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....Helen Morrissey, personal finance specialist at Royal London, said the number of pensioners living together has tripled to 300,000 since 2002. But she added: “Yet many tax breaks and state pension advantages apply only to legally married couples. ... [Read full article on Daily Express ]
Tuesday 23rd of May 2017 07:53:00 PM
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....Asked if the project was viable without the concession, Canavan said it was “a matter for Adani” and that whether the concession could make the difference depended on its terms. He said if the mine earned about $100m in royalties a year, the $300m tax break would amount to three years of royalties for a mine that would stay open for 60 years. ... [Read full article on Guardian ]
Monday 22nd of May 2017 11:31:04 PM
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Latest Finance News related to Tax Break

The financial benefits of getting married in retirement image
Source : Daily Express [Read Article] Tuesday 23rd of May 2017 07:53:00 PM
....Helen Morrissey, personal finance specialist at Royal London, said the number of pensioners living together has tripled to 300,000 since 2002. But she added: “Yet many tax breaks and state pension advantages apply only to legally married couples. ...
Adani royalty rate akin to 'rent free' period in Galilee Basin, Matt Canavan says image
....Asked if the project was viable without the concession, Canavan said it was “a matter for Adani” and that whether the concession could make the difference depended on its terms. He said if the mine earned about $100m in royalties a year, the $300m tax break would amount to three years of royalties for a mine that would stay open for 60 years. ...
Greeks walk out in general strike over cuts image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:32:45 AM
.... . MPs are set to vote on controversial reforms on Thursday that will cut pensions and end tax breaks. ...
French TV company behind Versailles to invest in UK drama image
Source : Guardian [Read Article] Monday 15th of May 2017 05:00:36 AM
....However, Newen, which could make as many three series a year in the UK, is also looking to bring a wave of French shows to the UK market from the 30-plus production companies it owns. There has been a boom in investment in high-end TV in the UK by domestic and foreign companies thanks to high-quality talent both on and off-screen, as well as financial factors such as an attractive tax break for drama that costs more than £1m per episode. ...
Brexit could slash the price of a pint by 20p if pubs unleashed from Brussels' red tape image
.... He told the MailOnline: "CAMRA is right to try and use this opportunity to create political support for pubs. "Pubs and supermarkets should be taxed equally – supermarkets don’t need tax breaks. ...
Hello Arizona   image
Source : BBC [Read Article] Thursday 4th of May 2017 11:27:10 PM
.... . It called for "public actions", such as tax breaks and investment in transport and housing, to keep New York competitive with international rivals and the smaller US cities nipping at its heels. ...
Greece will avoid default after bailout deal – but faces more austerity image
....With poorer out-of-work families often depending on them, news of a further drop was met with fury by union leaders, who immediately announced industrial action. The two-party coalition led by the prime minister, Alexis Tsipras, also agreed to broaden the tax-free threshold by effectively dispensing with tax breaks as of 2020. ...
Greece reaches deal with creditors to pave way for bailout talks image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 04:59:34 AM
....8bn) in cuts in 2019 and 2020. Athens conceded fresh pension and tax break cuts in return for permission to spend an equivalent sum on poverty relief measures. ...
General election: May paves way for end to pledges on NI and income tax image
....However, she insisted that overall her party would reduce the taxes on working families, with possible plans to further raise the personal allowance threshold, the level at which income tax kicks in. The Conservatives are also considering tax breaks to help people fund care for elderly relatives. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....If the cuts announced in 2015 were fully in place now, nearly 3m working households with children on tax credits would be an average of £2,500 a year worse off, with larger families losing more. The scheduled cuts for lower-income families come alongside tax breaks worth £5bn a year that predominantly benefit middle- and higher-income households. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....The secretive nature of the Trump Organization, which the president has not divested from, and the lack of Trump’s own tax returns to work with, made it difficult to pin down how much the president and his family could stand to gain from the tax code changes proposed on Wednesday, analysts said. Chuck Marr, director of federal tax policy at the nonprofit Center on Budget and Policy Priorities, referred the Guardian to a paper in which he wrote that, “conservatively… the Trump plan would give the 400 highest-income households a tax break of about $9m each” per year. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Yes, we need effective policies that prevent housing sitting empty. But also tax breaks for those who offer empty rooms to lodgers and policies that encourage home-based work. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
.... . On Wednesday, before the briefing, Senator Chuck Schumer tweeted: "We'll look at it, but if gives a huge tax break to the very wealthy that won't pass muster w/ Democrats. ...
