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Budget Financial Year 2024-25.


woolley

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Just now, woolley said:

Hope there isn't already a thread for this. Can't see one.

Any predictions or whispers yet?

Increased taxes for higher earners, NI thresholds raised so higher earners pay more, possibly new taxes on directors loans/dividends to stop avoiding NI/tax.

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It'll be stealth taxes to take advantage of all the pay rises including public sector.

No changes to tax bands therefore dragging more lower earners into high taxes.

No changes to NI rates (unlike the UK) and no changes to thresholds again dragging more from lower earners

No change to VAT threshold

Increase retirement age for those born 79 - 85 to 69 years and those born 86-93 to 70 years.

and a lot of blah blah about tough times and difficult choices, fiscal responsibility and trying to mitigate the cost of living crisis.

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I guess once again they will have to find a way of raising revenue without affecting the headline tax rates. I would assume that government fees and charges, for everything they can, will be significantly increased to keep the gravy train rolling.

One phrase you can bet your bottom dollar won't be used, is fiscal incompetence which should be the strapline to the budget !

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