not make you wealthier.
39
02/03/2021 10:42:10 3 5
bbc
Sir Keir warns against tax rises, yet wants a £20 per week temp increase to UC made permanent. How would he fund it. Increasing duty on booze will hit the pubs which have already taken a massive hit. Raising Corp Tax is not useful, we need companies to be investing now. I favor increasing the personal allowance, & then reforming the higher bands so higher earners (like me) pay more.
44
02/03/2021 10:44:33 1 0
bbc
You must be confident your job will not be affected by the pandemic-good luck with that.
56
02/03/2021 10:52:02 0 0
bbc
I'm lucky, so far my job has not been affected, but if it was then my income would drop and I wouldn't be paying higher rates. Whilst I'm earning full salary I think it's fair for me to pay more tax.
45
02/03/2021 10:35:55 35 11
bbc
well.time to lube up and touch toes.but at least sunaks keeping house prices high.slow hand clap.
101
02/03/2021 11:11:22 32 17
bbc
Tories love the over inflated house price game, makes the boomers think they've achieved more than the reality
134
02/03/2021 11:28:17 1 1
bbc
You been visiting Derby again?
21
02/03/2021 10:32:38 54 31
bbc
As a pensioner, just waiting for the right time to access my personal pension pot, I would gladly forego the 25 % tax free element I would be entitled to. My pension pot has benefitted greatly due to generous tax breaks given by various governments, and now seems the right time to " Give something back" to help the younger generation, who will feel the pain for years to come.
46
02/03/2021 10:45:00 23 23
bbc
I'm in the same boat and, like you, feel the younger generation and especially frontline workers deserve a break. I'd forego my 25% tax free element too if I could be sure it'd mean better pay for nurses and other carers, more affordable (and more social) housing and more money for education especially in deprived areas.
243
02/03/2021 12:27:29 8 1
bbc
I am getting an overwhelming smell of Bulls*%t, I wonder why?
372
02/03/2021 14:05:37 0 0
bbc
As generous as your contribution would be, it unfortunately wouldn't make a difference - as the NHS currently consumes circa £330 MILLION PER DAY...
538
02/03/2021 21:18:14 0 0
bbc
Currently unemployed, too close to 60 to get another job, not getting a penny off the state, I plan to keep my pension pot. Maybe the Tories should stop squandering money.
47
02/03/2021 10:47:07 7 2
bbc
Councils are going bankrupt after their social care bill has shot up. Help for that would not be money wasted, even if it is ring fenced.
100
02/03/2021 11:11:16 4 3
bbc
Councils are going bankrupt on exorbitant spending on useless middle managers and vanity projects, it'd not being spent on social care unless you are in a wealthy area in which case it will all be private anyway
And they should stop producing leaflets in multiple langauges. This is England, speak English. Removed
277
02/03/2021 12:43:20 0 2
bbc
Would help if they spent money on services, not Diversity Directors, assistant to the Diversity Director...
420
02/03/2021 15:21:39 0 2
bbc
Too many councils were bandy in the forst place, wasting money and looking after their own whilst leaving residents in the s h 1 tee. Councils say they are opposed to things like unregistered HMO's with a 10K fine BUT when you report one nothing is ever done and they neighbors are expected to put it with it and keep paying council tax, no thanks. Time to emigrate out of this mess
22
02/03/2021 10:33:31 9 2
bbc
Sorry but you're wrong.You seem to be arguing for a single income tax level which would mean someone on £40K would pay double that of someone on £20K but there are 3 levels of income tax meaning that the more you earn the more you pay in percentage terms.In several cases it doesn't make sense for some people to try and increase their salary because they end up paying more tax & losing benefits.
48
02/03/2021 10:47:11 4 0
bbc
Agreed. I earn 3x my partner's salary but pay 7x the amount of tax and NI. If we earned the same amount overall, but our wages were equally split, we would pay a lot less in tax and NI, and would qualify for child benefit too.
49
02/03/2021 10:38:57 7 9
bbc
Sadly a lot of this help is like putting a terminally ill patient on a ventilator. It might keep the heart pumping a bit longer, but the truth is that they are already dead.

It would have been better not to kill off the businesses in the first place. And with the now totally unnecessary lockdowns we are still killing them off at a stupendous rate.
149
02/03/2021 11:35:29 1 0
bbc
They used to say that an additional bank holiday would be too costly for the economy. No we’ve turned off the economy for a whole year and everyone expects it to spring back into life in a couple of weeks. People are in for a big shock.
258
02/03/2021 12:33:13 1 0
bbc
'Totally unnecessary lockdowns'.
As Clint Eastwood might say 'What the hell are you TALKIN' about??!!
418
02/03/2021 15:15:35 0 0
bbc
You think it was the government who killed off businesses? Do you think the UK government are responsible for businesses in other countries going bust during Covid too? this pandemic is worldwide but you keep telling yourself that lockdowns aren't required if it makes you sleep at night. Better yet keep your conspiricy theories to yourself.
1
02/03/2021 10:13:47 147 25
bbc
If there is no increase in taxes for the multimillionaires then we have to ask why they keep being protected here? Even the USA is planning a 3% tax rise on those who have over 50 million to help fund social programs and the COVID recovery plan.

