Having a shakey day today!

Re: Having a shakey day today!

Bob Russell — Mon, 24 Jan 2011 21:26:16 GMT

My ambition is to be taxed at 50%, have the lifestyle that goes with it and have enough cash in the bank to pay for it. My brother has a Jag, Range Rover and a Mini (for shopping), all new. he works hard and deserves every bit of it!

I will continue to do the lottery as this is the most likely way I will achieve these heady heights!

Re: Having a shakey day today!

Clive Ansell — Mon, 24 Jan 2011 17:55:41 GMT

[quote user="Hannah Wynne Richards"]

I'm in the 40% tax bracket (and that's after all the rest of the tax Ive taken from my clients to pass on to the government ), but I worked to get there,and deeply resent the fact that at 40% it's even harder to advance my own standard of living

Wynne

[/quote]

I have never paid 40% tax, never plan to either. As a locum my work is flexible so when I see I am approaching the threshold after tax deductible expenses, I take time out. I see the 40% tax threshold is being reduced in April from £37401 to £35001 per annum.

Re: Having a shakey day today!

Clive Ansell — Mon, 24 Jan 2011 17:49:53 GMT

[quote user="Bob Russell"]

Not sure the NHS is looking after me half as much as I seem to be looking after the NHS!

[/quote]

I have thought for a long time that the NHS represents very poor value for money. It costs the taxpayer roughly £1750 per person per year, and only delivers a slow, often poor service, with many areas (eyecare, dentistry) already/being privatised through the back door.

Compare my brother in the US who pays about £1200 a year in insurance premiums. This includes all healthcare, all dentistry, annual eyecheck and annual well-man clinic with basic bloods, ecg, screening for heart and prostate disease. The £1200 is tax deductible, and overall taxation is about half of what we pay.

Re: Having a shakey day today!

Bob Russell — Mon, 24 Jan 2011 17:16:58 GMT

Best option - become a dentist! You will be into the 50% tax bracket before you know what has hit you!

Had 1 hour with my 'proper' dentist (as opposed to the rather pretty emergency dentist who charged me £16.50 on Saturday afternoon) for a root canal trt this morning. £476.00 bill - no VAT on dentists fees.

True enough the NHS bit was a bit of a cock-up, looking at the X-rays today but I seem to remember I started this post because I had just set up my tax payment. Not sure the NHS is looking after me half as much as I seem to be looking after the NHS!

Re: Having a shakey day today!

Richard Carter — Sun, 23 Jan 2011 11:29:25 GMT

[quote user="Hannah Wynne Richards"] 40% tax bracket [/quote] oooo - something I am still aspiring to achieve (self employed/sole vet back at work on Sunday) - or speak to your accountant, become a Ltd Co, pay a bit more on acc fees but take the 40% section in dividends (lose out on 40% section in pension rebate tho)

Re: Having a shakey day today!

Hannah Wynne Richards — Sun, 23 Jan 2011 11:19:11 GMT

Clive I'm with you on banker's recieving bonuses from the public purse,i.e me If they were still wholly privately owned and the bonus was a % of profits,then if the shareholders thought that such a high bonus was justified by the returns they were receiving,then fair enough It's enough to make me spit,that after making such a spectacular mess of things,they are then given any bonus at all I would have thought that a resignation would be recieved as "good riddence to bad rubbish " I'm particularly annoyed at RBS as I'm with Nat West, so was within hours of being unable to pay my bills,because the bank had lost all the money which was in my account

Micheal Princess Diana was the daughter of an Earl-she didn't have towork toget on My father was a small farmer-I went to a state school,worked hard,qualified,and saved until I had enough to persuade the bank to lend me the rest of the cost of a practice I'm in the 40% tax bracket (and that's after allthe rest of the tax Ive taken from my clients to pass on to the government ), but I worked to get there,and deeply resent the fact that at 40% it's even harder toadvance my own standard of living

Wynne

Re: Having a shakey day today!

