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Just How Much Tax & Stealth Tax Do We Pay?

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I was moved to think about tax by another post saying that we only pay:-

22% income tax

11% national insurance (or supplementary income tax)

VAT 5% on fuel, 7.5 % on a few essentials and 17.5% on most of everything else we buy

Then I though about the other taxes

Employers National Insurance - I have to pay 12.3% for the staff I employ

Council Tax Private - always

Council Tax Business - always

Stamp Duty - if I move house

Inheritance Tax - when I die

Insurance Premium Tax - always on every policy, life, car, public liability, professional indemnity, income protection, critical illness, home contents, home buildings, business contents, business buildings, holiday

Car Tax x3

Motorbike Tax x1

Duty on fuel

Duty on my beer - lots

Duty on my wifes wine - even more

Duty on my cigarettes ( don't smoke but if I did)

Betting tax (don't bet but if I did)

Capital Gains Tax - if I sell my business

Airport tax - when I go on holiday (fat chance)

Pension fund tax - paid by the investment company who are trying to get me a pension

VAT on the duty on fuel, beer, wine etc. (tax on tax)

I we are left with 10p in the £1 we'll be lucky

Can you think of any I have missed?

CS

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I was moved to think about tax by another post saying that we only pay:-

22% income tax

11% national insurance (or supplementary income tax)

VAT 5% on fuel, 7.5 % on a few essentials and 17.5% on most of everything else we buy

Then I though about the other taxes

Employers National Insurance - I have to pay 12.3% for the staff I employ

Council Tax Private - always

Council Tax Business - always

Stamp Duty - if I move house

Inheritance Tax - when I die

Insurance Premium Tax - always on every policy, life, car, public liability, professional indemnity, income protection, critical illness, home contents, home buildings, business contents, business buildings, holiday

Car Tax x3

Motorbike Tax x1

Duty on fuel

Duty on my beer - lots

Duty on my wifes wine - even more

Duty on my cigarettes ( don't smoke but if I did)

Betting tax (don't bet but if I did)

Capital Gains Tax - if I sell my business

Airport tax - when I go on holiday (fat chance)

Pension fund tax - paid by the investment company who are trying to get me a pension

VAT on the duty on fuel, beer, wine etc. (tax on tax)

I we are left with 10p in the £1 we'll be lucky

Can you think of any I have missed?

CS

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I was moved to think about tax by another post saying that we only pay:-

22% income tax

11% national insurance (or supplementary income tax)

VAT 5% on fuel, 7.5 % on a few essentials and 17.5% on most of everything else we buy

Then I though about the other taxes

Employers National Insurance - I have to pay 12.3% for the staff I employ

Council Tax Private - always

Council Tax Business - always

Stamp Duty - if I move house

Inheritance Tax - when I die

Insurance Premium Tax - always on every policy, life, car, public liability, professional indemnity, income protection, critical illness, home contents, home buildings, business contents, business buildings, holiday

Car Tax x3

Motorbike Tax x1

Duty on fuel

Duty on my beer - lots

Duty on my wifes wine - even more

Duty on my cigarettes ( don't smoke but if I did)

Betting tax (don't bet but if I did)

Capital Gains Tax - if I sell my business

Airport tax - when I go on holiday (fat chance)

Pension fund tax - paid by the investment company who are trying to get me a pension

VAT on the duty on fuel, beer, wine etc. (tax on tax)

I we are left with 10p in the £1 we'll be lucky

Can you think of any I have missed?

CS

parking and fines

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The 10% betting tax went a few years ago "to enable bookies to compete with the lottery" I think.

Smoking and drinking taxes are voluntary...

As for speed cameras, if you don't want to pay for them, don't speed. Simple as. Sad boy racers with their foot on the floor leave as many people in wheelchairs as drunks - I'd have speed cameras on every road.

....awaits the first trout to rise....

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Massive rises in the costs of documents such as driving licences, passports, registering births & deaths, local authority property searches, etc "in order to cover the costs" (hang on, I though they were already covered by all the income tax I pay...?).

Appearance of car parking permits in London, and their subsequent massive inflation.

Ever more begging letters from schools, colleges, universities, to cover the funding shortfall from the authorities.

Vast increase in the number of permits required by business just to operate, each of which has to be paid for.

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Cornwall Sceptic

Stealth tax is one side of the problem. Removal of services by stealth is the other.

E.G.

Closure of local police stations

Rising school class sizes

Removal of free orothondic treatment for children

Closure of NHS dentists

Removal of rail subsidies (we now have the most expensive trains in the world)

Companies obliged to administer tax credit payments.

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Guest Guy_Montag

I was moved to think about tax by another post saying that we only pay:-

22% income tax

11% national insurance (or supplementary income tax)

VAT 5% on fuel, 7.5 % on a few essentials and 17.5% on most of everything else we buy

Then I though about the other taxes

Employers National Insurance - I have to pay 12.3% for the staff I employ

Council Tax Private - always

Council Tax Business - always

Stamp Duty - if I move house

Inheritance Tax - when I die

Insurance Premium Tax - always on every policy, life, car, public liability, professional indemnity, income protection, critical illness, home contents, home buildings, business contents, business buildings, holiday

Car Tax x3

Motorbike Tax x1

Duty on fuel

Duty on my beer - lots

Duty on my wifes wine - even more

Duty on my cigarettes ( don't smoke but if I did)

Betting tax (don't bet but if I did)

Capital Gains Tax - if I sell my business

Airport tax - when I go on holiday (fat chance)

Pension fund tax - paid by the investment company who are trying to get me a pension

VAT on the duty on fuel, beer, wine etc. (tax on tax)

I we are left with 10p in the £1 we'll be lucky

Can you think of any I have missed?

CS

University fees - but of course they will only be paid back by people who stay in the UK when the graduate.

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Guest pioneer31

University fees - but of course they will only be paid back by people who stay in the UK when the graduate.

and don't forget, ALL graduates earn VAST amounts of money, so they can pay it all back in no time :rolleyes:

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As for speed cameras, if you don't want to pay for them, don't speed.

But if they're not making money from the camera, they'll reduce the speed limit until they are.

How absurdly low do limits have to go before people finally admit that 'speeding' isn't the problem, it's driving faster than the safe speed for the road and conditions that's the problem, and that's very, very rarely the same speed that's printed on a piece of metal at the side of the road and something no camera can enforce?

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Fiscal drag - when the threshold of a tax is not increased in line with inflation. I think this is the stealthest of taxes. Not too long ago, the top rate tax band (40%) and inheritance tax are in the domains of top earners and well off. Thanks to Fiscal drag, top rate tax and inheritance tax (what is the price of a house in London?) has now reached middle england.

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Here's just a few from this website: http://myweb.tiscali.co.uk/garbagegate/item2/stealth.htm

There are many more listed than I have copied and pasted!

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

---------------------

HD

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Here's just a few from this website: http://myweb.tiscali.co.uk/garbagegate/item2/stealth.htm

There are many more listed than I have copied and pasted!

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

---------------------

HD

Thanks HD

I'm beginning to get depressed now

CS

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IR35 for IT contractors

what next, tax on tax ?

who ever votes for labour is a traitor to the UK

We already pay tax on tax on tax.

Earn some money. Pay income tax.

Buy some beer. Pay duty on the beer, then pay VAT on top.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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