Crackdown launched on second home owners who pretend to let properties out to holidaymakers to save tax January 15, 2022 The government is proposing strict new measures to crack down on second home owners who pretend to let their properties out to holidaymakers to save on taxes as they will be forced to pay more under the proposals. The Department for Levelling Up, Housing and Communities (DLUHC) is moving to close a loophole in the [...]
Leading UK businesses hand over half of their income to government through taxes November 30, 2021 The UK’s leading businesses are handing over half of the money they generate to the government in taxes, according to a fresh study published today. FTSE 100 companies gave up 53.2 per cent of their income to the public coffers last year, illuminating the heavy tax burden British businesses are being shackled with. Over one [...]
Tax Spotlight: How the jump in national insurance will affect you and your household April 6, 2022 As Brits try to juggle surging living costs on a shrunken wage packet, experts have warned the pain of the rise in national insurance will be felt by people on their next payday, Here is a look at why the increase is happening and why “awful April” is seen as just the start of a [...]
Tesco profit surges but bosses warn of sky-high inflation side effects April 13, 2022 Tesco has rebounded from the pandemic with a 65 per cent boost in operating profit, climbing to £2.56bn for the full-year.
UK remains world’s third largest crypto economy, and biggest in Europe October 18, 2023 A Chainalysis update shows the UK remains the world's third largest digital asset economy, and the biggest throughout Europe.
Johnson sacrificed the Tories low tax reputation and will pay the price for it January 18, 2022 THE TORIES are becoming a high-tax party because they have become a low-growth party. So said the Shadow Chancellor Rachel Reeves recently. And she’s right. The Conservative Party has increased taxes to a 71-year high. Government spending is the most it has been since the late 1970s. Meanwhile, our economic recovery remains fragile. Despite solid [...]
Wickes plots expansion in home solar energy market after slight profit boost in 2023 March 19, 2024 Pretax profit in 2023 was slightly higher than 2022, rising to £41.1m from £40.3m.
Brits who rely on cash set to benefit from improved access at shops August 18, 2021 Brits who rely heavily on cash to manage their finances and buy essential goods and services are set to be benefit from improved access to pounds and pennies. Following a successful pilot, the Access to Cash group has decided to rapidly roll out ‘cashback without purchase’ to thousands of smaller shops over the coming month. [...]
Second homeowners who flipped holiday home set to pocket £191m despite upcoming crackdown January 17, 2022 About £191m of new pandemic grants from the Government is coming to second homeowners’ pockets, for those who flipped their holiday homes into letting businesses. The revelations come despite a new crackdown, announced at the end of last week. Councils across England have started distributing £635m in grants to businesses affected by the Government’s Plan [...]
Budget: UK to invest £850m to protect museums, galleries, libraries and local culture October 27, 2021 Chancellor Rishi Sunak has announced the government will be investing £850m to protect museums, galleries, libraries, and local culture.