UK housing market shows signs of stability with Brits’ reluctant to spend April 21, 2022 The UK’s housing market could be returning to stability, say analysts, before deals pick up as warmer weather blankets the country. Residential transactions for March have plunged more than a third in comparison with the same month last year, according to the government’s latest figures, after a continued, pandemic-era, buying frenzy. Although deals have climbed [...]
Tax paid by Brits on at least £150k skyrockets as ‘fiscal drag’ makes HMRC increasingly lean on high income taxpayers April 20, 2022 The total income tax paid by high earners making £150,000 or more has increased by 77 per cent in the last decade, reaching £60.9bn in the 2019-20 tax year, up from £34.5bn in 2010-11, according to data that was shared with City A.M. Over the same period the total tax take from basic rate taxpayers [...]
Homes for Ukraine scheme: tax treatment April 20, 2022 The Government has announced that sponsorship payments under the Homes for Ukraine scheme will not be taxable and that the conditions for some tax reliefs will be adjusted to take account of the scheme. Homes for Ukraine scheme The scheme allows individuals, charities, community groups and businesses in the UK to bring Ukrainians to the UK and [...]
Treasury revokes Moscow Stock Exchange status as ministers look to cut off funding April 19, 2022 The Treasury has announced plans to revoke the Moscow Stock Exchange’s recognised status today as ministers look to further cut off funding from flowing into Russian firms.
Taxman ramps up asset confiscation amid Covid-19 fraud boom April 18, 2022 HMRC has confiscated assets worth £39m in around a year – a more than 700 per cent increase from 2020. The confiscations, made via account forfeiture orders over the past 11 months, dwarf that of the £4.8m the taxman snagged a year prior, according to law firm RPC. It comes as HMRC ramps up its [...]
Three Senior Tech Roles to Apply For This Week April 14, 2022 Moving up to a senior role takes some consideration: you may be at the top of your game intechnical terms and a complete whizz at what you do, but it’s worth considering that making thetransition from a team member to a leadership position needs a bit of careful consideration. To prepare, you could ask for [...]
Top traded stocks within stocks and shares ISAs April 12, 2022 As the new tax year commences, we look at why you should make the most of your ISA allowance within an IG stocks and shares ISA and dig into the most popular shares in IG clients’ stocks and shares ISAs. Utilising your ISA allowance The new tax year is almost upon us and with this [...]
Lorry drivers carrying fresh meat stuck in 24 hour queues April 10, 2022 British lorries carrying perishable goods want to be prioritised at the port of Dover as enormous queues spoil products.
Explainer-in-brief: Downing Street’s non-domicile resident April 8, 2022 The latest in a string of bad news for the chancellor’s PR team post-spring statement is, unfortunately, his other half. Akshata Murty, the daughter of an Indian billionaire, has apparently been claiming non-domicile status since she moved to the UK in 2015. This means Murty pays tax on money earned in the UK, but not [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]