So the rich get richer ….and fuel inflation!

Grantanow

Does Hunt's calling in the regulators imply that the Tories may consider a prices policy analogous to that introduced by Wilson in 1965 when he created an overseeing Board chaired by the former Tory MP Aubrey Jones? Of course that included an incomes policy too. The Tories seem keen to hold down public sector incomes while letting private sector incomes rise, the latter thereby contributing to inflation.

No.

Norah

Germanshepherdsmum

Clever use of CGT annual exemptions may mean none is paid on realisation. Tax-free products such as ISAs can also be used to avoid payment of income tax. And of course one may spend a heap of money abroad as I have done when buying German cars direct from the manufacturer - those DEMs didn’t reach our government.

Indeed.

My husband also bought a factory car in Europe, I sadly didn't. We holiday out of the country, buy goods out of the country on travels. No taxes here.

I'm attaching an HMRC document concerning the importing of goods for personal use which you may find interesting

www.gov.uk/bringing-goods-into-uk-personal-use/arriving-in-Great-Britain

I remember in the olden days my DH and I only brought back wine - no spirits, tobacco or perfume but several cases of wine. We would drive off the ferry, go to the red lane, declare what we had brought back and they waved us through. Far more quickly that the people queuing in the green lane.

Yes, aware of that.

MaizieD

Norah

growstuff

The companies people invest in pay tax.

However, unless I'm mistaken, the investment isn't necessarily subject to tax until dividends are paid or capital gains tax on sale. Not all our investments pay out on a short term basis.

Investments are just savings under a different name. They won't be taxed until you realise them, then, either, as you said, capital gains tax and/or spending the money left after the deduction of CGT into the economy.

Then the money, which mostly originated from the govt. (unless it's foreign earnings) is returning to the govt.

Dividends are taxable in the UK subject to the annual exemption of course and in certain circumstances should be declared. Obviously this does not apply to ISAs.

Some people choose not to take the cash from their dividends but to automatically reinvest the dividend in the company paying those dividends. However, just because you take the cash does not mean that you do not need to declare those dividends.

Germanshepherdsmum

Yes, aware of that.

Aimed at Norah, not you GSM

Dinahmo

Germanshepherdsmum

Yes, aware of that.

Aimed at Norah, not you GSM

Thank you for that information.

We arrive through customs many times a year. We declare all bread flour, olives, oil, wines, prosecco, beer, etc. All good.

Cars have differing schemes. Not in the EU may have changed buy and drive schemes - I don't know, we've cars to see us out.

Germanshepherdsmum

As do many. The argument that ‘most’ goes back to the government is flawed.

'Most' doesn't spell 'must', GSM. I have always said 'most.

Of course any money spent abroad is 'lost to the UK economy. But then, when foreigners spend in the UK it kind of balances it out.