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Glasgow, Scotland, United Kingdom

Wednesday, June 23, 2010

Budget

I just ran the BBC Budget calculator and it gave me a slightly surprising result; the only problem is that this takes no account of the effect of the VAT rise. I think my VAT bill will rise by more than £87 thus I will pay more, c'est la vie.

The indications are that you will be £85.75 better off.

Breakdown of difference

2010/11 £ 2011/12 £Difference £
Income tax5975.005775.00£200.00
National insurance 3012.353126.60£-114.25

1 comment:

Anonymous said...

Only if you spend more than £4116 in a year on "luxuries". Though if you drive a lot, it will easily go higher than this.