labs decade of tax
Discussion
I see the leftie contingent on here has eagerly leapt to the defence of Brown.
The figures, now 4 years out of date, are enough to make a grown tax-payer weep.
Interesting spot about Fiscal Drag
Fiscal Drag • Gordon Brown, seeking to fill the monstrous Black Hole which he has created in the nation's finances, is adjusting tax bands relative to an inflation rate which has been massaged down rather than the rate of increase of earnings. As a result, 3 million of the 28 million taxpayers are paying the 40% rate, an increase of around 10% since Gordon Brown became Chancellor.
and, no wonder I'm f
king skint before my pay even gets to the bank
Income tax has doubled under New Labour due to Fiscal drag – Chancellor Brown's policy of not raising tax thresholds year by year. The amount of income tax for 2006/07 will reach 109% of the amount raised in 1996/97. [£145 billion compared to £69 billion
The figures, now 4 years out of date, are enough to make a grown tax-payer weep.
Interesting spot about Fiscal Drag
Fiscal Drag • Gordon Brown, seeking to fill the monstrous Black Hole which he has created in the nation's finances, is adjusting tax bands relative to an inflation rate which has been massaged down rather than the rate of increase of earnings. As a result, 3 million of the 28 million taxpayers are paying the 40% rate, an increase of around 10% since Gordon Brown became Chancellor.
and, no wonder I'm f
king skint before my pay even gets to the bankIncome tax has doubled under New Labour due to Fiscal drag – Chancellor Brown's policy of not raising tax thresholds year by year. The amount of income tax for 2006/07 will reach 109% of the amount raised in 1996/97. [£145 billion compared to £69 billion
Edited by Dunk76 on Thursday 12th November 22:43
Have you the wrong thread? Because I see nothing leftie in my request to know what's happened to all the money they have stolen from us over the last 10 years. I bet less than half of it has actually gone into the areas they have been collected for, the rest used to grease pockets for government contracts, failed or abandoned projects, consultancy costs, overpriced equipment and thousands of wasteful "trendy" projects. Which is why I would like to see an account of where it's all gone.
I know this has been posted on here before, I posted it.
But any thread concerning nulab and tax isn't complete without it.
I also know it's a few years out of date - things have got even worse - but it'll do.
Income Tax
£77 billion up to £125 billion
National Insurance
£45 billion up to £80 billion
Stamp Duty
£3.5 billion up to £10 billion
Inheritance Tax
£1.7 billion up to £3.0 billion
Capital Gains Tax
£1.4 billion up to £2.5 billion
Motoring Taxes
£33 billion up to £45 billion
Environmental Taxes
£25 billion up to £39 billion
Helped by this little lot, 101 stealth taxes on top
July 1997
01 • Mortgage Interest Tax Relief At Source (MIRAS) reduced from 15% to 10%
02 • Dividend Tax Credits for pension schemes abolished
03 • Income tax relief on health insurance abolished
04 • Insurance Premium Tax extended to some health insurance
05 • Road Fuel Tax escalator increased to 6%
06 • Vehicle Excise Duty increased
07 • Tobacco duty escalator increased to 5%
08 • Stamp Duty raised to 2%
09 • Carry back of Corporation Tax losses limited to 1 year
10 • Windfall tax on utilities
March 1998
11 • Tax relief for the married couple's allowance (MCA) cut to 10%
12 • Top rate of Insurance Premium Tax extended to travel insurance
13 • Exceptional increase in tobacco and alcohol duties
14 • Duties on casinos and gaming machines raised
15 • Road Fuel Tax escalator increase brought forward
16 • Tax on company cars increased
17 • Tax relief on foreign earnings abolished
18 • Tax concessions for certain professions abolished
19 • Capital gains tax imposed on certain non-residents
20 • Restriction of Capital Gains Tax relief on reinvestment
21 • Corporation tax payments on account brought forward
22 • Stamp duty increased again
23 • Certain hydrocarbon duties increased
24 • Additional diesel duties introduced
25 • Landfill Tax increased
26 • Double tax credits on certain dividends restricted
March 1999
27 • National Insurance Contributions earning limit raised
28 • NI Contributions for self-employed increased
29 • Tax relief of Married Couple's Allowance abolished
30 • MIRAS abolished
31 • Self-employed contractors to pay NI and income tax as if employees
32 • Company car business mileage discount limited
33 • Double escalator on tobacco duties
34 • Insurance Premium Tax increased to 5%
35 • Vocational training relief abolished
36 • Employer NI Contribution base broadened to include all benefits in kind
37 • VAT on some banking services increased
38 • Tax on reverse premiums paid to tenants by landlords introduced
39 • Duty on domestic fuel oils up
40 • Vehicle Excise Duty for lorries increased
41 • Landfill tax escalator introduced
42 • Stamp Duty rates raised again to 2.5/3.5%
March 2000
43 • Tobacco duties increased above inflation
44 • Stamp duty raised for 4th time, scope of duty extended
45 • Extra taxation of life assurance companies
46 • Rules on tax havens tightened up
47 • Company car taxes raised
2001
The Chancellor gives the exhausted nation a year off – no new stealth taxes!
