#12862902, By frightlever UK Politics Thread

frightlever 4 Mar 2021 09:13:08 1,524 posts
Seen 1 week ago
Registered 9 years ago

Grumpyoldman72 wrote:

X201 wrote:

chopsen wrote:

Corp tax rise wax bigger than I expected.

If it's ever implemented.
Oh trust me it will be implemented alright if you run a small business. Multinationals, blue chips and the usual suspects will get a free pass of course.

I intend not to pay it when it comes to fruition and be damned with the consequences as I'm just about at breaking point as it is, sick of being taxed out of existence by career politicians who live in their bullshit Westminster bubble.

If you're breaking even you won't be paying any more in corporation tax. Small companies making a profit under Ł50k will stay at 19%.

I kinda doubt you have a business at all as taxes apply to successful companies not struggling companies. The possible exception being payroll contributions for eg NI contributions. The employers contribution is unchanged.

There are also business rates, which have been frozen AFAIK.

So, what's your extra tax burden?

(And I feel corporation tax is regressive, far easier to tax individuals, including shareholders and business owners directly via meaningful taxes on share options and dividends.)