Half of first-time buyer home purchases are being financed by the so-called ‘bank of mum and dad’, according to research carried out by property group Savills. Savills’ research found that contributions towards buying a first home by parents’ are likely to top £9.8 billion this year. It said that rising house prices have only put …
‘Bank Of Mum And Dad’ To The Rescue For Half Of First-Time Buyers Read More »
Self-assessment taxpayers have been reminded by HMRC that the deadlines for filing 2020/21 tax returns are now approaching. The deadline for 2020/21 tax returns is 31 October 2021 for those completed on paper forms and 31 January 2022 for online returns. HMRC has already seen thousands of people filing their returns – more than 63,500 …
A survey carried out by the Institute of Directors (IoD) has found that as a result of the increase in national insurance contributions (NICs) three in ten businesses now plan on employing fewer people. Plans to provide an additional £12 billion per year of funding for health and social care, funded by a new 1.25% …
IoD Finds That NIC Increase Will Lead To Three In Ten Firms Employing Fewer People Read More »
Prime Minster Boris Johnson has been warned by business groups that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground. The Prime Minister used his speech at the Conservative Party conference to outline his vision for an optimistic UK, buoyed by higher wages and improved opportunity for …
Fragile Economy On Shaky Ground, Business Groups Warn Read More »
An £800 million Reinsurance Scheme to cover live events against coronavirus (COVID-19)-related cancellations has been opened by the government. The live events sector is worth more than £70 billion annually to the UK economy and supports more than 700,000 jobs, including many small businesses and self-employed individuals. The UK Live Events Reinsurance Scheme will support …
HMRC has announced that the government has delayed the introduction of Making Tax Digital (MTD) for Income Tax self-assessment (MTD for ITSA) for a year. The government says it has made the move in recognition of the challenges faced by many UK businesses as the country emerges from the pandemic. Making Tax Digital (MTD) for …
Introduction Of Making Tax Digital For Income Tax Self-Assessment Delayed Read More »
