Imposta sul reddito che inizia a rimanere indietro rispetto alle previsioni di OBR
di CoolVehicle3880
Imposta sul reddito che inizia a rimanere indietro rispetto alle previsioni di OBR
di CoolVehicle3880
21 commenti
First it was a £20bn black hole, then it was a £40bn black hole, can’t wait till we get to £100bn…
If you want to read more than just the headline.
>“PAYE income tax and NICs cash receipts were £36.6 billion in June, £0.2 billion (0.4 per cent) below forecast, and £3.5 billion (10.7 per cent) above last year. The year-on-year comparison is being boosted by the rate and threshold changes to employer NICs. Receipts of employer NICs were up 23.8 per cent in June from a year earlier. For the year to date, PAYE income tax and NICs receipts are £0.6 billion (0.5 per cent) above forecast.”
IR35 crushed all the self employed and now we all earn less as corporate slaves.
Could this be because more people are falling into the 100K tax trap and just hiding their money in a pension?
Oh would you look at that, more narrative to justify more tax increases on working people they promised they’d never do.
Read the article dillholes.
Tax revenue was 10.7% higher than last year, they just overestimated the growth. It hasn’t gone down…
This would include me.
Went down to 4 days a week in Feb.
Only 16% pay cut for 50% longer weekend.
Fuck paying tax to this (or any really) government.
If my 5th day was still in the 28% tax bracket then maybe I wouldn’t …
Spelling mistake “treds” rather than trends. This blog is the posters
The higher it gets, the more people opt out. The more people opt out, the higher you have to charge the remaining ones…
So in short OBR forecasting is really good and we should be thankful, even when forecasting new taxes they are surprisingly accurate.
As someone who is a bit clueless economics wise I wonder what will happen when the bubble bursts for example house prices can’t keep increasing can they? And stagnating wages etc
Can we just wipe the government deficit away, they’re literally the government
Get a better source than a professional tax dodger!
Feels like Labour raises taxes and those who actually pay taxes leave, resulting in less taxes collected.
What fucking genuises we have.
I am contributing to this, until cliff edges in the tax system are fixed every £x will go into pension so I don’t lose access to certain child benefits.
Funny, I didn’t see a headline in April when it was above the forecast?
Surely if the Government simplified tax law, withdrew loopholes used by accountants to reduce tax liabilities for their clients it would bring in a great deal of revenue.
This month by month analysis is so tedious. Monthly forecasts being off by half a percent is not news. A systemic problem would only reveal itself over a much longer period. I work in data science and this is just clickbait.
£22 bn black hole, filled up with £40 bn of tax rises in 2024, now there’s a £50 bn black hole – so they’ve managed to blow £68 bn in less than a year. Not quite Truss economics, but getting there.
You pay more tax than ever before for less services than ever before.
Going bankrupt due to British mugs paying for hotels