Income Tax: Rishi Sunak and HMRC backtrack on plans – will you end up paying less?

RISHI SUNAK was recently questioned on income tax proposals which would have added additional costs to the UKs workforce. HMRC have confirmed that they will change plans for this following a consultation. Source link  More...

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By admin On Thursday, July 9th, 2020
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Universal Credit: Does a tax rebate affect Universal Credit? | Personal Finance | Finance

Many will receive a surprise in the post over the next few months as April marked the end of another tax year. Some people will find out they are due a refund on their tax, known as a tax rebate, while others More...

By admin On Wednesday, July 8th, 2020
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Green Homes Grant Scheme: How does green scheme work? How to claim | Personal Finance | Finance

The new Green Homes Grant Scheme comes as part of Rishi Sunak’s plans to create more than 100,000 green jobs in a bid to kickstart the economy following months of lockdown. In addition to creating tens of More...

By admin On Wednesday, July 8th, 2020
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Mortgage UK: Interest-free mortgages could drastically increase post-lockdown | Personal Finance | Finance

Mortgages on the market at present have been somewhat limited due to the financial impacts of COVID-19. However, as the property market begins to get back on its feet, and lockdown is slowly eased, there is More...

By admin On Wednesday, July 8th, 2020
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FTSE 100 LIVE:US stocks plummet halting a five-day winning streak | City & Business | Finance

The declines come as coronavirus cases across the US soar, diminishing investors hopes of a global economic recovery. “It will be important to watch the number of US deaths in coming weeks and whether greater More...

By admin On Tuesday, July 7th, 2020
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Mortgage enquiries skyrocket in June: what could this mean for Rishi Sunak’s announcement? | Personal Finance | Finance

This index, according to Halifax, is the UK’s longest running monthly house price series with data covering the whole country going back to January 1983. The report is primarily focused on house prices More...

By admin On Tuesday, July 7th, 2020
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Stamp duty holiday: The UK buyers set to feel ‘greatest benefit’ if threshold changes | Personal Finance | Finance

Rishi Sunak will deliver a summer statement tomorrow, during which he will give an update on how he plans to steer the economy through the coronavirus crisis. According to reports, the Chancellor may announce More...

By admin On Tuesday, July 7th, 2020
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FTSE 100 LIVE: London markets plummet despite China stocks extending rally | City & Business | Finance

The CSI 300 of Shanghai- and Shenzhen-listed shares added 2.1 percent gains, the FT reported. Hong Kong’s Hang Seng index jumped shortly after opening but by midday was up just 0.1 percent.  Wall Street’s More...

By admin On Tuesday, July 7th, 2020
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Inheritance tax warning: Additional taxes can be levied in these contexts – what are they? | Personal Finance | Finance

Inheritance tax is only levied on estates of certain sizes and according to HMRC, only four to five percent of estates in the UK pay IHT. For those it does affect though it can be a costly burden. IHT is More...

By admin On Monday, July 6th, 2020
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SEISS warning: Deadline for claims falls next week – larger grants are disappearing soon | Personal Finance | Finance

SEISS (the Self-Employment Income Support Scheme) can provide eligible claimants with a taxable grant to help them through the coronavirus pandemic. Under the current rules, a claimant could receive a grant More...