Paul Adams

Father to Ben The Twenty something, Accountant, Cricket Coach, and many other roles. All views my own

[Paul Adams @PBranstonAdams]

Thank you all - that all from me for now. Updates will be in "the newsletter" and on the website. Keep well and saty safe. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

@birty4306 @BranstonAdams I agree - that those who abuse the system should not to rewarded with benefit. Hopefully there will be the neceassy reforms in the fullness of time.

[Paul Adams @PBranstonAdams]

The freeze on tax thresholds means that by the time we get to 2031, tax thresholds will have been frozen for nearly a decade #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Salary Sacrifice: Capped at £2,000 from 2029; amounts over this will incur National Insurance, apparently raising £4.7bn in tax - surely individuals and busiensses will renegotiate contracts #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

@birty4306 @BranstonAdams I fear that there is an agenda to win votes at the heart of what you refer to as "willingly to people who choose not to contribute by working"

[Paul Adams @PBranstonAdams]

And she is done - commended the budget to the house - #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Gambling taxes reformed-
- remote gaming duty to rise from 21% to 40%.
- duty on online betting rising from 15% to 25%.
#farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

@markrobsonndp is that anywhere near enough help?

[Paul Adams @PBranstonAdams]

Supporting Pubs with "greater freedoms" permanently lower business rates - #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Income tax rates on dividends will rise to 10.75% for basic rate taxpayers and 35.75% for those paying the higher rate. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Premium cars (Mecedes) excluded from Motability scheme - #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Class 2 abolished for people living abroad - leading to limiting those peoples access to state pension. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

New powers for HMRC to pursue the promoters of tax avoidance schemes - HMRC are looking at Corproation Tax and PAYE as this apparently where the bulk of the "tax gap" is perceived to be. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

The chancellor tells MPs she's putting money back into the hands of local and regional leaders with £13bn of flexible funding for seven mayors - the south east seems "left out".#farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

The Chancellor confirms that police and crime commissioners will be abolished #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

@Lorse72 @BranstonAdams Hopefully you have good planning in place for then and beyond.

[Paul Adams @PBranstonAdams]

ISA regime has just been made more complicated by limiting cash and having a different regime for over-65s. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Iread incresed spending with the removal of the two-child benefit cap - costing £3bn by 2029-30 - the OBR estimates this will increase benefits for 560,000 families by an average of £5,310. #farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

As I read it from April 2027, the Cash ISA annual allowance will be lowered to £12,000 (down from £20,000). However, individuals over 65s will continue to benefit from the £20,000 limit.#farnham @branstonadams #Budget2025 #farnhamaccountants

[Paul Adams @PBranstonAdams]

Reading through the report - Changes to taxation of gambling to raise - £1.1bn #farnham @branstonadams #Budget2025 #farnhamaccountants