TAX

Discussion in 'Bulletin Board' started by Juddy G, Dec 12, 2018.

  1. Jud

    Juddy G Well-Known Member

    Joined:
    Nov 18, 2014
    Messages:
    3,102
    Likes Received:
    2,238
    Trophy Points:
    113
    Occupation:
    Watter man
    Style:
    Barnsley (full width)
    While having a conversation last night TAX was mentioned and it got me thinking, when we went into recession tax went from 17.5% to 20% ( for those not in 40% bracket), was there ever a time when it would revert or did the government shaft us (again) forever ?
     
  2. Con

    Conan Troutman Well-Known Member

    Joined:
    Aug 16, 2011
    Messages:
    17,469
    Likes Received:
    2,694
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Professional Football Fan
    Location:
    Tarn
    Style:
    Barnsley (full width)
    That was VAT.
     
  3. Red

    Red CB Well-Known Member

    Joined:
    Mar 20, 2017
    Messages:
    6,666
    Likes Received:
    7,971
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    retired
    Location:
    hoyland common
    Style:
    Barnsley (full width)
    You are right Conan that was VAT , but I think in my time , income tax has been as high as 33% in the late seventies & has gradually been reduced to 20% , that is base rate , I"m not sure bout the higher rates , I"ve never paid them !
     
  4. Con

    Conan Troutman Well-Known Member

    Joined:
    Aug 16, 2011
    Messages:
    17,469
    Likes Received:
    2,694
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Professional Football Fan
    Location:
    Tarn
    Style:
    Barnsley (full width)
    The threshold before paying tax seems to increase every year under a T**y government so we keep seeing a small increase in our net. This will happen again from April 2019. I would rather do without and see this money invested in public services.

    On the flip side, I work in the public sector and the pay rise they have offered us is....................0.0%.
     
  5. Dan

    DannyWilsonLovechild Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    14,163
    Likes Received:
    17,210
    Trophy Points:
    113
    Style:
    Barnsley
    This is what jars with me. There are very very few people I know who are getting anything like the 3.3% annual wage growth we're supposedly experiencing at present. If that's relatively true in lower and middle earning roles, there has to be some serious increases in the top earners, but many of the big earners in businesses I work with, pay rounds are being frozen or delayed to understand what the future landscape looks like. There are many more redundancies and natural unreplaced attrition than there is recruitment pushes. But that's just what i'm seeing in a 100-150 companies loosely.
     
    Kettlewell likes this.
  6. Red

    Red CB Well-Known Member

    Joined:
    Mar 20, 2017
    Messages:
    6,666
    Likes Received:
    7,971
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    retired
    Location:
    hoyland common
    Style:
    Barnsley (full width)
    Its never in the working mans favour , in the late seventies when I had a young family , income tax was around 33 % & my mortgage payments were at 10 % . I sympathise with you in the public sector , I have also worked in that group & unfortunately its a group which have regularly had the short straw .
     
  7. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

    Joined:
    Jul 18, 2005
    Messages:
    33,657
    Likes Received:
    22,830
    Trophy Points:
    113
    Location:
    Farnham
    Style:
    Barnsley
    Well its not me I havent had a pay rise in 4 years and am not getting one this year - whats the 3.3% based on is an average salary increase across the board - in which case some people get automatic rises with promotions etc the minium wage went up a bit etc or is it year on year for the same job
     
  8. Dan

    DannyWilsonLovechild Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    14,163
    Likes Received:
    17,210
    Trophy Points:
    113
    Style:
    Barnsley
    I'm highly sceptical about official statistics because they are sampled and can miss huge parts of the economy. I know the chambers of commerce tried surveying its members periodically, but the measures were dreadful and highly skewed, not to mention biased and subjective.

    The job data, I fundamentally don't buy, but the pay data, yes, it's just not what I'm sensing.
     
  9. Con

    Conan Troutman Well-Known Member

    Joined:
    Aug 16, 2011
    Messages:
    17,469
    Likes Received:
    2,694
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Professional Football Fan
    Location:
    Tarn
    Style:
    Barnsley (full width)
    In terms of the public sector I think nurses and possibly teachers were offered 2.5% which is the highest. My mate works for the CPS and theirs is still with the Union (as is ours). I am not aware of anyone in either sector who has been offered anything like 3.3% without actually being promoted or getting a new job.
     
    Austiniho likes this.
  10. dek

    dekparker Well-Known Member

    Joined:
    Aug 20, 2011
    Messages:
    4,721
    Likes Received:
    728
    Trophy Points:
    113
    Occupation:
    HGV Driver
    Location:
    dosco 3's
    Style:
    Barnsley (full width)
    VAT actually went from 17.5% down to 15% before going up again to 20%
     
  11. Con

    Conan Troutman Well-Known Member

    Joined:
    Aug 16, 2011
    Messages:
    17,469
    Likes Received:
    2,694
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Professional Football Fan
    Location:
    Tarn
    Style:
    Barnsley (full width)
    There are some advantages of being in the public sector, but workloads and pay rises are not two of them!
     
    Red CB, JamDrop and TitusMagee like this.
  12. Con

    Conan Troutman Well-Known Member

    Joined:
    Aug 16, 2011
    Messages:
    17,469
    Likes Received:
    2,694
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Professional Football Fan
    Location:
    Tarn
    Style:
    Barnsley (full width)
    Yes. It was an attempt to encourage consumer spending.
     
  13. ATY

    ATYKE1 Well-Known Member

    Joined:
    Nov 9, 2008
    Messages:
    3,208
    Likes Received:
    3,633
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    I own a small business and I am fairly certain that our turnover will go down next year - i’ll be expected to give my staff a pay rise because but that will have to come with a pay cut for me.
    Just saying.
     
  14. Tarntyke

    Tarntyke Well-Known Member

    Joined:
    Jul 29, 2005
    Messages:
    13,776
    Likes Received:
    11,614
    Trophy Points:
    113
    Location:
    Stairfoot, b4 famous rahnderbart
    Style:
    Barnsley (full width)
    Don’t forget the downgrading of pensions. Pensions and job security are 2 main reasons why I left the private sector for the public sector. That went well didn’t it. Oh, and I took a drop in salary as well.
     

Share This Page