Steve
banner
holmesy1975.bsky.social
Steve
@holmesy1975.bsky.social
🧡🎩COYH🎩🧡
Luton Town FC, anti-brexit, save the 🌍🌎🌏
Mid-market financial due diligence specialist
Intelligent but some way off intellectual.
I also enjoy a good giggle
#LTFC #COYH #WALT #FDD #TaxDD
Sadly the reality is this.

Regardless of whether it is fair or not, pensioners did not save enough or reproduce enough to cover the costs of their own retirement

They are also most likely to vote against immigrants who might do the work needed to pay for the shortfall
December 12, 2024 at 6:29 PM
When they stop being scared of the flipping media
December 12, 2024 at 5:56 PM
For the past 10-15 years you’ve enjoyed an upwards trajectory and the first shit we tread in you’re ready to throw them out? Really?
December 10, 2024 at 8:35 PM
This isn’t an issue of trust. How can they have lost your trust? That would imply they did something devious or conniving to actively damage the club

Whatever about the results being less than ideal, it isn’t about trust
December 10, 2024 at 5:23 PM
No I’m suggesting that the deductible is reduced by the tax credits your underpaid staff receive
December 8, 2024 at 6:21 PM
Say this company was underpaying its staff by 20 the situation may change

PCTCT (as before). 60
Tax credit restriction 20
Revised PCTCT. 80
Tax at 25%. (20)
Profit. 40

Therefore the billionaire can withdraw £5 less due to the restriction
December 8, 2024 at 6:02 PM
Sure, it’s the rate of corporation tax

Wages (including employers NIC) are “allowable” expenses which means they are deducted from profits chargeable to corporation tax

Therefore these costs reduce the amount of tax you pay eg

Sales 100
Wages (40)
PCTCT. 60
Tax. (15)
Profit. 45
December 8, 2024 at 6:02 PM
The best World Cup ever.

I will hear no arguments to the contrary.
December 8, 2024 at 1:02 PM
Would obviously not apply to apprentices and trainees

But if you’re a billionaire who doesn’t pay your staff enough that the state / taxpayer is picking up the rest of the bill and you’ve been able to extract even more cash from your business due to these subsidies- then that needs addressing IMO
December 8, 2024 at 11:22 AM
Staff receiving tax credits could easily be identified through personal tax codes

The level of corporation tax relief on wages could be restricted by value of credits given

Encourages fairer wages, reduces subsidies for profitable business & burden on the taxpayer.
December 8, 2024 at 11:16 AM
Why should large employers receive tax relief at 25% on salaries / wages paid to staff that are so low the taxpayer has to top them up with tax credits? Esp. Someone like Amazon

It’s an obvious absurdity. A double dip. Second bite of the cherry.

At a time when benefits bill is higher than ever
December 8, 2024 at 11:16 AM
I think we’ll be ok. We have enough to keep mid-table

The more I think about it the more I think we are missing Locks on pitch and in the dressing room (which is in no way a criticism)

Carlton the de facto leader at the moment but is it only temporary in squad players minds?
December 7, 2024 at 9:16 AM
If she feels so bad about scroungers she could hand back her pension and go back to work?
December 6, 2024 at 8:25 PM
Whilst it initially applied to Bontcho, I have been able to apply Guentchev’s Law in many other ways to scientifically prove Luton are better than anyone else in order to irritate the crap out of my mates

Does anyone else have other ridiculous / irritating Luton banter techniques from school?
December 4, 2024 at 7:49 PM
😂 I invented something called Guentchev’s Law at school

When he played for Bulgaria in the semi final of the World Cup I argued this placed him in the top 44 players in the world and thus Luton had the best player in Division One as it was then

It stumped my mates completely and utterly
December 4, 2024 at 7:49 PM