Fairly easy tax grab which will raise very few complaints from the vast majority of the electorate.
Fundamentally I feel that is all it was and not a case of social justice to the renting population no matter how it was spun.
And yes I am a private landlord who just had an eye on a little retirement planning quite a number of years back as annuity rates tumbled, final salary schemes disappeared and an ever increasing state pension retirement date that continues to disappear off into the sunset.
It is what it is and its a case of put up, shut up or move on. Goal posts are moved and you just have to get on with it.
The same happened with the dividend tax allowance and those retirement planners with a portfolio held outside of ISA's. It takes quite a number of years to transfer over at £20k a pop.
Yet another example of unintentional consequences from those in central government and their ivory towers.
Not going political but if the Tories are hitting the middle masses like this, I dread to think what the other two so called major parties would do.
Sorry, I don't see what everyone is moaning about. All you have to do is pass the cost on to your customers.....
Yet another cost saving exercise (or revenue generating)passed on to the tax payer. I think that is purely the attitude they take under the circumstances.
Sorry, but this attitude is taken by the public sector across the board whilst the government continues to waste cash on a whole plethora of issues - HS2, the NHS, failing school academy's. Brexit.......
Then on top of that you get nice little snippets here and there like the £33m pay out to Eurotunnel and their law suit after not being invited to bid for the no deal scenario for Brexit and ferry's. Only to be given to an Irish firm with no capacity or ferry's.
Really..... totally inept
Yes to all of them bar the obligatory no to Question 4.
Reading that article brings it all home. All wrong imo.
Since SA started, it has been full 10-11 hour days every day, seven days a week post Boxing Day all the way until the end of January.
Ok the money is good but as each year passes that aspect falls more and more insignificant. Every year SA season seems to get less tolerable. The pointless constant chasing after those perennial 'leave it to the last minute' clients, a cull of which is way over due.
Just looking forward to February and hopefully a lovely spring and long summer before this all begins to ratchet up again late Autumn.
For all relevant 31 Jan deadline paperwork to be in before the big red man comes down the chimney dropping his off too before running off to Thailand for a three week holiday.
Limited company clients only always sound appealing this time of year. I know, the directors........
I know very little about 'Universal Credit' and benefits in general bar from the media hype. To see the working practicalities as highlighted by this example, just rams home the effective indirect taxation to those in most need brought on by the rise in personal allowances from this budget.
To me this is totally unjust and hitting those who can least afford it. The hardnosed out there would argue this would encourage those to work rather than receive benefits. However, there are of course many where this simply isn't an option.
This highlights the fact that those receiving the greatest benefit from this hand out are those with allegedly the broadest of shoulders.
I apologise if this sounds too political as it wasn't meant to be, merely acknowledging this practical application raised by the LITRG.
Many thanks to the LITRG.
Richards 1 is about right. I have heard this mooted several times.
It joins CGT, SDLT and IHT - basically the taxes on inflation caused by the government's mismanagement of the economy. Gordon Brown being the main culprit because he could see lots of money coming in that he could then dole out to the indigent to gain their votes.
May seems to be on the same ploy but it won't work for her because she is hitting her own power base.
Still a dose of Corbyn would see us like Russia with the Rich getting richer and the poor getting poorer and living in Soviet style apartment blocks that are very evident as you travel from the airport to Moscow. In Moscow, inside the garden ring, all is different. The Range Rovers, Porsches, Bentleys and Mercedes all have their bodyguards, many armed and the owners even have armed guards outside their hotel rooms sometimes.
Sounds to me like the devil and the deep blue
O Brave New World....
'All that was a party political broadcast by the Conservative Party........'
All within the same week as the local elections.
Anyhow, back to the OP, this all stinks of stats and nothing to do with simplification.
Basin trap in the office toilet appears to be frozen (sink backed up). The waste pipe from the sink sounds empty so that's where the money is on. Hot water is sitting in the basin and hopefully it will start to drop. Taking the trap off looks like a disaster as it has been on there years complete with some mastic. Happy days.
Easy money and another knife in the back of your everyday real world tax payer.
It is this attitude as each year passes (it gets worse as each year imo) that I've had serious thoughts of cashing in those chips (assets) and emigrating.
The real world Britain is getting squeezed so hard that I don't know how long it can last. The government take and take be it the tax payer or cut spending. It can't go on like this. What have we got for it in return?
More than happy to pay the tax (in what ever guises it comes in) but when you can't see it at the other end.
God help the country if we get an economic downturn
Totally agree with your post on all fronts.
And yes your last sentence sums it up very nicely.
Same old routine year in year out. Same lot bringing it in this time every year. The same lot saying I'll bring it in earlier next year.... Joe Public and you can't get away from it.
Of course you can ditch them and loose a bit of decent fee income. You could of course switch to companies and ditch sole traders/partnerships.
Being doing this since SA started and yes you try a different approach (carrot/stick) but the end result is the same.
I accept it and look at it positively thinking of all the months to do this, January has got the be the best. A 31 July deadline anyone?
Moan about it? Nope. It pays the bills.