English Chess Forum

So, anyone excited about the new budget? At a glance it seems to me like there has never been a better time to be a high earner but you are pretty screwed if you are part of the other 99%

Joey Stewart wrote: ↑

Thu Mar 16, 2023 1:33 pm

So, anyone excited about the new budget? At a glance it seems to me like there has never been a better time to be a high earner but you are pretty screwed if you are part of the other 99%

Did you take in the entire budget statement or a 5 minute snapshot?

Do you have more detailed information that contradicts what I said?

Anything about sports funding (unlikely, I know)?

Joey Stewart wrote: ↑

Thu Mar 16, 2023 1:42 pm

Do you have more detailed information that contradicts what I said?

Yes

https://www.gov.uk/government/publicati ... -2023-html refers

Christopher Kreuzer wrote: ↑

Thu Mar 16, 2023 2:09 pm

Anything about sports funding (unlikely, I know)?

Yes

"Charity Taxes – The government will restrict charitable tax reliefs to UK charities and Community Amateur Sports Clubs only from April 2023 - protecting the Exchequer and focusing UK taxpayer money on UK charities. European Union (EU) and European Economic Area (EEA) charities that HMRC has previously accepted as qualifying for charity tax reliefs before 15 March 2023, will have a transitional period until April 2024."

Joey Stewart wrote: ↑

Thu Mar 16, 2023 1:42 pm

Do you have more detailed information that contradicts what I said?

https://www.gov.uk/government/statistic ... -after-tax indicates that removal of the penal charges on large pension pots will benefit many more people than the top 1% of earners.