Is this more Cronyism in action?
50
02/03/2021 10:39:41 62 12
bbc
yes,yes it is.
552
02/03/2021 21:56:33 0 0
bbc
yawn
23
02/03/2021 10:33:40 218 41
bbc
The only people who are going to pay for all this is you and I. It won't be Amazon, it won't be Barclays Bank, and it won't be that idiot from yesterday's story claiming everybody was tired of working from home and were desperate to get back to his Canary Wharf offices. It will be you, me, and all the small one man and family businesses. The rich don't pay for anything - that's why they're rich.
51
02/03/2021 10:47:39 91 151
bbc
The rich pay for most things in the UK.
230
02/03/2021 12:21:37 7 2
bbc
Collectively, they don't, far from it. Do your maths.
247
02/03/2021 12:27:49 8 7
bbc
Out comes the Tory misinformation comment.

The top 10% may pay the headline amounts you talk about but in reality they are large net takers from society and based on wealth they pay around 1% tax, whereas us plebs (the masses) pay 20-60%. So proportionally the rich pay very little tax.
350
02/03/2021 13:39:45 2 2
bbc
I would if I had one of Hancocks golden contracts.
368
ken
02/03/2021 13:57:30 0 0
bbc
I differ as a percentage of their income or wealth they certainly do not, basic rate tax payer 20% income tax spends all he earns 205 vat national insurance well over 50%
400
02/03/2021 14:49:21 0 2
bbc
Right sure they do.
519
02/03/2021 20:53:57 1 0
bbc
You're deluded!
52
02/03/2021 10:47:57 3 9
bbc
Time for every one over 18 to be required to register for and complete an on-line tax return every year. That will provide a quick route to help those affected by the pandemic and possible future economic disasters. It will also ensure that those avoiding tax on income will have provided evidence of cheating, which could be used to force them to pay what is really due.
94
02/03/2021 11:09:28 3 1
bbc
Good idea, that way I can say I only earn £12,000 rather than my company actually disclosing what I really earn.
371
02/03/2021 14:00:59 0 0
bbc
Good idea

After all, PAYE, National Insurance, tax, and benefits aren't already on computer systems, because computers were only invented last week?

Of course, because it will be on the internets, nobody would dream of failing to declare their previously-undeclared income, and be grateful for the chance to pay the unpaid tax.
7
02/03/2021 10:23:39 24 6
bbc
I set up a new business just over 3yrs ago. I used a New Co because (1) it offers legal protection (2) it is good for product development and (3) I could keep earnings in the business and re-invest. 2019/20 was a milestone year with £100k+ profits and plans for offices and staff. 2020/21 has been a disaster.

We are not all personal service companies or tax shams to avoid payroll or NIC!
53
Jim
02/03/2021 10:48:16 11 3
bbc
No, but presumably you paid yourself via dividends rather than payroll, perfectly legal, but means less tax paid = less support from the government. I did the same, not great but I understand why they did it.
93
02/03/2021 11:09:27 6 3
bbc
Jim, I've held senior positions for over 20yrs and paid many £100k's in PAYE/NIC - in short, I've put a hell of a lot more in than I will ever take out - I'm lucky BUT spare a thought for those younger entrepreneurs and other new start-ups who have been knackered through no fault of their own.

Your short sightedness is going to leave UK plc poorer and result in a very bitter aftertaste.
211
02/03/2021 12:10:42 4 1
bbc
Does it mean less tax paid?

Let's say the net margin was £40K - as income it would be £12.5K tax free and 20% on the rest = £5,498 in tax and £3,660 in NI = total of £9,158.

As Corp profits it would be 19% with no tax-free = £7,600 and then 7.5% dividend tax (after £2K tax-free) = £2,280 so a total tax of £9,880.

