I know you won’t read this @elonmusk but the Model 3 I picked up in the U.K. yesterday has to be the single best thing I’ve ever bought in my life.
Top man.... @Tesla
If you are feeling poorer since Labour gained power. This is why..
Employer National Insurance increased from 13.8% to 15%.
• The employer NI threshold cut from £9,100 to £5,000.
• Income Tax and National Insurance thresholds frozen until 2031.
• Capital Gains Tax increased from 10% and 20% to 18% and 24%.
• Business Asset Disposal Relief increased from 10% to 14%, then 18%.
• Investors Relief increased and its lifetime allowance cut from £10 million to £1 million.
• Carried interest taxation increased and moved towards the Income Tax regime.
• Dividend tax rates increased by two percentage points.
• Savings income tax rates increased by two percentage points.
• Property income tax rates increased by two percentage points.
• Most unused pension funds brought into the Inheritance Tax net.
• Agricultural Property Relief restricted.
• Business Property Relief restricted.
• Inheritance Tax thresholds frozen for longer.
• The non-dom regime replaced with a more extensive residence based system.
• VAT imposed on private school fees.
• Business rates relief removed from private schools.
• Stamp Duty increased on second homes and buy to let properties.
• The Furnished Holiday Lettings tax regime abolished.
• Pension salary sacrifice benefits capped at £2,000 before National Insurance applies.
• The Cash ISA allowance cut to £12,000 for most under 65s.
• A 22% charge introduced on interest from cash held inside non cash ISAs.
• Restrictions introduced on transfers and cash like holdings within ISAs.
• The Energy Profits Levy increased and extended.
• Investment allowances for oil and gas producers reduced.
• A new Vaping Products Duty introduced.
• Tobacco duties increased above inflation.
• Vehicle Excise Duty increased for many new cars.
• Electric vehicles brought into the Vehicle Excise Duty system.
• A new mileage tax announced for electric and plug in hybrid cars.
• Air Passenger Duty increased.
• Climate Change Levy rates increased.
• Plastic Packaging Tax increased.
• A new Carbon Border Adjustment Mechanism introduced.
• Making Tax Digital extended to more landlords and self employed people.
@DrAsifQasim Sir Jim Ratcliffe:
- has paid multi-millions in personal tax
- has employed tens of thousands of people
- has created wealth for thousands of families
- has paid multi-millions in corporate tax
- has employed 100's of suppliers who employ 000's of staff
- fed up of being bled dry
@JeremyClarkson Hope you were watching the BMW PGA golf!
You have a massive fan in @JJSpaun!
He just won the competition and name checked you so you owe that man a Hawkstone, Jeremy!
@EdwardTHardy@IvanEyedeah Yep. Excessive taxes (and unreasonable inflexibility over a VAT dispute) imposed by yet another of your Labour Governments.
Thanks for reminding us that Labour always drives business, and the tax revenues they generate, overseas.
Quite the record.
@EdwardTHardy A successful British businessman can express his opinion whenever, and from wherever, he wishes.
After all, he understands business and the economy better than any single one of the idiots in Government.
@DavidPintoD@griffitha 'Supporting business' by increasing NI and the threshold at which it is paid?
Creating an environment where there are 100's more applicants than there are jobs?
Tax rates inexorably climbing?
Classic Labour. Eternal tax and lies.
@tonyannett Every opponent of inheritance tax simply hates being bled dry by a Labour Government who simply wants to spaff it up a wall without once earning or deserving it.
People are sick of it, and we're sick of you.
@XelenX1 If I work hard, do well, save my money to give myself peace of mind that my family will be financially secure, why the hell should a bunch of leftists, who did precisely nothing to help me, take a chunk of it away?
Classic Labour. I want what others have, but without the effort.