April 2002
48 • Personal tax allowances frozen
49 • National Insurance threshold frozen
50 • NI Contributions for employers raised
51 • NI Contributions for employees raised [Class 1 up 1%]
52 • NI Contributions for self-employed raised
53 • North Sea taxation increased
54 • Duty on some alcoholic drinks raised
55 • Stamp duty thresholds frozen
56 • Tax relief on investment in film industy restricted
57 • Rules on corporate debt tightened
58 • Nil-rate threshold for inheritance tax raised by less than the rate of inflation
April 2003
59 • VAT imposed on electronically supplied services
60 • Domestic staff on £89/week to pay NI & income tax, employers to pay NI
61 • Betting duty increases
62 • Tax on red diesel and fuel oil increased
63 • Anti-tax haven rules tightened to cover more UK firms with Irish subsidiaries
64 • Vehicle excise duty raised
65 • Personal tax allowances frozen again
July, 2003
66 • £35 added to all fines and £3 added to the cost of a home insurance policy
September, 2003
67 • Price of petrol raised 7p per gallon (with the VAT)
October, 2003
68 • Up to 8 times increase in the stamp duty on leases for retail premises
69 • Airport Tax doubled
December, 2003
70 • 40% extra Council Tax on second homes was sneaked in while the Westminster Wonders were breaking up for their hols a whole week before Xmas.
Additional info : It has been pointed out that a number of councils gave an even bigger discount for second homes and the increase for some people can be 80%. Plus the usual 6-18% annual rise, depending on how bloated the council's operations have become.
Exemptions may be granted if the second home owner (1) has to live somewhere because of his/her employment, (2) the dwelling comes with the job, or (3) there are special threat/security reasons involved. All of which excuses apply to 10, Downing Street, the home of a certain Mr. Anthony B. Liar. (Thanks to M.K.)
January, 2004
71 • £60 per day fine for late submission of self-assessment income tax forms
72 • Traffic wardens to receive powers to impose fines for a whole bunch of offences to keep poor people off the roads. The offences will include parking more than 19 inches from the kerb (£100) and dithering by people who are lost over, and who don't know whether to make a turn or keep straight on
73 • A 'Victims Fund' surcharge fine on everyone who passes through the courts. £5 for speeding up to £30 for murder.
74 • Legal Aid for the middle classes abolished
February, 2004
75 • £40 per week charge to middle-class parents for formerly free nursery places
76 • £200 per year charge to middle-class parents for places on formerly free school buses
77 • £250 per hour charge from the fire brigade for non-fire-related call-outs, e.g. clearing up after road accidents and rescuing pussy cats from trees
March, 2004
78 • £550 tax rise (at standard rate) for people using a company van or people-carrier out of work time
79 • Council Tax will rise at least 7.4% next year (according to the Budget)
80 • The tax incentive for owner-operator small businesses to become companies abolished
81 • Tax on cross-border payments for goods and services between multi-divisional companies extended to transactions within the UK
82 • Tax on trusts up from 34% to 40%
83 • Duty on red diesel up 1p/litre above inflation (57% rise)
84 • Duty on liquefied petroleum gas (LPG) used as fuel up 1p/litre above inflation (45% rise)
85 • Personal allowances for taxpayers under 65 frozen
April 2004
86 • PEPs and ISAs containing shares lose their tax break on dividends and the annual ISA allowance cut by £2,000 to £5,000
87 • The 100% tax allowance for small businesses & self-employed on new computer/advanced telephone equipment cut to 50% for 2004/5 tax year
88 • Passports – in addition to costing twice as much as the present price of £42, the new 'biometric data' passports will be valid for half as long. They will have to be renewed every 5 years instead of every 10 years, which doubles the cost yet again.