So no, for many it will not be less "tax" - it used to be, but that changed.
54
02/03/2021 10:48:17 108 7
bbc
Close tax evasion loopholes. Tax offshore savings like the US do. If you’re a British citizen you pay British tax
Increase taxation on hedge funds and on second homes.
Oh and if you’re really serious about paying off some debt, first scrap HS2, then forcefully reclaim all the scam costs paid out during the pandemic. Start with the several billion paid for test and trace.
Time to get tough Rishi
85
02/03/2021 11:08:02 52 41
bbc
Not going to happen, we voted for Brexit i.e. more tax havens
111
02/03/2021 11:16:24 6 5
bbc
Do you mean tax avoidance loopholes? Using a loophole to avoid tax is perfectly legal and anyone with a pension is doing just that. Evading the tax you owe is illegal.
113
02/03/2021 11:17:19 14 6
bbc
The whole point of Brexit was so that the few can exploit more tax loopholes and offshore banking. Many of the wealthy in this country don't give two hoots about the country. They already have their dual passports at the ready. In the US the wealthy citizens are proud to be American.
256
02/03/2021 12:32:50 5 2
bbc
Then he would have to pay and his mates in the Tory party. The poor always pay. If you think someone who 150k is rich then you are mistaken. There are people in this country who have billions hidden away in off shore trust funds and various other tax evasion schemes. They got rich and stay rich by exploiting the rest of us and conning a large group of people to support them.
513
02/03/2021 20:44:27 1 0
bbc
It doesn't happen because it doesn't work
Lower taxes increases the tax take - it's an uncomfortable truth
15
02/03/2021 10:29:33 8 10
bbc
Fairness is something that applies to everyone equally. It should not be dependent on your pay packet. Income tax is the fairest way.The more you earn, the more you pay.A man who earns 40K pays twice as much tax as someone who earns 20K, 60K three times,80k, four times etc. even more due to the higher tax bracket. They already pay more tax.Stop making it sound like they are not paying their share.
55
02/03/2021 10:49:42 6 0
bbc
A man who earns £100K pays 12 times more tax & NI that one who earns £20K - five times higher salary, twelve times higher contributions. This is under the current taxation levels.
44
02/03/2021 10:44:33 1 0
bbc
You must be confident your job will not be affected by the pandemic-good luck with that.
56
02/03/2021 10:52:02 0 0
bbc
I'm lucky, so far my job has not been affected, but if it was then my income would drop and I wouldn't be paying higher rates. Whilst I'm earning full salary I think it's fair for me to pay more tax.
13
02/03/2021 10:27:24 42 12
bbc
More taxation for earning over £150K
Tax Amazon, Goggle etc to the full hilt. Get the High St working/opening.
Cut VAT for block refurbs, single/double extensions up to £100K, new kitchens installed, bathrooms upgraded, reduce to 12.5%. Small companies, local to areas, would stimulate the local trade.
Keep on about pubs & clubs, forgetting the local tradesmen.
Without them the cowboys will return
57
02/03/2021 10:52:08 55 14
bbc
An individual earning £150K will already pay £60K in tax and NI. Do they get more NHS for that? More roads? No - they already pay a huge amount in for the same services and benefits.
84
02/03/2021 11:06:59 11 6
bbc
I make it £54,360. They pay their fair share like everybody is supposed to
195
02/03/2021 11:56:14 9 10
bbc
Good. Is an individual earning over £150K 'worth' five times more NHS than the five nurses whose pay they make? Tax is a way of sharing good fortune and rebalancing the scales. Wealth and income inequality aren't just about take-home pay, the effects extend to affordability of housing, opportunities for children, a host of issues.
219
02/03/2021 12:18:22 7 0
bbc
Anyone earning over £125k also receives no Personal Allowance and will already be paying more tax than the equivalent number of people earning fractions of their salary.
415
02/03/2021 15:13:40 5 2
bbc
£90k take home pay after tax! how sad. That's still a better pay packet than 99% of the UK!
557
02/03/2021 22:16:35 1 3
bbc
They get £90K after tax. More than 4 times what the median earner takes home. And despite many people's protestations, they didn't do it on their own. Each success is build upon the backs of others. If you want to live in a money is all selfish society, please move to the US.
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
58
02/03/2021 10:52:30 6 1
bbc
That's the point of this. Along with a revision and reduction of taxes on shops, taxing Amazon etc will raise their prices and create an opportunity for the high street to compete on a fairer basis.
116
02/03/2021 11:18:09 2 2
bbc
Nobody wants the high street. It's hard for some to accept, but actions speak louder than words. It comes to something when you have to impede a certain way in order to maintain/revive another way that is clearly failing. If 95% of people don't want it, then why punish them for the 5% that do! Rather like Woolworths - everyone sad that it closed, but nobody shopped there!
127
02/03/2021 11:23:43 0 1
bbc
Its a free market, I'm sick of people saying protect the high street - it's dead no one used it pre lockdown, turn it in to housing. Why is it that we say socialism doesn't work, but when the bankers and high street need help we think it's ok? The high street is owned by billionaires, they can afford the loss or improve, before anyone says "they'll move" let them, it'll be the same elsewhere.
198
Dee
02/03/2021 11:56:56 0 1
bbc
No it won’t make the high street more attractive. Although, much depends on where you live. People buy online for the convenience & that genie is not going back in the bottle. All taxing Amazon will do is increase inflation.
35
rr6
02/03/2021 10:41:24 2 12
bbc
My preference would be:
1. Scrap tax free pension lump sums.
2. Taxes on all cryptocurrency purchases.
3. No tax free capital gains allowance.
4. Increased stamp duty and taxes for domestic property landlords.
59
jay
02/03/2021 10:53:28 6 3
bbc
Results of this
1. People would save less for retirement making them more dependant on government
2. Capital gains are charged on crypto so they are taxed
3. Discourage anyone from setting up a business
4. Increase rental costs.
You are not a left wing leaning person are you with limited knowledge of how taxation works apart from a desire to tax everyone but yourself?
263
02/03/2021 12:34:51 0 0
bbc
Do you really think people start businesses thinking "one day, I shall sell my business and not pay Capital Gains Tax on the first £12,300 of my profit, muahahaha!!"

Entrepreneur's Relief gives a 10% tax rate. They'd be paying an extra £1,230. Yeah, they'll really hold off starting a business over that.