Theresa May promises personal tax allowance will go up to woo working-class voters image
....2 million people. Any attempt to offer tax breaks to lower income workers is likely to win the Tories votes. ...
Industrial strategy 'must help' UK creative industries image
Source : BBC [Read Article] Saturday 15th of April 2017 02:53:13 AM
....The Creative Industries Federation says film-making, music, advertising and video games are all big export earners but are often overlooked by ministers. It says enterprise zones, tax breaks and access to finance could help firms. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
.... There is no suggestion that any of the companies have acted illegally. Ana Arendar, Oxfam’s head of inequality, said: “These companies have deepened their use of tax havens and increased efforts to build influence to push for even greater tax breaks than they already have. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
.... But, as every business person knows, there is a world of difference between borrowing for capital spending and borrowing to fund the payroll and day to day trading or service delivery. “The risk of bankruptcy comes not when you borrow to invest in projects that will deliver growth but when you give tax breaks to big companies and the wealthy when you don’t have enough money to run public services. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... Connecticut offers the rich a country base, only a short helicopter ride from Manhattan. It also helps that the state is fighting to keep a significant tax break for its richest residents. ...
Millions of older people may miss new inheritance tax break image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 09:51:00 PM
.... . That is because they have assigned a brother or sister to inherit their family home, which disqualifies them from the tax break. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
.... The truth is that vested interests don’t want this because the more precarious their workforce, the greater the amount of risk they can pass on to their employees, the less they can pay and the less they have to innovate. While firms may headline their requests for spending cuts and tax breaks as demands for a “flexible and innovative economy”, what their behaviour tells us they really want is a low-wage workforce and less competition. ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....Funds can be accessed at any age and redeemed against the cost of regulated financial advice, where fees range from £75 to £150 an hour. Yet many over-55s are unaware of the allowance and do not realise there is a further £500 tax break for employer-arranged advice, LV= says. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
.... But it would still leave an expanded pool of independent workers, low-paid and effectively self-insuring against sickness and maternity leave. In the long run, although Hammond’s tax grab is a bad idea, they should contribute more via NICs, get a form of social insurance in return, and fewer income tax breaks. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
.... Although the border adjustment tax has not seeped into public consciousness in nearly the same way as Trump’s wall, it could end up affecting the average American a lot more – and not necessarily in a good way. On the surface, the basic idea is to slap a tax of, say, 20% on imports, and to provide tax breaks worth a similar amount on exports. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
.... A swath of middle-class high earners, especially in the media industry, have reduced their tax bills by arranging to be paid through personal service companies. But from next year they will be forced to pay an extra £975 a year in tax, after Hammond also reduced the tax break on paying yourself through dividends. ...
Budget 2017: Tax-free dividend allowance slashed image
Source : BBC [Read Article] Wednesday 8th of March 2017 06:04:27 PM
.... . Mr Hammond said that the cut to £2,000 was meant to "address the unfairness" around the dividend allowance, which he described as "an extremely generous tax break for investors with substantial share portfolios". ...
Budget 2017: What it means for you image
Source : BBC [Read Article] Wednesday 8th of March 2017 02:09:53 PM
...."The chancellor should not forget that growth in self-employment has driven our labour market in recent years and punitive rises in tax will make many people have second thoughts about striking out on their own," said Chris Bryce, chief executive of IPSE. Director shareholders will see a tax break reduced on the dividends they receive. ...
Budget 2017: £2bn for social care and tax rise for self-employed image
Budget 2017: Chancellor announces North Sea help image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:29:53 PM
....Derek Mackay, the Scottish government's finance secretary, had also written to the chancellor calling for "action to improve decommissioning tax relief, ensuring that the right assets are in the right hands". So what are these "tax breaks?" Well, the commitment to decommissioning was always a joint liability between the operators and the government, both of whom have benefitted from the bonanza. ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....However, it is possible for people to be given far too much warning of impending changes. Chancellor Nigel Lawson discovered that when his 1988 Budget announced the end of a valuable tax break for unmarried couples who were buying homes, known as multiple mortgage tax relief. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Since last April, second home buyers and investors have had to pay a 3 per cent stamp duty surcharge, driving up the bill on a £300,000 property from £5,000 to £14,000. Osborne also ditched rules allowing landlords to claim a 10 per cent tax break for “wear and tear”, only letting them deduct the costs they incur. ...
