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Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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<blockquote data-quote="trainee4u" data-source="post: 228039" data-attributes="member: 30779"><p>Not really - the 2024 Budget was one of the worst budgets in history with the punishing attack on big employers such as supermarkets who went from paying £0 NI on part-time workers to hundreds of pounds each.</p><p></p><p>There is also the issue of Business Rates where particularly hospitality businesses were getting huge rate relief during covid and there are changes but again this is probably the last Budget. There's also carried interest, again the last budget.</p><p></p><p>This one was pretty dull, just more of the same, the fiscal drag is an issue and you also have salary sacrifice, and the fact that it's often a bad idea to go over£100k salary due to insane tax levels, so I suppose this exacerbates that, but it's not necessarily the kind of "commercial issue" in the way that the last Budget would inevitably harm business and determine employment. just more of a "we are permanently governed by idiots" issue.</p><p></p><p>The issue of dividends also doesn't come in for several years, so there is the point that specifically entrepreneurs have gone from paying much lower taxes than employees 10+ years ago to now higher taxes, but I'm not sure if it's particularly important..</p></blockquote><p></p>
[QUOTE="trainee4u, post: 228039, member: 30779"] Not really - the 2024 Budget was one of the worst budgets in history with the punishing attack on big employers such as supermarkets who went from paying £0 NI on part-time workers to hundreds of pounds each. There is also the issue of Business Rates where particularly hospitality businesses were getting huge rate relief during covid and there are changes but again this is probably the last Budget. There's also carried interest, again the last budget. This one was pretty dull, just more of the same, the fiscal drag is an issue and you also have salary sacrifice, and the fact that it's often a bad idea to go over£100k salary due to insane tax levels, so I suppose this exacerbates that, but it's not necessarily the kind of "commercial issue" in the way that the last Budget would inevitably harm business and determine employment. just more of a "we are permanently governed by idiots" issue. The issue of dividends also doesn't come in for several years, so there is the point that specifically entrepreneurs have gone from paying much lower taxes than employees 10+ years ago to now higher taxes, but I'm not sure if it's particularly important.. [/QUOTE]
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Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2025-26
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