Axing the CGT allowance is really aimed at people with small investment portfolios.
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
60
nax
02/03/2021 10:53:58 0 0
bbc
Amazon would raise prices possibly to the high street level. Maybe then people would be more inclined to buy on the high street rather than Amazon
14
02/03/2021 10:27:38 29 62
bbc
The covid bill should be paid by those who benefitted. Online retailers, furloughed staff and the elderly.
61
02/03/2021 10:54:38 7 13
bbc
Indeed - the gov knows who they gave the free money to - the furloughed, the self-employed, rates, UC £1K bonus, etc and can apply a "covid code" to their tax code for the next 5 years adding a 10% extra tax - seems only fair that those who enjoyed such great support get to reimburse the state coffers. I imagine most would be happy to.
159
02/03/2021 11:41:28 5 3
bbc
bitterness and ignorance aren't very commendable qualities.
We'll all have to do our bit, and the " why should I, make them pay" attitudes like yours will be treated with the contempt they deserve
391
02/03/2021 14:46:14 0 2
bbc
it was not great support! I didn't have a choice! I would have rather been unemployed and had my debt written off. I won't pay an extra 10% when they already deducted 20% off for a start. Only 80% of your original wage plus the £2.5k cap and having your life taken away....then saying we get to pay it back....nahhh get lost
62
02/03/2021 10:54:44 5 3
bbc
Seriously BBC - doesn't anyone proof read your copy *before* it is posted? What is this supposed to say "According to reports, Mr Sunak is likely to announce sp,e tax increases - although whatever he does..."?
81
02/03/2021 11:04:47 4 1
bbc
I know. The quality of writing here is often appalling. This is the email address to use for spelling, punctuation and grammar complaints: newssiteerrors@bbc.co.uk
110
02/03/2021 11:16:01 1 0
bbc
It's supposed to read "some" it's a misalignment on touch typing of the right hand by one character to the right.

I need to get a life!
16
02/03/2021 10:30:18 10 7
bbc
Furlough doesn’t mean better off!
63
02/03/2021 10:54:59 3 2
bbc
It meant 80% better off that getting zilch.
64
joe
02/03/2021 10:55:46 30 16
bbc
Good old Rishi. Raise a few taxes here and there, a bit of smoke and mirrors, chuck in a 'worldbeating' or two and voila!

- we will all be worse off....

Except BoJo and his mates who can have their off shore tax havens - safer now due to brexshit.

As Rees Smogg said...Its only 50 years of pain for the rest of us.
399
02/03/2021 14:49:21 2 2
bbc
Rishi and his dumb Eat out to help out scheme....it was always going to end in another wave but people didn't care they wanted to gorge on cheap takeaways. And he knew how predictable that was so he exploited it
8
02/03/2021 10:25:15 78 68
bbc
I agree. I think recipients of furlough support should have to pay an additional income tax, maybe only 2% for example until they have paid off their furlough support. Also a tax on wealth would be good.
65
Jim
02/03/2021 10:55:57 23 0
bbc
Or, and hear me out, we could raise corporation taxes a bit as furlough meant companies didn't need to spend a fortune firing and rehiring their entire staff, rather than taxing people.who effectively had to take a 20% paycut through no fault of their own
148
02/03/2021 11:34:17 10 1
bbc
Best comment on here! And alot of companies used the opportunity to have a "clear-out" of employees without the legal loopholes. Kept the favorites and the rest are binned off. And now they are re-hiring! They should be coughing up
5
02/03/2021 10:22:07 4 17
bbc
Its nobody's fault this pandemic, it's here and here to stay, and I hoped the chancellor would just add 5% extra to those who are in the highest bracket, and raise tobacco and alcohol by 25p.
He knows t will take along while to straighten things out, and I would like to thank the Government for all the help, like furlough, that enabled the country to go on, other countries just had to suffer.
66
02/03/2021 10:56:04 5 2
bbc
We have had the worst economic hit for one simple reason: the pandemic was very badly managed. They are not separate entities, one thing leads to another.
Plus, of course the billions thrown at MP' chums for disastrous Test and Trace, PPE not fit for purpose, etc.
Does this sound familiar?
Millions of pounds spent on a ferry company that had no ferries, anyone?
43
02/03/2021 10:44:09 1 5
bbc
Increase tax on anyone over £200k pa. direct taxation. Income tax. It won’t raise that much, but “every little helps”. Do not increase personal tax bands.
Also, do not increase pensions for 2 years. Pensioners have been protected during the pandemic, so scrape some back for a couple of years.
67
02/03/2021 10:56:54 7 4
bbc
Yeah - great idea. Those earning over £200k are wealth creators, business owners and entrepreneurs who will create jobs and get us out of this mess - tax them and they'll go elsewhere. Such short term idiotic left wing policies! It's no wonder the left manage to make such a mess of the finances each and every time they get into power!
107
02/03/2021 11:15:25 1 0
bbc
Are they though? Quite a lot of £200k+ people are employees - bankers, footballers, lawyers, company directors.
68
02/03/2021 10:57:10 16 6
bbc
I was stunned to read that in the last 10 years of Tory govt., we have had someyhing like 1000 tax rises, of one sort or another. Tories, like Labour, are a party of taxation, don't be fooled to think otherwise. The only way out of this is to hit the biggest and wealthiest companies/earners/landowners, and not go for the middle/low income classes with pension stealth taxes, blah, blah, blah.
87
02/03/2021 11:01:09 1 2
bbc
all political parties.are the parties of taxation.next in line(whichever party elected)if the lower classes pay more in tax.we can stop climate change.
89
DAB
02/03/2021 11:08:28 4 1
bbc
A typical British socialist suggestion that sounds so plausible, but doesn't work in reality!
How do you define who the "biggest and wealthiest" are? (clue: they are the minority)
How do you define "middle/low income classes" (clue: they are the majority)
98
02/03/2021 11:10:21 2 2
bbc
Can you list them?
153
02/03/2021 11:37:37 6 2
bbc
Typical left wing "...tax the rich, they earn more than me".