89 • £100 per year 'lighthouse tax' on small boats over 8 metres long. Commerial shipping lines think they should pay £2.6 million per year towards the annual £73 million cost of maintaining lighthouses and navigational equipment.
May 2004
90 • Council Tax bills to rise a further £110 in the affected areas to pay for 'Two Jags' Prescott's regional assemblies
Also since then:
91 • 2004 Building on the success of the Vehicle Insurance Premium Tax which raises £105 million per year, the government is planning to extend the idea to accidents in the workplace. The government hopes to raise a further £150 million per year from insurance companies when people are treated in NHS hospitals after accidents at work.
92 • Business Rates September 2005 As a result of a revaluation of commercial premises, which the government promised would be 'revenue neutral', business rates will rise by 8% this year – 3 times inflation. Businesses, and their customers, will have to find £1,200,000,000 to throw into the Chancellor's Black Hole.
93 • Company Vehicle Taxes - these taxes have been raised by increasing charges on both cars and fuel, and also by reducing high-mileage discounts.
94 • Excise Duty, consistently raised above the rate of inflation on tobacco and alcohol, tax of fuel and fares.
95 • Fine taxes, more widespread use - everything from motoring offences such as hand held mobile phone use, anti-social behaviour, truancy and binge drinking is seen as a means of raising revenue by New Labour.
96 • Fiscal Drag Gordon Brown, seeking to fill the monstrous Black Hole which he has created in the nation's finances, is adjusting tax bands relative to an inflation rate which has been massaged down rather than the rate of increase of earnings. As a result, 3 million of the 28 million taxpayers are paying the 40% rate, an increase of around 10% since Gordon Brown became Chancellor. Fiscal drag includes Stamp Duty on property purchases, twice as many people are paying it as in 1997 (1,200,000 versus 607,000). Inheritance Tax is another growth area thanks to the government's failure to allow for rising house prices.
97 • Free Travel Tax • Gordon Brown announced free off-peak travel for people of 60 and older in the 2006 budget. But he failed to provide the cash to pay for the scheme, so Council Tax and/or fares had to go up to bridge the gap.
98 • Home Information Pack Tax - From 2007/06/01, New Labour require home owners to give prospective buyers details of their dwelling's structural condition, title deeds, energy-use efficiency, planning consent status (if applicable), e.g. for a conservatory, and details of guarantees for central heating, double glazing, etc. Reports for the packs will be compiled by 7,500 home inspectors, who will join New Labour's vast army of public servants with jobs that make them indebted to the Labour party.
99 • Home Information Packs will also attract VAT at the full rate of 17.5% on top of the £1,000 cost in line with New Labour's disgraceful policy of applying taxes on top of taxes.
100 • Childcare @ School Tax - New Labour wants all schools to stay open from 8 a.m. to 6 p.m. by 2010 to allow mothers to work. The scheme has to be self-financing, so as a consequence, schools will have to charge for all out-of-hours activities, e.g. outings, sports coaching, and dance and music classes.
101 • Air Passenger Duty a.k.a. Skyway Robbery, doubled from February 2007 in the pre-budget statement. This is a tax on travelling and nothing to do with saving the planet. The rates will be £10 for shorthaul flights rising to £80 for longhaul flights.
More cheerful reading:
Tax Burden Up 50 Percent Under Labour
But any thread concerning nulab and tax isn't complete without it.
I also know it's a few years out of date - things have got even worse - but it'll do.
