Britain’s black cabs now qualify for an incentive to go green as the new tax exemption for electric taxis comes into force this month. The exemption, worth £1,550, will apply to new cabs purchased from April 2018 onwards, and follows the Autumn Budget announcement that…
Month: April 2018
Offshore tax evasion
From 1 October 2018, HMRC will be gaining access to information from tax havens that will enable it to identify UK citizens with undisclosed offshore assets, and by inference, undisclosed UK income and taxable gains. Why does this matter? It matters because HMRC has introduced…
Spring Statement
The Chancellor, Philip Hammond, was keen to promote the positive aspects of the UK’s economic performance when he stood to present his Spring Statement on 13 March. Employment and manufacturing growth rising, Inflation and debt falling. The speech was also peppered with the usual political…
2m workers to receive a pay rise from 1 April 2018
And no, this is no April fool… Over 2 million people will get a pay rise from 1 April 2018 thanks to an above-inflation rise in the National Living Wage (NLW). The National Living Wage will go up by 4.4%, from £7.50 to £7.83, meaning…