Brexit......what are the likely implications on UK and European boating?

[Poignard]

OK parsifal here's an idea for you. Go through your pensions and investments and find those companies that you own a piece of and decide if any of them are not paying their 'fair share' of tax. Then calculate the proportion of that tax shortfall attributable to the number of shares you own and send a cheque to HMRC for the same amount. I'm sure HMRC will be delighted and you will sleep better at night

Not a very practical idea, I'm afraid! I have rather a lot of shares. But anyway, if the shyster accountants can hide what they are up to from the tax authorities, what chance would a mere layman have of finding anything?

However, if the MDs any of the companies I have shares in wrote saying: "We have been enjoying the benefits of operating our business in the UK but we have not been paying our share of the costs of running the country. We are going to do so in future but this may mean a reduction in dividends.". ​

I would not mind at all.

 

[henryf]

So who one here works in Osborne's office then

I haven't listened to to the budget in full and don't profess to understand the subtleties of what has been proposed but in essence my concerns as a UK small business owner seem to have been addressed.

I'm sure someone will come along telling me its smoke and mirrors but it does seem a positive answer to many of my gripes on here and we haven't left Europe

Henry

 

[Deleted User YDKXO]

I'm sure someone will come along telling me its smoke and mirrors but it does seem a positive answer to many of my gripes on here and we haven't left Europe

There's only one thing you can be sure of with an Osborne (or indeed, Brown) budget and that is that the vote winning headline stuff will be trumpeted up front and the nasty money grabbing stuff will be buried deep in the small print. Its always best to leave it a couple of days to allow the experts to trawl through the small print with their microscopes before deciding whether a budget is good for you or not

 

[Cheery]

He's handed you a fiver while his mate nicks your wallet out of your back pocket.

'twas ever thus.

 

[henryf]

There's only one thing you can be sure of with an Osborne (or indeed, Brown) budget and that is that the vote winning headline stuff will be trumpeted up front and the nasty money grabbing stuff will be buried deep in the small print. Its always best to leave it a couple of days to allow the experts to trawl through the small print with their microscopes before deciding whether a budget is good for you or not

I don't doubt you. Taken at face value though as a small business owner it seems very much in my favour. As a commercial landlord it is also positive both from a cost of purchase and a cost to the tenant perspective.

I was pleased to see the playing field levelled with things like VAT loopholes being closed. Anyone who has ever bought camera equipment online will have seen blatant VAT evasion at work. I'm sure there will still be plenty of ways for Google and their like to get away with stuff but hopefully things are being tightened to put more money in the coffers.

17% corporation tax makes retaining money in the business to carry on growing easier and possibly dissuades evasion.

I came away with a positive feeling and having been quiet all day we did a lot of CCTV business in the afternoon !

I am still wrestling with the original topic.......


Henry