Income Tax
£77 billion up to £125 billion
National Insurance
£45 billion up to £80 billion
Stamp Duty
£3.5 billion up to £10 billion
Inheritance Tax
£1.7 billion up to £3.0 billion
Capital Gains Tax
£1.4 billion up to £2.5 billion
Motoring Taxes
£33 billion up to £45 billion
Environmental Taxes
£25 billion up to £39 billion
Helped by this little lot, 101 stealth taxes on top
July 1997
01 • Mortgage Interest Tax Relief At Source (MIRAS) reduced from 15% to 10%
02 • Dividend Tax Credits for pension schemes abolished
03 • Income tax relief on health insurance abolished
04 • Insurance Premium Tax extended to some health insurance
05 • Road Fuel Tax escalator increased to 6%
06 • Vehicle Excise Duty increased
07 • Tobacco duty escalator increased to 5%
08 • Stamp Duty raised to 2%
09 • Carry back of Corporation Tax losses limited to 1 year
10 • Windfall tax on utilities
March 1998
11 • Tax relief for the married couple's allowance (MCA) cut to 10%
12 • Top rate of Insurance Premium Tax extended to travel insurance
13 • Exceptional increase in tobacco and alcohol duties
14 • Duties on casinos and gaming machines raised
15 • Road Fuel Tax escalator increase brought forward
16 • Tax on company cars increased
17 • Tax relief on foreign earnings abolished
18 • Tax concessions for certain professions abolished
19 • Capital gains tax imposed on certain non-residents
20 • Restriction of Capital Gains Tax relief on reinvestment
21 • Corporation tax payments on account brought forward
22 • Stamp duty increased again
23 • Certain hydrocarbon duties increased
24 • Additional diesel duties introduced
25 • Landfill Tax increased
26 • Double tax credits on certain dividends restricted
March 1999
27 • National Insurance Contributions earning limit raised
28 • NI Contributions for self-employed increased
29 • Tax relief of Married Couple's Allowance abolished
30 • MIRAS abolished
31 • Self-employed contractors to pay NI and income tax as if employees
32 • Company car business mileage discount limited
33 • Double escalator on tobacco duties
34 • Insurance Premium Tax increased to 5%
35 • Vocational training relief abolished
36 • Employer NI Contribution base broadened to include all benefits in kind
37 • VAT on some banking services increased
38 • Tax on reverse premiums paid to tenants by landlords introduced
39 • Duty on domestic fuel oils up
40 • Vehicle Excise Duty for lorries increased
41 • Landfill tax escalator introduced
42 • Stamp Duty rates raised again to 2.5/3.5%
March 2000
43 • Tobacco duties increased above inflation
44 • Stamp duty raised for 4th time, scope of duty extended
45 • Extra taxation of life assurance companies
46 • Rules on tax havens tightened up
47 • Company car taxes raised
2001
The Chancellor gives the exhausted nation a year off – no new stealth taxes!
April 2002
48 • Personal tax allowances frozen
49 • National Insurance threshold frozen
50 • NI Contributions for employers raised
51 • NI Contributions for employees raised [Class 1 up 1%]
52 • NI Contributions for self-employed raised
53 • North Sea taxation increased
54 • Duty on some alcoholic drinks raised
55 • Stamp duty thresholds frozen
56 • Tax relief on investment in film industy restricted
57 • Rules on corporate debt tightened
58 • Nil-rate threshold for inheritance tax raised by less than the rate of inflation
April 2003
59 • VAT imposed on electronically supplied services
60 • Domestic staff on £89/week to pay NI & income tax, employers to pay NI
61 • Betting duty increases
62 • Tax on red diesel and fuel oil increased
63 • Anti-tax haven rules tightened to cover more UK firms with Irish subsidiaries
64 • Vehicle excise duty raised
65 • Personal tax allowances frozen again
July, 2003
66 • £35 added to all fines and £3 added to the cost of a home insurance policy
September, 2003
67 • Price of petrol raised 7p per gallon (with the VAT)
October, 2003
68 • Up to 8 times increase in the stamp duty on leases for retail premises
69 • Airport Tax doubled
December, 2003
70 • 40% extra Council Tax on second homes was sneaked in while the Westminster Wonders were breaking up for their hols a whole week before Xmas.
Additional info : It has been pointed out that a number of councils gave an even bigger discount for second homes and the increase for some people can be 80%. Plus the usual 6-18% annual rise, depending on how bloated the council's operations have become.
Exemptions may be granted if the second home owner (1) has to live somewhere because of his/her employment, (2) the dwelling comes with the job, or (3) there are special threat/security reasons involved. All of which excuses apply to 10, Downing Street, the home of a certain Mr. Anthony B. Liar. (Thanks to M.K.)
January, 2004
71 • £60 per day fine for late submission of self-assessment income tax forms
72 • Traffic wardens to receive powers to impose fines for a whole bunch of offences to keep poor people off the roads. The offences will include parking more than 19 inches from the kerb (£100) and dithering by people who are lost over, and who don't know whether to make a turn or keep straight on
73 • A 'Victims Fund' surcharge fine on everyone who passes through the courts. £5 for speeding up to £30 for murder.
74 • Legal Aid for the middle classes abolished
February, 2004
75 • £40 per week charge to middle-class parents for formerly free nursery places
76 • £200 per year charge to middle-class parents for places on formerly free school buses
77 • £250 per hour charge from the fire brigade for non-fire-related call-outs, e.g. clearing up after road accidents and rescuing pussy cats from trees
March, 2004
78 • £550 tax rise (at standard rate) for people using a company van or people-carrier out of work time
79 • Council Tax will rise at least 7.4% next year (according to the Budget)
80 • The tax incentive for owner-operator small businesses to become companies abolished
81 • Tax on cross-border payments for goods and services between multi-divisional companies extended to transactions within the UK
82 • Tax on trusts up from 34% to 40%
83 • Duty on red diesel up 1p/litre above inflation (57% rise)
84 • Duty on liquefied petroleum gas (LPG) used as fuel up 1p/litre above inflation (45% rise)
85 • Personal allowances for taxpayers under 65 frozen
April 2004
86 • PEPs and ISAs containing shares lose their tax break on dividends and the annual ISA allowance cut by £2,000 to £5,000
87 • The 100% tax allowance for small businesses & self-employed on new computer/advanced telephone equipment cut to 50% for 2004/5 tax year
88 • Passports – in addition to costing twice as much as the present price of £42, the new 'biometric data' passports will be valid for half as long. They will have to be renewed every 5 years instead of every 10 years, which doubles the cost yet again.
89 • £100 per year 'lighthouse tax' on small boats over 8 metres long. Commerial shipping lines think they should pay £2.6 million per year towards the annual £73 million cost of maintaining lighthouses and navigational equipment.
May 2004
90 • Council Tax bills to rise a further £110 in the affected areas to pay for 'Two Jags' Prescott's regional assemblies
Also since then:
91 • 2004 Building on the success of the Vehicle Insurance Premium Tax which raises £105 million per year, the government is planning to extend the idea to accidents in the workplace. The government hopes to raise a further £150 million per year from insurance companies when people are treated in NHS hospitals after accidents at work.
92 • Business Rates September 2005 As a result of a revaluation of commercial premises, which the government promised would be 'revenue neutral', business rates will rise by 8% this year – 3 times inflation. Businesses, and their customers, will have to find £1,200,000,000 to throw into the Chancellor's Black Hole.
93 • Company Vehicle Taxes - these taxes have been raised by increasing charges on both cars and fuel, and also by reducing high-mileage discounts.
94 • Excise Duty, consistently raised above the rate of inflation on tobacco and alcohol, tax of fuel and fares.
95 • Fine taxes, more widespread use - everything from motoring offences such as hand held mobile phone use, anti-social behaviour, truancy and binge drinking is seen as a means of raising revenue by New Labour.
96 • Fiscal Drag Gordon Brown, seeking to fill the monstrous Black Hole which he has created in the nation's finances, is adjusting tax bands relative to an inflation rate which has been massaged down rather than the rate of increase of earnings. As a result, 3 million of the 28 million taxpayers are paying the 40% rate, an increase of around 10% since Gordon Brown became Chancellor. Fiscal drag includes Stamp Duty on property purchases, twice as many people are paying it as in 1997 (1,200,000 versus 607,000). Inheritance Tax is another growth area thanks to the government's failure to allow for rising house prices.
97 • Free Travel Tax • Gordon Brown announced free off-peak travel for people of 60 and older in the 2006 budget. But he failed to provide the cash to pay for the scheme, so Council Tax and/or fares had to go up to bridge the gap.
98 • Home Information Pack Tax - From 2007/06/01, New Labour require home owners to give prospective buyers details of their dwelling's structural condition, title deeds, energy-use efficiency, planning consent status (if applicable), e.g. for a conservatory, and details of guarantees for central heating, double glazing, etc. Reports for the packs will be compiled by 7,500 home inspectors, who will join New Labour's vast army of public servants with jobs that make them indebted to the Labour party.
99 • Home Information Packs will also attract VAT at the full rate of 17.5% on top of the £1,000 cost in line with New Labour's disgraceful policy of applying taxes on top of taxes.
100 • Childcare @ School Tax - New Labour wants all schools to stay open from 8 a.m. to 6 p.m. by 2010 to allow mothers to work. The scheme has to be self-financing, so as a consequence, schools will have to charge for all out-of-hours activities, e.g. outings, sports coaching, and dance and music classes.
101 • Air Passenger Duty a.k.a. Skyway Robbery, doubled from February 2007 in the pre-budget statement. This is a tax on travelling and nothing to do with saving the planet. The rates will be £10 for shorthaul flights rising to £80 for longhaul flights.
More cheerful reading:
Tax Burden Up 50 Percent Under Labour
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