Budget

tut · Post by **tut** » Wed Mar 21, 2007 11:09 pm

gorrie

You have that spot on. Mine is a classic example, and though it does not affect me too much as most of my income is tax free because it is a War Pension, my actual taxable income is £11.5K a year.

So officially I am in the poverty band if that is all I had to live on, so by abolishing the 10% band, I pay an extra £120 tax per year.

Not sure what the cut off line is before the new 20% becomes beneficial, but I would say that anybody earning below £14K/annum will be worst off.

Someone earing £35K/annum will be around £770 better off.

Some Socialist Party.

tut

james · Post by **james** » Wed Mar 21, 2007 11:38 pm

tut wrote:
Some Socialist Party.

They arent a Socialist Party - they are "New Labour" - which means they tax you to the hilt but PRETENT they dont

Aha - thats the key - do it by stealth and its not really taxation see!

NOT

Titanium S1 111S (gla) · Post by **Titanium S1 111S (gla)** » Thu Mar 22, 2007 1:47 am

Just wait for the NI to go up, i suspect that people at £35K p/a for example will be charged about £780 extra

gorrie · Post by **gorrie** » Thu Mar 22, 2007 8:50 am

NOOPS 160 wrote:I won't mind being £770.00 + per year better off............

Neither do I.... but he's dropped a bollock on the lower paid which I think is a very poor show.

I agree with the higher rate tax band being increased, as it has not been rising in line with salaries for years. Had he imposed a new 'super-rate' tax bracket of 45% (or maybe even 50%) for earnings over, say £125K, and left the 10% bracket for the less well off... the upshot would have been that the lower paid would have been no worse off, and the govt would have still been able to recoupe money from the individuals that don't mind blowing a grand on a casino night with the boys.

Post by ed » Thu Mar 22, 2007 10:04 am

The FT website has a handy tool for working out whether or not you will be better off!!

http://www.ft.com/indepth/budget2007/calculator

cheers Ed

Dicey · Post by **Dicey** » Thu Mar 22, 2007 11:15 am

What is the road tax on a 163g/km K series Elise Series 2? If I'd taxed my Series 1 yesterday I would've saved a fiver... up to £180 now.

Mike.

Rich H · Post by **Rich H** » Thu Mar 22, 2007 11:18 am

Overall I will save £48 a year as long as I give up drinking....

Scotty C · Post by **Scotty C** » Thu Mar 22, 2007 11:27 am

Why don't they get rid of car tax altogether, Put a MOT disc on you windscreen and then put 0.1p onto a liter of petrol/diesel?

Scotty C

Gareth · Post by **Gareth** » Thu Mar 22, 2007 11:31 am

How much is a years road tax for the Exige going to be now?

Titanium S1 111S (gla) · Post by **Titanium S1 111S (gla)** » Thu Mar 22, 2007 11:33 am

£142 better off - and I told the truth about drinking.

I need new tyres anyway so I guess Gordon is paying.

Or I might just spend it on Satanâ€™s urine (or petrol as the rest of us call it).

jamie · Post by **jamie** » Thu Mar 22, 2007 11:46 am

I got hit with the 3.5ltr V6

Post by **simon** » Thu Mar 22, 2007 1:07 pm

Scotty C wrote:Why don't they get rid of car tax altogether, Put a MOT disc on you windscreen and then put 0.1p onto a liter of petrol/diesel?

Because that approach makes sense and is fair so they can't possibly do that. Also, why do that when you can put road tax AND fuel tax up?

gorrie · Post by **gorrie** » Thu Mar 22, 2007 1:34 pm

What's the score with cars over 225G/km, that were registered prior to March 2006? The new G-Band is from 226G/km upwards, and my MG is 227!!... but it was registered in 2004. No idea what band that means it will be. If it's a G-Band, then I might have a good case with the wife to trade it in

My Elise 'just' sneaks in band E at 185G/km.

Post by **simon** » Thu Mar 22, 2007 1:41 pm

Dicey wrote:What is the road tax on a 163g/km K series Elise Series 2? If I'd taxed my Series 1 yesterday I would've saved a fiver... up to £180 now.

Mike.

£140 so up £15.

r055 · Post by **r055** » Fri Mar 23, 2007 11:45 am