So.. tomorrows the day, tax tax tax

By : Administrator
Published 21st June 2010 |
Read latest comment - 24th June 2010

I wonder how badly business owners will get hit tomorrow during the emergency budget.

Looks like VAT's on the rise, making all of our products and services that bit more expensive, and the fuel dearer for us to get to work.

CGT is a given, but interested to see what else is in store for us all, corporation tax maybe?

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments
No great surprises then?
  • VAT goes upto 20% in Jan
  • CGT goes to 28% (must admit was expecting 40%)
  • Child benefit frozen for 3 years
  • Tax credits cut for familes earning

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

I like the no company NI contributions for first 10 new employees

tomsk

Any thoughts?

Yes...
No great surprises then?



You've answered the question as I see it.

Saw Osborne on the BBC this morning, and thought he came over quite well.

Alistair Darling came over as sour grapes, reckons he wouldn't have put up VAT, and has accussed Osborne of taking a huge gamble.

Guess time and political historians will tell !!

BBC News - Budget: Osborne rejects Labour 'carping from sideline'

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

It's an interesting Budget but the more I look at it, the more dangerous it seems to be.

There was a slow, fragile, insecurely based recovery of confidence underway. I think that'll halt now, until the next change of course.

Linda
CareersPartnershipUK

Most of it was hits we were already anticipating. Can't say I'm happy but I also can't say I'm surprised.

As someone on my Twitter feed put it, at least we were expecting it from the Tories.

VirtuallyMary

it seemed fair in the circumstances, but I suppose we will only know next year when food petrol and everything else is that little bit more

Paula

This Thread is now closed for comments