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Originally Posted by punky
On the bright side, only a penny on beer, could be worse...
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Yes, you *could* be faced with a rise in your tax bill of almost *TWO THOUSAND POUNDS*!
That's exactly what I'm going to be stuck with because two years ago, thanks to Gordon Brown's idea for an "incentive" for small businesses, I incorporated as a limited company to take advantage of the first £10,000 of earnings being free from Corporation Tax.
Except it seems that this "incentive" is now a "loop hole" which means that I'm going to have to pay 19% tax on that first £10k.
Gee, thanks Gordon...
