So it seems the budget in the UK, as ever, has gone down like a lead balloon. I can't imagine Osborne envisaged the Daily Mail running the Granny Tax story front page two days running.
Truth of it is, looking at it from outside of the country, more needs to be done to keep higher earners in the UK and not force them out with a 50% higher rate tax. Percentage revenues may be higher, but there will be less of them staying so GBP revenue will fall. Whilst I don't see a stream of expats wanting to get back to the UK as higher rate tax is 'only' 45% it will tip the scales for a few.
QROPS clarification is probably a good thing. At least if the government spends more time looking at it there will be a greater understanding and more transparency forced into schemes.
Personally I would have liked to have seen some easing on petrol pricing to further help businesses get going again, but the reduction in corporation tax will be a big help.
Mark Paine
Meyado
www.meyado.com.sg
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment