How much tax

[UKBob]

Its generally agreed that we pay too much tax, and that "our" money is then squandered rather than 'managed' by the government.

What are all the ways in which the government earns tax money from us.

1) Vat from all businesses
2) Corporation tax for businesses on money not spent :rolleyes:
3) Income tax on the money we actually earn
4) Tax on the same money we've saved in our banks
(anyone else care to take over, compiling the list)

[mybrainhurts]

Don't make me cry....

Bastid....

[Raffles]

National Insurance

[m1spw]

A much easier (well, shorter) question is what can you do with money that avoids tax?

[CraigAlsop]

Buy a submarine & eat Jaffa Cakes - they are VAT exempt!

[SS2.]

Stamp duty

>> Edited by SS2. on Monday 5th September 21:58

[Mrs Trackside]

CraigAlsop said:

Buy a submarine & eat Jaffa Cakes - they are VAT exempt!

Are jaffa cakes exempt? I thought they were a luxury food and therefore liable for tax? Or is it biscuits that are liable for tax as a luxury food?

[SS2.]

isn't it because Jaffa cakes are classed as a biscuit or such like and not a 'cake' ?

just checked - its the other way round !

>> Edited by SS2. on Monday 5th September 22:07

[srebbe64]

income tax
NI
employers NI
rates
business rates
inheritance tax
capital gains tax
corporation tax
stamp duty
vat
speed cameras
airport tax
road fund license

Then there's a special tax on: petrol, alcahol, cigarettes, etc...

[JonRB]

The new 2006 Self Assessment Tax form has been published and is hugely simplified over previous years. It goes as follows:

Form said:

1: How much money did you earn last year? £ ______. ____ 2: Send it to us.

(It's an oldie - I know)

[Eric Mc]

There is a similar thread on this topic from a few months back.

I pointed out a few more of the "hidden" taxes such as Excise Duties which are simply ENORMOUS.

What about "Tonnage Tax" and "North Sea Oli Levies" as well?

[x1m]

Manure Tax?

[Chrispy Porker]

VAT on childrens clothes. I know you're not meant to but when your son is 13 and 6'5 tall with size 15 feet, its a fact of life.
Why should one have to pay tax based one's size for Goodness sake??

[Mrs Trackside]

Landfill tax

[Chrispy Porker]

TV licence, payable whether you use it or not,oh and don't get me started on Council tax

[parrot of doom]

You're all forgetting the obvious one - tax on tax. Face it, you work and get paid - taxed. You buy something with that pay - taxed. You save it in an account - taxed. Pension - taxed. Insurance - taxed. Home - taxed. Car - taxed.

So basically, you're always working for the government.

[anhamgrimmar]

stupidity tax?

[8Pack]

WHAT!!!! Did no-one even mention - FUEL TAX!!!............?

[srebbe64]

One of my clients installs windows and doors for schools. He phoned me the other day, knowing my distaste for Government waste, to say his company has just completed a £100k school contract. The school in question is currently being demolished!

The only way I can keep sane from such stupidity, is that his wages/profits will now be spent by in the local shops. Thus the money rotates. However, he plans to go on one or two nice holidays, so Johnny Foreigner will be getting my hard earned Tax!

Oh well, better that than some work-shy British chav, who gets a buzz from keying my car!

[speedy_thrills]

CraigAlsop said:

Buy a submarine & eat Jaffa Cakes - they are VAT exempt!

So you have invented a 4 wheeled road legal submarine which runs on Jaffa cakes?

>> Edited by speedy_thrills on Tuesday 6th September 02:52