In London there are 4.2 million income tax payers, but just 87,000 earning £200k+ per year paid nearly half the £43.8bn income tax raised in the capital.

Those London bankers, lawyers and their ilk paid more income tax in 2016-17 than the entire sum raised from every income tax payer in Scotland and Wales combined.
42
02/03/2021 10:33:21 14 7
bbc
Ooh let me guess ?

Amazon and Boots to continue to be let off paying any corporation tax.
69
02/03/2021 10:57:48 9 1
bbc
When were they "let off"?
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
70
02/03/2021 10:58:36 1 0
bbc
Amazon is marmite. Hate it or love it. My grandad was a grocer. My mum recollects him telling my gran, these new supermarkets will wipe out smaller businesses to which she replied rubbish, people will still go to the butchers, bakers etc. Amazon benefits from a system set up when we went to the shops. It needs a overhaul to protect competition or Amazon customers will pay more regardless.
43
02/03/2021 10:44:09 1 5
bbc
Increase tax on anyone over £200k pa. direct taxation. Income tax. It won’t raise that much, but “every little helps”. Do not increase personal tax bands.
Also, do not increase pensions for 2 years. Pensioners have been protected during the pandemic, so scrape some back for a couple of years.
71
jay
02/03/2021 10:58:41 2 3
bbc
Increasing taxes on anyone over £200k pa will make highly employable people who pay a lot of tax leave the country so reducing the tax intake. 30% of taxes are paid by 1% of the UK population so taxing the rich more than any other country will make them leave. To survive the UK needs to encourage these people to move here not the opposite envy politics does not make you wealthier.
103
02/03/2021 11:13:20 2 2
bbc
If this was the case they would all have left to work in the middle east where taxes are almost 0. The fact is they are here, even after previous years of tax rises, they are not going anywhere so tax them.
108
02/03/2021 11:15:26 1 1
bbc
The old chestnut 1% pay 30% of taxes, think you're referring to income tax only. Income tax is a small proportion of tax take.
72
02/03/2021 10:58:57 11 2
bbc
Please don't forget the 5 million self-employed people! Our last grant covered November - January, and most of us in face-to-face roles still can't work.
128
02/03/2021 11:23:49 1 3
bbc
But what’s the solution, carry on Furlough forever?
39
02/03/2021 10:42:10 3 5
bbc
Sir Keir warns against tax rises, yet wants a £20 per week temp increase to UC made permanent. How would he fund it. Increasing duty on booze will hit the pubs which have already taken a massive hit. Raising Corp Tax is not useful, we need companies to be investing now. I favor increasing the personal allowance, & then reforming the higher bands so higher earners (like me) pay more.
73
02/03/2021 10:59:04 1 0
bbc
Raising Corp Tax is useful as it only affects businesses that are making profits. It would also have zero effect on investing. How could it? In fact it might even encourage it.
74
02/03/2021 10:59:06 0 4
bbc
Really enjoying the moaning. Keep it up !
75
02/03/2021 10:59:14 38 2
bbc
The 'silent majority' are content to pay reasonable taxes (increases if needed) which will be spent wisely and efficiently to improve everyone's well being.