Creative sector fills UK coffers as money pours into film and TV production image
.... All three were shot in the UK, reflecting the ongoing boom in the film production industry. The industry has flourished over the past decade, following the introduction of a 25% tax break for foreign film-makers, mostly exploited by Hollywood studios that have shot blockbusters in the UK. ...
Business group calls for change to schemes giving tax breaks to 'select few' image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 12:01:00 AM
.... . “There are simple solutions to the problem such as closing schemes that offer publicly funded tax breaks to the elite few. ...
Savers warned: Pension tax relief could be SLICED in March Budget  image
Source : Daily Express [Read Article] Tuesday 28th of February 2017 03:36:00 PM
. Deeply unpopular reforms of retirement saving tax breaks have been looming for years. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
....But on the whole, governments have been “too deferential” in the rise of financialised housing, she says. Many subsidise it through tax breaks and bank bailouts, while simultaneously slashing public spending on social housing programmes. ...
HMRC criticised over film industry tax avoidance probes image
Source : BBC [Read Article] Saturday 25th of February 2017 02:46:36 AM
. HMRC has rejected criticism by Andrew Tyrie, chairman of the Treasury select committee, over its response to the exploitation of tax breaks for the film industry. ...
Paris, Frankfurt, Vilnius: how EU cities are vying for London's bankers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....France’s finance watchdog and securities regulator have done their bit: London-licensed operators can now get “pre-authorisation” to open in Paris within a fortnight and even do the paperwork in English. As part of the same government-backed red-carpet rollout, Paris has also pushed through one of the EU’s most generous expat tax regimes, including tax breaks of up to 50%, in the hope of pulling in international high earners. ...
Move over granny: the ‘graddy annexe’ is on the rise image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:18:11 PM
.... With nearly half the graduates who paid full tuition fees in 2015 back living with their parents, plus all the other young adults unable to get a foot on the property ladder, there has been a boom in so-called “graddy annexes” to accommodate young people moving home. According to reports, the number of homes with an annexe for family members has jumped by a third in the past two years – thanks to council tax breaks for those building to house relatives. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....Foster from Brewin Dolphin points out that after the last period of intense gold speculation in the 1970s, it spent two decades going down. While recognised as one of the most rewarding investments of the past two decades, a surprise raid on mortgage tax breaks by former chancellor George Osborne in 2015 means that success looks to be at an end. ...
What is an ISA? How to save money with an ISA? Advice and tips image
Source : Daily Express [Read Article] Thursday 9th of February 2017 05:00:00 PM
....   . “ISAs are one of the most popular and accessible ways to benefit from generous tax breaks offered by the government to encourage you to save,” he said. ...
Paris steps up drive to woo London bankers uprooted by Brexit image
Source : Guardian [Read Article] Monday 6th of February 2017 04:04:18 PM
. Paris is targeting the “tens of thousands” of bankers its hopes will be driven out of London by Brexit, dangling the promise of tax breaks and flexible redundancy rules to complement the French capital’s cultural charms. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....”. From April 2017, however, non-doms will lose some of their advantages and foreign nationals will no longer be able to enjoy tax breaks indefinitely in the UK. ...
Shell begins huge task of decommissioning Brent oil rigs image
Source : Guardian [Read Article] Monday 6th of February 2017 07:01:20 AM
....But critics think the tax regime is unjust. “The massive tax breaks being offered to the oil and gas industry to clean up its toxic legacy amount to yet another subsidy to the fossil fuel industry,” said Banks. ...
Falling DVD sales put boot into profits at Sony Pictures image
Source : Guardian [Read Article] Friday 3rd of February 2017 04:16:33 PM
.... Other films, such as Paddington 2, had to use alternative studios. The UK film production industry has flourished over the past decade following a 25% tax break for foreign film-makers, mostly exploited by Hollywood studios making productions in the UK. ...
