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Archive for the ‘UK taxes’ Category

Ignatieff: Liberal government would cancel jet deal

A Liberal government would cancel the $16 billion contract to purchase new stealth fighter jets and open the process to replace Canada’s aging CF-18s to multiple bids, Michael Ignatieff announced Wednesday.

You don’t have to pay Federal Income Tax?

Question: (UK) If you generate income online via ad revenue do you need to claim tax on it?

If so, how much do you need to earn in order for it to become taxable income?

Answer: All income has to be declared to HMRC. However, you have an annual tax allowance (probably £6,475). If your total earnings from all sources are less than this, you won’t have to pay any tax.

UK Politician Ed Balls Calls Lack Of Game Industry Support ‘Madness’

UK Labour party leadership candidate Ed Balls called out UK game industry tax break opponents on Friday, saying in a blog post that the government should “rethink axed support for video games industry.” His comments come days after Dundee, Scotland-based APB and Crackdown developer Realtime Worlds went into administration, costing hundreds of area jobs. “The Tory-Lib Dem government is putting …

Property Tax Returns – Property Tax Online

Question: UKIP proposes flat rate income tax of 33%, what do you think?

UKIP propose to combine income tax and National Insurance in to a single flat rate tax of 33%.

Would you agree if everyone in the UK paid 33% tax on their income? However, they’ll increase the tax free personal allowance to £9,000.

They claim it’ll mean 4.5 million lower paid people will pay no tax at all.

Will this be a good for most people?

http://www.ukip.org/media/pdf/ukipflattaxpolicy.pdf

http://en.wikipedia.org/wiki/United_Kingdom_Independence_Party

Answer: Sounds good on the surface; scratch a little and you’ll find it’s nowhere near as fair as a quick glance suggests. I won”t bother saying why; other people have more than adequately pointed that out.

I would suggest the Norwegian model. No income tax, but absolutely everything you buy has a higher level of vat. This is good for one very, very simple reason.

Everyone contributes. That’s including the rich b@stards who have their bank accounts in Switzerland and criminals who pay nothing anyway. They’ve all got to eat. They’ve all got to buy clothes…. so everyone, even the crooks who spend half their time working out how not to contribute at all, pays to run the country. If affects everyone exactly the same way. Even the unemployed, who still need to eat.

I’ve been told on numerous occasions that ‘that wouldn’t work here.’ What no one has ever satisfactorily explained, however, is this.

Why not?

Andrew Peller Limited Announces Strong First Quarter Fiscal 2011 Results

GRIMSBY, ONTARIO– -

Contractor Pensions

Practical issue: Distributable profits

It goes without saying that a company’s primary aim is to make profits. However, in the UK there is another consideration if a company wishes to transfer benefits to its shareholders – are those profits distributable?

Tax Refund UK Earn Thousands Of Pounds Free

Question: Am i eligible for UK tax return?

I have started earning beginning of november 2008 and leaving on beginning of may 2009.
it’s my first job here

Answer: It all depends. Was this your first job in the u k and if so, where have you come from?

Mass leak of large client data rattles Swiss banking world

The anonymous emails carried a tantalising subject line: “Tax evasion: client list available.” The messages, sent two years ago to tax authorities across Europe, made an audacious claim: The sender could provide a large client list of a Swiss-based private bank, plus access to its computer systems.

Income tax return : Why complete an income tax return?