If only!
486
02/03/2021 19:26:19 10 1
bbc
Well I think it was the lib Dem that were the only party that had a manifesto that the IFS said stood up. They wanted to increase taxes for better services. And the country handed the Tories an 80 seat majority. No one wants to pay more taxes but we all want better services.
38
02/03/2021 10:41:58 5 2
bbc
5% online sales tax. Who pays? We do, but if you want the high street to recover it’s the right thing to do. Of course the tax directly offsets business rates, so no paying off the debt there.
76
02/03/2021 11:00:13 6 4
bbc
Why do we want the high street to recover? Aren't we in danger of pursuing some nostalgic past time that nobody actually wants? Look at Woolworths - everyone sad that it closed, but nobody actually shopped there! We've got to think differently, the old ways are exactly that - the old ways, and like it or not, people aren't buying it!!
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
77
02/03/2021 11:02:13 1 0
bbc
Exactly! I do agree that they have sharp practices when it comes to Corporation Tax (which needs to be addressed), but they do pay a LOT of VAT, Employers NI, Pension, and provide a LOT of employment in the community resulting in a LOT of wealth generation!
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
78
02/03/2021 11:02:17 1 0
bbc
I don't know why people are picking on Amazon. If we didn't support tax havens, Amazon wouldn't be an issue. Obviously, the Government could have refrained from vetoing the EU Common Consolidated Corporate Tax Base (CCCTB) in 2021, but we are where we are. Tories love tax avoidance.
79
02/03/2021 11:02:33 9 11
bbc
BREXIT cost us more last year than the total of the payments made to the EU since we joined, never mind the costs of COVID.
Brexit has devastated businesses. Government departments are actually advising companies to open a branch in the EU in order to continue trading.
Fishing is all but destroyed. Financial services had no agreement at all with the EU: and they are 80 percent of our trade.
99
02/03/2021 11:11:09 6 4
bbc
Don't bother posting facts. You'll upset the Tory supporters.
122
02/03/2021 11:21:35 2 1
bbc
completely agree. the government had no clue for what to do for Brexit, didn't listen to the protesters who wanted to have another vote, then they lie to the fishermen saying that they will have a better future only for the fishermen to find out that they lose most of their sales. we had to give Brussels 40 billion to leave and in return we destroy our own country. BoJo keep up with all the lies
145
02/03/2021 11:33:33 3 2
bbc
Wow! You certainly love a "sweeping statement" don't you? Absolutely NO EVIDENCE WHATSOEVER to back up what you're saying of course, all just soundbites! Grow up and engage in decent proper debate!
147
02/03/2021 11:33:54 3 2
bbc
Lockdown caused triggered the worst recession in 300 years, Brexit is a scapegoat
34
02/03/2021 10:39:19 5 8
bbc
People keep suggesing to tax Amazon - what do you think Amazon's reaction to that will be. They still want to make the same profit. The only way they can do both is to increase prices. So, taxing Amazon treally taxes their customers.
80
Jim
02/03/2021 11:04:43 0 0
bbc
They will want to make more profit, but charging more = less sales as consumers are price sensitive. Therefore they are unlikely to pass it on in full, more likely they'd reduce dividends, share buybacks and other outflows
62
02/03/2021 10:54:44 5 3
bbc
Seriously BBC - doesn't anyone proof read your copy *before* it is posted? What is this supposed to say "According to reports, Mr Sunak is likely to announce sp,e tax increases - although whatever he does..."?
81
02/03/2021 11:04:47 4 1
bbc
I know. The quality of writing here is often appalling. This is the email address to use for spelling, punctuation and grammar complaints: newssiteerrors@bbc.co.uk
82
02/03/2021 11:05:57 27 4
bbc
This man needs to start cutting the red tape, so far this morning as a businessman who works on my own I have dealt with issues regarding IR35 and Data Protection and achieved absolutely zip towards earning a living!
105
02/03/2021 11:14:38 23 1
bbc
I thought it was just me. Spent last night and this morning planning the winding up of something I started and ran for 20 years because of the quadruple whammy, Brexit, Covid, IR35 and GDPR.
143
02/03/2021 11:33:15 1 0
bbc
The tax code is only 10 million words long, as far as I’m aware ridiculously costly and unnecessary bureaucracy is conducive to a thriving private sector, is it not?
83
02/03/2021 11:06:45 95 4
bbc
Does it make any sense at all to extend the stamp duty holiday when it is partly to blame for property prices shooting up by a ridiculous 8.5%? Let property prices fall instead of artificially propping it up for the rich who have invested in multiple properties
287
02/03/2021 12:51:47 39 4
bbc
Hit the nail on the head ... governemnt protecting the rich property owners, often Tory voters and even many are Tory MPs. All wrong! Drop the help to buy schemes and the stamp duty holiday, when no-one buys prices fall ... leave it to the markets ... long a Tory mantra, unless it suits them otherwise!
324
Bob
02/03/2021 13:10:51 2 1
bbc
Can't do that because gov is full of landlords, their voters want to protect their interests at all costs, and the Help to Buy scheme means if prices fall people will redeem their loan at a loss to the government.
502
02/03/2021 20:28:13 0 1
bbc
I recall Gordon Brown encouraged middle-class savers to invest in property ; tax free investment with the tenants paying off the mortgage.
529
02/03/2021 21:04:48 1 0
bbc
I did not realise that buying a house made you rich. You must be happy with been poor.
530
02/03/2021 21:05:38 1 0
bbc
Why are people getting 10k tax breaks while others will have to pay through the nose for this largesse.
584
03/03/2021 00:39:42 0 0
bbc
FYI: I inherited a family house and don't want to lose the link with my lost family by selling it.
Buyers of my house have paid more as the offers on it were way above what we expected (what am I supposed to do take a lower offer?) now due to the boroughs 50 days on searches ! they will also have to pay stamp duty, caught twice. Just ignore stamp duty on those who started the process.
57
02/03/2021 10:52:08 55 14
bbc
An individual earning £150K will already pay £60K in tax and NI. Do they get more NHS for that? More roads? No - they already pay a huge amount in for the same services and benefits.
84
02/03/2021 11:06:59 11 6
bbc
I make it £54,360. They pay their fair share like everybody is supposed to
132
02/03/2021 11:26:24 16 0
bbc
You're forgetting at an income of £150k they would lose their personal allowance, increasing tax and NI to £59,360.
Then you're clearly an idiot aren't you? Here's hoping you're not responsible for calculating people's taxes?! At £150k they lose their personal allowance completely! Removed
54
02/03/2021 10:48:17 108 7
bbc
Close tax evasion loopholes. Tax offshore savings like the US do. If you’re a British citizen you pay British tax
Increase taxation on hedge funds and on second homes.
Oh and if you’re really serious about paying off some debt, first scrap HS2, then forcefully reclaim all the scam costs paid out during the pandemic. Start with the several billion paid for test and trace.
Time to get tough Rishi
85
02/03/2021 11:08:02 52 41
bbc
Not going to happen, we voted for Brexit i.e. more tax havens
133
02/03/2021 11:27:39 8 3
bbc
Thankfully there were no tax loopholes while we were in the EU ....
171
02/03/2021 11:45:02 11 2
bbc
Some motivated Brexiteers definitely wanted to avoid the introduction of the EU anti tax avoidance directive and identification of trust beneficiaries....