Hannah Wynne Richards — Sun, 23 Jan 2011 11:03:14 GMT

Bob A certain level of taxation is necessary-but with tax freedom day for the average citizen not until June-it's way toohigh . Before we went into the EEC there was no VAT-OK there was purchase tax on some things, but crucially for me, not veterinary services Tax freedom day was in April-and we still had pensions,unemployment pay (but not at a rate that discouraged the unskilled from working ),the NHS,police (and they were doing a better job, as the crime rate was lower), armed forces (and they were actually better equiped ), and even university education without tuition fees,and with grants

Evelyn When owners decide between treatment and PTS,they're not interested in the Chancellors cut-the decision is made on total cost-and that 20% (or 17 1/2,or 15 or 10 ) could be the margin which condemns the animal to death

Wynne

Re: Having a shakey day today!

Michael Woodhouse — Sun, 23 Jan 2011 00:08:25 GMT

[quote user="robloxley"]

[quote user="Hannah Wynne Richards"]Another in the same boat-VAT is the killer-my theory is that if it was abolished, the boost to the economy would create so many new jobs-and if at the same time social security was drastically cut, so it no longer paid people tobe idle,then we could solve the unemployment/bad back problem with no bother-especially if employers were given the right to sack the ones that didn't pull their weight I'm totally sick of paying for layabouts-between VAT, my own Income tax, and nurses PAYE the government takes more out of the business than I do[/quote]

For a minute I thought I'd navigated to www.dailymail.co.uk

[/quote]

If only Princess Diana was here.............

Re: Having a shakey day today!

Vet2Vet — Sat, 22 Jan 2011 23:44:17 GMT

[quote user="robloxley"]

For a minute I thought I'd navigated to www.dailymail.co.uk

[/quote]

LOL

Re: Having a shakey day today!

Rob Loxley — Sat, 22 Jan 2011 23:35:48 GMT

For a minute I thought I'd navigated to www.dailymail.co.uk

Re: Having a shakey day today!

Clive Ansell — Sat, 22 Jan 2011 14:33:12 GMT

[quote user="Hannah Wynne Richards"]

I'm totally sick of paying for layabouts-between VAT, my own Income tax, and nurses PAYE the government takes more out of the business than I do

Wynne

[/quote]

I agree up to a point, but I object far more to the £840,000,000,000 bank bailout and the massive salaries still being paid to bosses of mainly taxpayer owned banks. The boss of RBS, which is 84% taxpayer owned, enjoys a £9,600,000 package I believe. There is far more morally wrong with that than a person on unemployment benefit, which may be through no fault of their own.

Re: Having a shakey day today!

Evelyn Barbour-Hill — Sat, 22 Jan 2011 14:11:57 GMT

[quote user="Hannah Wynne Richards"]Evelyn Try telling owners the non VAT rate when they phone asking for quotes-and then whack 20% on when they come in,and try saying it's nothing todo with me, that's the government-they would (rightly ) accuse you of being dishonest.[/quote]

Nope. Well, I don't do quotes but of course I do estimates: and the estimate is "so much plus VAT", and then if necessary "so you will need to pay so much altogether." When they come to pay at the desk, my lady asks them for " so much plus VAT........ that's so much altogether please." Not remotely dishonest and nobody has ever suggested so. Occasionally in the past people have assumed I will not charge VAT if they pay cash and I have to politely put them straight.

I also have a waiting room notice that says, essentially, "it's nothing to do with me, it's a tax".

Acting as unpaid tax collector (as with PAYE and NIC) rankles of course, but that's business life.

Re: Having a shakey day today!

Clive Ansell — Sat, 22 Jan 2011 14:10:02 GMT

[quote user="Bob Russell"]

Do I have to wear an earring and gold 'bling' to convince them I am true NHS material?

[/quote]

Of course not - I'm an NHS patient and proud of it! I have a good NHS dentist and all essential dentistry I need is NHS, although I do have 2 molars that were crowned privately as I am told they are better material and better cosmetically. I have no earring and the only gold is one of the crowns.

Re: Having a shakey day today!

Bob Russell — Sat, 22 Jan 2011 10:59:57 GMT

Oh and is it going to be painful because I am not paying much for it?

Re: Having a shakey day today!

