The latest budget pronouncements by the Chancellor in his 2015 Autumn Statement may accelerate increases in local council taxes over the next few years, for both homeowners and businesses.
Chancellor George Osborne landed buy-to-let landlords a shock during the Autumn Statement by announcing a 3% stamp duty surcharge on property purchases from 1st April 2016.
The addition of a 3% extra charge for buy-to-let and second homes on all stamp duty bands above a ÂŁ40,000 starting level will see some purchases taking on a much larger amount of stamp duty.
According to George Osborneâs Autumn Statement and Spending Review, we all look set to face a galvanised HMRC, with an increased war chest for tackling tax evasion and avoidance. The Chancellor believes ÂŁ5bn of additional revenue is expected to be raised by his new range of initiatives. Measures are planned to introduce new penalties for the General Anti-Abuse Rule (GAAR) and disguised remuneration schemes.
Just over four months ago, George Osborne delivered his second Budget of 2015, following the Conservative Partyâs outright victory in the May general election. At that moment, the view from 11, Downing Street must have looked remarkably pleasant. Osborneâs handling of the economy was widely credited with playing a large â if not pivotal â part in the election victory. Boris Johnson and Theresa May, the Chancellorâs two main rivals in the race to succeed David Cameron, were both listing badly â albeit they hadnât quite run aground.
Before your children are off to primary school, they may be with you for much of your weekday life, and go with you wherever you go. So when you go shopping, to the bank or cash machine, they may well be there with you but are probably a bit young to be learning much about handling money, savings and being careful with their cash.
The UK is set to have a referendum by the end of 2017 which will determine whether or not we will remain a member of the European Union. In this referendum everyone of voting age will take part, answering âYesâ or âNoâ to the question of whether they wish to remain a part of the EU. Thereâs no doubt that leaving the European Union would bring about quite a few changes in the UK, but how would this decision affect Small and Medium sized Enterprises?
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