TAX AND the potential for reform is a topic which there has been no shortage of speculation about since the coronavirus pandemic first emerged. With weeks to go until Chancellor of the Exchequer Rishi Sunak delivers the spring Budget, a warning has
The Self-Employment Income Support Scheme (SEISS) has acted as a lifeline for many business owners during the coronavirus pandemic. Chancellor Rishi Sunak announced last year the scheme will be extended until April 2021, which will come as a relief to many businesses
The FSCS is the UK’s official statutory deposit insurance and investors compensation scheme for customers of various financial assets including pensions, bank accounts, mortgages and investments. Where approved financial companies fail, customers with those companies can have their assets protected to certain
Boris Johnson and Rishi Sunak have done what they can to keep the economy afloat over the last year or so, with the introduction of the furlough scheme and SEISS among other measures but the payments from them are set to end
Financial compensation can be sought out in certain circumstances where a consumer has received poor or unlawful service and CMCs can be utilised to help with this. There is broad scope on what compensation can be awarded through these companies but they
Penalties for missing the deadline The Self Assessment deadline is midnight on Sunday, January 31, 2021. Dan Stopp, UK Accounting Manager at Bokio, told Express.co.uk people who submit their Self Assessment tax returns late could “face a £100 fine”, and further fines if there
In late 2020, Rishi Sunak addressed Government spending, examining it’s sustainability in Parliament: The economic impact of coronavirus, and the action we’ve taken in response, means there has been a significant but necessary increase in our borrowing and debt. “The UK is
The triple lock was introduced to the UK State Pension in 2010. The guarantee gives assurance that State Pensions won’t lose value in real terms, and that the payments would increase year-on-year at least in line with CPI inflation rates. To make
The ruling, only if the Department for Work and Pensions (DWP) agrees to change the rules surrounding childcare costs, could affect thousands of parents who need this kind of support. Ms Salvato commented after the case saying: “I’m over the moon with
Millions of self-employed workers continue to face uncertainty in terms of their business’s future after the UK, alongside the rest of the world, was plunged into a pandemic. The SEISS grant scheme has been in place since the first lockdown, allowing people
Furlough has been extended several times as the UK finds itself in the third lockdown in less than a year, enabling businesses to retain staff. Under the current scheme the Government pays up to 80 percent of wages up to £2,500 a