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Alan Walters
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« on: March 12, 2008, 04:33:34 PM » |
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I am soooooo glad...........
that my car doesn't emit just 4g/km more or I'd be in real trouble!
Increases in child tax credit always welcome though!
Any big winners or losers here?
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Jinx
Jon Jenkins Ain't no fairy story Ain't no skin and bone But you give it all you got Weighing in at twenty stone
Global Moderator
Champion Member
Posts: 2033
Never forget Your Welsh!
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« Reply #1 on: March 12, 2008, 05:40:49 PM » |
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I drive a 14 year old car so it doesn't affect me so much! Don't drink that much either. Smoke like a F....ng Trooper though!  Jinx |
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Celynnen Photography
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Hero Member
Posts: 554
Flying the Flag, Baby!
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« Reply #2 on: March 12, 2008, 06:44:10 PM » |
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didn't hear it, but my car is new, I don't smoke, barely drink and don't have kids, so I often dodge quite a bit come budget time..
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Gareth Williams
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Posts: 3374
Gareth Williams LSWPP
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« Reply #3 on: March 14, 2008, 01:02:51 AM » |
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methinks
quit smoking - smoke too much and it get in my eyes a lot when using camera, does give some weird misty effects though
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William
Hotshot Member
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« Reply #4 on: March 14, 2008, 09:27:37 AM » |
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The other day, ITV news had a piece about increases in the cost of living over the past year - pretty well all the basic things like milk by 20% and eggs by 40%! How do they make inflation two point something percent?
Many people like to drown their sorrows, or smoke to cal their frazzled nerves and the rotters have hit that too!
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mike tucker
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Jr. Member
Posts: 58
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« Reply #5 on: March 14, 2008, 11:59:37 AM » |
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Changes in Capital Allowances Annual Investment Allowance 100% relief on the first £50,000 of capital expenditure (excluding cars and buildings).  Claire (Mikes partner) |
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Alan Walters
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« Reply #6 on: March 14, 2008, 12:01:47 PM » |
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I'm confused - let me re-read that - I thunk it was just for certain items
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« Last Edit: March 14, 2008, 12:03:51 PM by Alan Walters »
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mike tucker
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« Reply #7 on: March 14, 2008, 12:03:59 PM » |
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I can see a few D3 bodies being delivered then.........  Haha laughed out loud! Mike has kept on about getting a D3 and after April he tells me it will make soooo much sense  |
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Alan Walters
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« Reply #8 on: March 14, 2008, 12:11:23 PM » |
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Yeah I've just deleted that - the allowance in the general pool for existing items is actually being reduced,from 25% to 20%
Just going back for fine detail on the new allowance - isn't that the year after?
Hang on a minute - no it does say 08/09 - but the items are as yet "subject to consultation" and this conflict with the SME FYWDA 50% allowance being "extended for another 12 months"
Confused?
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« Last Edit: March 14, 2008, 12:15:56 PM by Alan Walters »
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mike tucker
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« Reply #9 on: March 14, 2008, 12:17:59 PM » |
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Still trying to find stuff on it also, it seems it was tucked away in 2007:
Capital Allowances: Plant and Machinery: Annual Investment Allowance (AIA)
Legislation will be included in Finance Bill 2008 to introduce a new AIA for the first £50,000 of a business’s expenditure on most plant and machinery each year. This forms part of the business tax reform package announced at Budget 2007.
On and after 1 April / 6 April 2008 most businesses, regardless of size, will be able to claim the new AIA on the first £50,000 spent on most plant or machinery assets subject to anti avoidance measures to deal with matters of control, related entities and artificial uses of the AIA.
Certain exceptions that apply to FYAs will continue to have effect for the purposes of the AIA. The main exception is expenditure on cars. However, unlike SME FYAs, the AIA will be available for expenditure on long-life assets and assets for leasing.
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Alan Walters
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« Reply #10 on: March 14, 2008, 12:25:50 PM » |
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So wholesalers / Calumet / Maple / ETC are in for a quiet month  |
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Jinx
Jon Jenkins Ain't no fairy story Ain't no skin and bone But you give it all you got Weighing in at twenty stone
Global Moderator
Champion Member
Posts: 2033
Never forget Your Welsh!
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« Reply #11 on: March 14, 2008, 05:30:29 PM » |
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Can we go back to speaking english on this forum?
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BillyH
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« Reply #12 on: March 14, 2008, 05:59:35 PM » |
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Just what i was thinking  EH! |
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mike tucker
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Jr. Member
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« Reply #13 on: March 14, 2008, 06:28:08 PM » |
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Can we go back to speaking english on this forum?
Spend £3k on a camera 07/08 tax year = claim £1500 against tax. Spend £3k on a camera 08/09 tax year = claim £3k against tax.  (as far as I can see) Claire |
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« Last Edit: March 14, 2008, 06:32:16 PM by mike tucker »
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BillyH
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Champion Member
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« Reply #14 on: March 14, 2008, 06:46:05 PM » |
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OOOO!!!
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