At the point the tax is paid it "is" the deceased person's estate, it does not belong to anyone else, not until the executor has distributed it.
With income tax, if you are on PAYE, your employer does pay tax and NI on your behalf, it is you being taxed, but the employer also pays NI for you...
It isn't, other than a human has to complete the paperwork and transfer the funds, but the main point is, did you really think IHT was a tax that was included in Labour's "no tax increases on working people"?
A shareholder might be a worker, or have nothing to do with the day to day operations, it honestly was not in my mind as a tax that was covered by the Labour promise.
You don't have to operate a business as Limited company, there are simpler structures. The main benefit of a Limited Company is that liabilities are limited to the company, I.e. the company can go bust and owe money, but no one can come after you personally for the money, unless you had used a...
Not quite sure what you are saying.
A person has some assets, and dies, anything over a certain limit is liable to be taxed at that point, it is the dead person's estate that gets taxed, not any beneficiary, the executor is just the person nominated to distribute the estate, they may or may not...
It isn't two tier policing. It's understanding that different groups might be best handled in different ways.
At football we don't claim its two tier policing when the away fans are corralled, and the home fans are asked to go home. Or some pubs are off limits for some away fans but not others...
I agree that it's nuts to have all these people in hotels, so does the Labour Party, its in their manifesto to get on top if the asylum backlog.
Personally, I think the Tories, were quite happy to have the issue, for a couple of reasons. This is just my thinking, I have no concrete proof of...
Do you mind explaining how the mechanics of this worked? I mean, what was it Labour did to get this mass migration, that would keep them in power for ever, and how come we have just had 14 years of Tory?
Blair opened up fully to the new EU Eastern European countries, which I think was a mistake...
Currently, first £500 tax free, then 8.75% for basic rate tax payers, 33.75 % higher rate, 39.35% additional rate.
But, dividends are paid from profits that have been subject to corporation tax first, currently 25%. NI is not paid on dividends.
So, effectively a 33.75% tax rate with £500 tax...
Well, I guess corporation tax would have eaten into your personal pocket too, if that was the way you paid yourself, did you think corporation tax was included in Labour's promise too?
It was bad legislation and needed to go.
Minimum Service levels can't be met if you are striking over being so understaffed, that minimum service levels are not being met, before anyone goes on strike.
If you didn't understand what was meant by not increasing taxes on working people, I apologise, but I thought everyone realised this meant that people who work for a living, would not have to pay more taxes on their income.
I mean, working people might be paying import duties, or stamp duty...