Bob Russell — Sat, 22 Jan 2011 10:56:18 GMT

I have no fundamental problem paying taxes. If you earn money it is appropriate. I worry about my cash flow, not so much my profit! Cash flow problems kill businesses (although hopefully not mine!).

Excruciating pain from tooth - going to the emergency dentist later. Cost? £16.50. For the first time in years (and possibly only because it is out of hours) I am going to be seen as an NHS patient.

Do I have to wear an earring and gold 'bling' to convince them I am true NHS material?

Re: Having a shakey day today!

Michael Woodhouse — Sat, 22 Jan 2011 10:45:41 GMT

Another reason I prefer dealing with farmers, we give all prices ex VAT!

Re: Having a shakey day today!

Hannah Wynne Richards — Sat, 22 Jan 2011 09:35:36 GMT

Evelyn Try telling owners the non VAT rate when they phone asking for quotes-and then whack 20% on when they come in,and try saying it's nothing todo with me, that's the government-they would (rightly ) accuse you of being dishonest. Also it's a tax which business owners are forced to collect FOC for the government-and I would say that forced labour without payment is very close to slavery-OK I suppose it's not really slavery as I could escape if I sold the business,but the rant makes me feel(marginally ) better

Wynne

Re: Having a shakey day today!

Evelyn Barbour-Hill — Sat, 22 Jan 2011 00:26:45 GMT

[quote user="Hannah Wynne Richards"] I'm totally sick of paying for layabouts-between VAT, my own Income tax, and nurses PAYE the government takes more out of the business than I do[/quote]

Err....... whatever else one may think about VAT, one cannot say the government takes it out of one's business. You do the business, you make your charge, and then you collect 20% for the government on top of that.

Re: Having a shakey day today!

Mark Hedberg — Fri, 21 Jan 2011 19:06:46 GMT

I think if the folks on the dole were cut off, they'd riot. One chav yesterday backed into a parked car that one of the practice's student nurses was sitting in. When she got out to inspect the damage, chav's girlfriend slapped the nurse for "not moving out of the way" when she saw their car coming. (as stated above, nurse was in a parked car. )

Re: Having a shakey day today!

Hannah Wynne Richards — Fri, 21 Jan 2011 16:44:40 GMT

Another in the same boat-VAT is the killer-my theory is that if it was abolished, the boost to the economy would create so many new jobs-and if at the same time social security was drastically cut, so it no longer paid people tobe idle,then we could solve the unemployment/bad back problem with no bother-especially if employers were given the right to sack the ones that didn't pull their weight I'm totally sick of paying for layabouts-between VAT, my own Income tax, and nurses PAYE the government takes more out of the business than I do

Wynne

Re: Having a shakey day today!

Bob Russell — Fri, 21 Jan 2011 14:26:44 GMT

Yesterday quietest day in months. Pushed my hand through a plasterboard wall because a major gutter was blocked at the weekend by a sign belonging to the nearby Indian Restaurant and water poured down the wall making a solid looking wall as strong as paper. VAT paid earlier in month, income tax set up for next week.

Paying tax is only OK if you have the money in the bank.

Now I have bl**dy toothache!

Who would be a practice owner in January?

(Only discuss if sympathetic please)

Re: Having a shakey day today!

Martin Atkinson — Fri, 21 Jan 2011 12:54:19 GMT

I'm having a quiet day hence lots of posts today but my bad day was yesterday. Two totally unreasonable clients one refused to pay (even more unreasonable than usual), also posted up my tax payment on BACS for next week. VAT also due, just paid £10K to have the roof fixed, got to find £15K to pay the shortfall on my surgery mortgage which is due for re-payment next month, daughter just advised she wants to go back to uni. to do another course so another 2 years fees/costs to fund and wife just retired so loss of £60K per annum income to the household. Looks like my retirement is delayed a bit longer!!

Re: Having a shakey day today!

Derek Copeland — Fri, 21 Jan 2011 12:53:22 GMT

Bob as they say the only two certainties in life are taxes and death and yes you get sympathy for both !

But hey the more tax you have had to pay the more youve earned apparently where it goes !