.... and, unsurprisingly, the largely non-dom owned (I wonder why?) EU opposing / Brexit supporting newspapers persuaded enough people to vote for it.
217
02/03/2021 12:15:10 3 1
bbc
Oh yeah because the EU member of Luxembourg isn't a tax haven, right???!!!
335
02/03/2021 13:21:36 4 1
bbc
The largest tax havens impacting the UK are places like Ireland and Luxemburg. Have a look at a double Irish and Dutch sandwich to give you a feel for it, or consider why Amazon is based in Luxembourg across Europe with a confidential tax agreement with the Lux government.
86
02/03/2021 11:08:08 63 5
bbc
I'm all for taxing the likes of Amazon but what do people think will happen to prices if companies like that had to pay a proper amount of tax? There is a reason why Amazon are so big and if you really are that upset by their tax position then boycott them and buy from a company that does pay its fair share of business rates, corporation tax etc. Don't keep using them whilst moaning about them.
261
02/03/2021 12:33:45 11 24
bbc
What is this fair share of business rates people keep banging on about? Companies such as Amazon's premises are mostly warehousing, not retail and are charged accordingly.

They pay their share of Corporation Tax which is the amount due. I'd also remind people that increasingly sales via Amazon are made by third party sellers.

So exactly what are they doing wrong?
624
03/03/2021 10:44:15 0 0
bbc
Unfortunately Amazon have had millions of us over a barrel for nearly a year. Most shops have been closed. If we needed anything Amazon was the first place we would look for it. They would deliver it the next day, free of charge with Amazon Prime. The delivery people used by Amazon have been working throughout the pandemic, probably earning a fortune while others have been forced to stay in.
68
02/03/2021 10:57:10 16 6
bbc
I was stunned to read that in the last 10 years of Tory govt., we have had someyhing like 1000 tax rises, of one sort or another. Tories, like Labour, are a party of taxation, don't be fooled to think otherwise. The only way out of this is to hit the biggest and wealthiest companies/earners/landowners, and not go for the middle/low income classes with pension stealth taxes, blah, blah, blah.
87
02/03/2021 11:01:09 1 2
bbc
all political parties.are the parties of taxation.next in line(whichever party elected)if the lower classes pay more in tax.we can stop climate change.
88
02/03/2021 11:08:28 6 0
bbc
Where exactly are all the new jobs we were promised, training posts for post-Brexit. the "brave new world?" That could be started online if need be. they have had plenty of time. instead they are propping up industries that may never be viable again. Yes, these employees need money to live, but why not put efforts into retraining people now for green industries, for things we will actually need?
131
02/03/2021 11:25:54 3 2
bbc
If green industry is set to grow it will grow independently from private innovation. Not from the government heaping more debt, inflation and misery on the already crippled private sector. We need the government to get out of the way to let the private sector fix the complete mess the government has created yet again.
68
02/03/2021 10:57:10 16 6
bbc
I was stunned to read that in the last 10 years of Tory govt., we have had someyhing like 1000 tax rises, of one sort or another. Tories, like Labour, are a party of taxation, don't be fooled to think otherwise. The only way out of this is to hit the biggest and wealthiest companies/earners/landowners, and not go for the middle/low income classes with pension stealth taxes, blah, blah, blah.
89
DAB
02/03/2021 11:08:28 4 1
bbc
A typical British socialist suggestion that sounds so plausible, but doesn't work in reality!
How do you define who the "biggest and wealthiest" are? (clue: they are the minority)
How do you define "middle/low income classes" (clue: they are the majority)
90
02/03/2021 11:08:57 0 0
bbc
Everything we have we have because someone works. Food in the shops, healthcare, technology. And wealth is built by producing goods and services people want, by people being enterprising, finding efficient and novel ways of doing things.

Public services and paying off the debt by taxing income and profits.

