Skip to main content

Stealth Tax on Private Emails ?!?

The link is to Chapter A of yesterday's Budget. This includes raising £50 million next year (£100m, £150m subsequent years) from removing the exemption from income tax of loan of a computer.

If you take your laptop home then one presumes that is loan of a computer if you use it for private activity. It appears then that the HMRC will have to monitor how many private emails you send or how much other private useage you make.

If you, therefore, play a game of Freecell on a company computer it could be argued that you are borrowing the computer for that purpose and hence should pay a little extra tax.

I am not sure this is that workable a proposal.

Comments

Will said…
Would that only apply, though, if you had chosen to claim tax relief on a loan you were already paying for? There is a scheme here, that will now end, where staff can get PCs on hire purchase and benefit from tax relief on them.

The Inland Revenue already expects the self-employed computer user to determine how the cost of their tax-deductble PC breaks down between business and pleasure.
12:45 pm
John Hemming said…
The words are:
"Removal of income tax exemption for loaned computers."

It is the loan of the computer that seems to be relevant rather than the loan for the computer.
1:06 pm
Post a Comment

Popular posts from this blog

Trudiagnostic change PACE leaderboard algorithm - was in position 40, now position 44 - does it matter?

Trudiagnostic have changed the way they handle the Rejuvenation Olympics Leaderboard algorithm. The result of this initially was that I was globally no 40 and have now dropped to 44. Trudiagnostic are a US company that get samples of blood and they look at the DNA to see which parts of the DNA have methyl groups (CH3) attached to them. These modifications to DNA are called methylation markers. DunedinPACE is an algorithm which uses DNA methylation markers in white blood cells to work out how quickly or slowly someone is aging. I had three results on this. The odd thing about the results was that whilst my epigenetic age calculated from the same methylation markers was going down, the speed at which I was aging was going up. I find this somewhat counterintuitive. It is, however, I think relevant that in a global contest my approach on biochemistry which is quite different to many other people's does seem to keep up with others working in the same area. To that extent it...
Post a Comment
Read more