Friday 27 July 2007

The small business mans friend..... NOT


This week the Government lost a landmark tax related case. The case in question has dragged on for the past couple of years and finally reached the House of Lords last week. Rather than admit defeat and respect the decision of the Court, the Government in its infinite wisdom has decided to change the law in respect of the issues raised. Why does this not surprise me?

This government has done everything in its powers to decimate small Information Technology companies, firstly we had IR35, the banning of managed service companies and now they plan to make changes to S660A in light of the Artic systems case. This Government does not target its rich chums with tax reforms, because they know all the loans that fund the parties will dry up (and please don’t even get me started on that topic, and lets face it the CPS in this instance can clearly be compared to a limp dick) but instead it targets its reforms at the average working person. If the Government really wants to look at an issue that is manifestly unfair it should investigate how to end the loop hole relating to the tax free payment of image rights for sports players. What has really pissed me off this week is that I have had to pay stamp duty which came to £22000 and then to cap it off, I was reading about the Manchester Metrolink extension - funds of which were promised last year by the Government and then withdrawn at the last minute, it appears that the proposed extention is back on the cards, the price of which is a £5 congestion charge and a debt of £1.8billon pounds, so if you live in Manchester then I guess you can look forward to massive rises in the amount of Council tax you are paying, thankfully I dont live in Manchester.

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