Anything else is fairly gold, and we saw where that got is in the financial crisis.
35
rr6
02/03/2021 10:41:24 2 12
bbc
My preference would be:
1. Scrap tax free pension lump sums.
2. Taxes on all cryptocurrency purchases.
3. No tax free capital gains allowance.
4. Increased stamp duty and taxes for domestic property landlords.
91
02/03/2021 11:09:03 3 1
bbc
1. So you would tax nurses, doctors, teachers, fireman, armed services and policeman after they have served this country during the pandemic
2. Already happens
3. This is likely to happen and capital gains will be taxed at income tax rates. Need to make allowance for entrepreneurs though.
4. Already pay higher stamp duty on additional properties
1
02/03/2021 10:13:47 147 25
bbc
If there is no increase in taxes for the multimillionaires then we have to ask why they keep being protected here? Even the USA is planning a 3% tax rise on those who have over 50 million to help fund social programs and the COVID recovery plan.

Is this more Cronyism in action?
92
02/03/2021 11:09:11 7 20
bbc
Renegotiate the berxit ‘deal’ with the EU to include membership of the CU and SM, and watch our fortunes improve.
632
03/03/2021 12:00:04 0 0
bbc
that's having your cake and eating it though. We left so have to face the consequences
53
Jim
02/03/2021 10:48:16 11 3
bbc
No, but presumably you paid yourself via dividends rather than payroll, perfectly legal, but means less tax paid = less support from the government. I did the same, not great but I understand why they did it.
93
02/03/2021 11:09:27 6 3
bbc
Jim, I've held senior positions for over 20yrs and paid many £100k's in PAYE/NIC - in short, I've put a hell of a lot more in than I will ever take out - I'm lucky BUT spare a thought for those younger entrepreneurs and other new start-ups who have been knackered through no fault of their own.

Your short sightedness is going to leave UK plc poorer and result in a very bitter aftertaste.
52
02/03/2021 10:47:57 3 9
bbc
Time for every one over 18 to be required to register for and complete an on-line tax return every year. That will provide a quick route to help those affected by the pandemic and possible future economic disasters. It will also ensure that those avoiding tax on income will have provided evidence of cheating, which could be used to force them to pay what is really due.
94
02/03/2021 11:09:28 3 1
bbc
Good idea, that way I can say I only earn £12,000 rather than my company actually disclosing what I really earn.
95
02/03/2021 11:04:34 0 0
bbc
Disgusting
8
02/03/2021 10:25:15 78 68
bbc
I agree. I think recipients of furlough support should have to pay an additional income tax, maybe only 2% for example until they have paid off their furlough support. Also a tax on wealth would be good.
96
02/03/2021 11:10:01 14 1
bbc
Income tax is charged on individuals, those same individuals who were put on furlough by employers with whom that decision rested and not individuals.
255
02/03/2021 12:32:03 0 0
bbc
Agreed, but not all employers are as hard hearted as you would have them painted. I run a micro business with just four employees and I discussed our sales situation with them just prior to the furlough scheme being announced. To save all four jobs it was unanimously agreed that they would move to a four day working week ... and then the scheme was announced.... a no brainer for all.
23
02/03/2021 10:33:40 218 41
bbc
The only people who are going to pay for all this is you and I. It won't be Amazon, it won't be Barclays Bank, and it won't be that idiot from yesterday's story claiming everybody was tired of working from home and were desperate to get back to his Canary Wharf offices. It will be you, me, and all the small one man and family businesses. The rich don't pay for anything - that's why they're rich.
97
02/03/2021 11:10:14 43 11
bbc
The top 10 percent of earners pay for 20 percent of Vat and 40 percent of NI and 60 percent of income tax.
162
02/03/2021 11:42:15 22 12
bbc
One does not need to be particularly well paid to fall in to the top 10% of earners.
68
02/03/2021 10:57:10 16 6
bbc
I was stunned to read that in the last 10 years of Tory govt., we have had someyhing like 1000 tax rises, of one sort or another. Tories, like Labour, are a party of taxation, don't be fooled to think otherwise. The only way out of this is to hit the biggest and wealthiest companies/earners/landowners, and not go for the middle/low income classes with pension stealth taxes, blah, blah, blah.
98
02/03/2021 11:10:21 2 2
bbc
Can you list them?
79
02/03/2021 11:02:33 9 11
bbc
BREXIT cost us more last year than the total of the payments made to the EU since we joined, never mind the costs of COVID.
Brexit has devastated businesses. Government departments are actually advising companies to open a branch in the EU in order to continue trading.
Fishing is all but destroyed. Financial services had no agreement at all with the EU: and they are 80 percent of our trade.
99
02/03/2021 11:11:09 6 4
bbc
Don't bother posting facts. You'll upset the Tory supporters.
47
02/03/2021 10:47:07 7 2
bbc
Councils are going bankrupt after their social care bill has shot up. Help for that would not be money wasted, even if it is ring fenced.
100
02/03/2021 11:11:16 4 3
bbc
Councils are going bankrupt on exorbitant spending on useless middle managers and vanity projects, it'd not being spent on social care unless you are in a wealthy area in which case it will all be private anyway