In article , John Rumm
wrote:
Only for businesses with profits under 50K -

Who are distributing all their profits

so yet again he is playing screw the small guy...

Screw the small one who has no intention of growing. Those who are
retaining profits to grow their businesses and/or strengthen their
balance sheets are less or not affected. IMO what he did was much more
sensible than the alternatives of removing the 0% band which would have
hurt small companies that want to grow or imposing NI on dividends
which would have been quite unfair on businesses like mine which pay
their directors (me in our case) a proper market salary and pay
dividends out of true profits.

--
Tony Bryer SDA UK 'Software to build on' http://www.sda.co.uk
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