Quote:
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Originally Posted by Graham
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...  |
He's got you by the balls and is slowly squeezing