New law introduced to help protect pension savers from scammers

Dec 06, 2021

New rules to help protect pension savers from scammers have become law.

Under the regulations, pension trustees and scheme managers will be given the power to stop suspicious transfers before…

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Three-day wait for Statutory Sick Pay to return next year

Dec 06, 2021

The standard three-day waiting time for Statutory Sick Pay (SSP) will be reinstated for coronavirus (COVID-19)-related claims from 25 March 2022, unless the government intervenes.

Under standard…

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Government sets out tax details on TAM Day

Dec 06, 2021

The UK government marked the inaugural Tax Administration and Maintenance (TAM) Day with the publication of 30 papers covering a wide range of tax issues.

Chancellor Rishi Sunak made the commitment…

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HMRC's tax take falls by billions due to pandemic

Dec 06, 2021

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts.

In its 2020/21 annual report, HMRC reported that…

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Heat pump grants worth £5,000 will help replace gas boilers

Nov 08, 2021

Homeowners in England and Wales will be offered subsidies of £5,000 from next April to help them to replace old gas boilers with low carbon heat pumps.

The grants are part of the government's…

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Pensions experts say a minimum of £10,900 a year needed to retire

Nov 08, 2021

A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, according to the Pensions and Lifetime Savings Association (PLSA).

The minimum retirement…

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Applications now open for freeports

Nov 08, 2021

Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.

The tax authority has published the application forms to operate special customs procedures within the…

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FSB warns tax rises threaten recovery from pandemic

Nov 08, 2021

The Federation of Small Businesses (FSB) has warned that tax rises could threaten the UK's ongoing recovery from the Covid-19 pandemic.

According to the FSB, small businesses are coming up against…

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Payment period on residential CGT is doubled

Nov 08, 2021

The government has doubled the period for filing and payment of capital gains tax (CGT) on residential property from 30 days to 60 days.

The measure was announced by Chancellor Rishi Sunak in…

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