Jobs for all? In the US that idea is about to be tested to destruction | John Harris image
.... It also rests on simple maths, and how on earth Trump and his people might square the kind of fiscal activism not seen since the 1930s with his plans to slash taxes. Trump has vaguely talked about public-private partnerships and tax breaks for infrastructure companies; by way of calling his bluff, Democrats in the Senate have drawn up a $1 trillion infrastructure plan they say could largely be funded by the federal government. ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
....Energy storage is seen as a key way for the National Grid to cope with the intermittent nature of a growing amount of renewable power, which now accounts for 25% of electricity generation. Batteries are also key to the electric vehicles which the government has enthusiastically backed with grants and tax breaks. ...
10 ways to cut your tax bill image
Source : Guardian [Read Article] Saturday 14th of January 2017 07:00:19 AM
.... But there are numerous ways that you can legally reduce your bill by using rebates and allowances, without resorting to dodgy tactics. Some are new tax breaks that have only come into force in recent years, while others have always been available but are little known. ...
Lower-paid 'must get help to save' image
Source : BBC [Read Article] Thursday 12th of January 2017 01:23:07 PM
....The idea is to prevent banks and building societies luring potential savers with introductory offers then penalising them for loyalty if they subsequently fail to switch accounts. Other recommendations include further investment in the Help to Save scheme, paid for by reducing some of the tax breaks offered to those who can save more in Individual Savings Accounts (Isas). ...
Malta accused of being tax haven as it takes EU presidency image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:00:14 AM
.... But the report states that the actual rate is only 5%, once generous refunds on dividends are taken into account, an analysis backed up by an earlier study from the EU executive. The latest report also singles out an elaborate regime of tax breaks for intellectual property that amount to “aggressive tax planning”, allowing some companies to pay zero corporation tax. ...
Snapchat sets up international office in London image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:14:48 AM
....It will pay taxes on UK and some international sales through the hub. The move is unusual for a US technology company, many of which set up international headquarters in Ireland or other European countries due to tax breaks. ...
Save on tax: 10 ways to - legally - cut what you pay to HMRC  image
Source : Daily Express [Read Article] Sunday 8th of January 2017 04:33:00 PM
Nearly 3m UK couples missing out on free tax break image
Source : Guardian [Read Article] Sunday 8th of January 2017 12:44:56 PM
....More than 2. 9 m couples across the UK are missing out on a free tax break worth up to £220 a year, according to HM Revenue and Customs which has launched a campaign to get more people to apply for its transferrable marriage allowance. ...
Toyota will face 'big border tax' if Mexico plant makes US cars, Trump says image
....Trump’s campaign platform heavily criticized companies for moving labor out of the US, but thus far his favored method of dealing with corporations has been rewards via back channels, rather than punishment. Instead of taxing air conditioner company Carrier more for exporting jobs, however, Trump and Indiana governor Mike Pence offered the Indiana-based company $7m in tax breaks to keep 700 jobs. ...
Tax, not tech, gives Airbnb advantages in UK image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 10:27:41 AM
....According to the Financial Times, around one third of the savings the company offers customers on accommodation in London comes from having a lower tax bill. Where a traditional hotel has to pay expensive business rates on its property, and charge VAT on the entire cost of its stay, individuals and small businesses who let out rooms on Airbnb have a much lighter taxation regime: the service only charges VAT on its service fees, not on the bulk of the cash transferred from guest to host, and homeowners are recipients of a number of tax breaks aimed at encouraging them to take on lodgers. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... The “Trump trade” powering Wall Street is based on an assumption that he will do all of the semi-sensible things he has suggested to boost the US economy, while fulfilling none of the reckless campaign promises that would derail it. Share prices are also being driven by salivation that he will deliver the lavish tax breaks he promised corporate America. ...
Deadline: one month left to file your tax return image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:00:21 AM
....However, because it didn’t come in until April this year, this change doesn’t affect the current return, so fill that in as normal. What about those tax breaks for Airbnb hosts and eBay sellers? Yes, in the March 2016 budget, George Osborne said he wanted to help the growing numbers of “micro entrepreneurs” making a bit of extra money on the side, so the government is introducing two new tax-free allowances each worth £1,000 a year – one for property income and one for trading income. ...
Diesel farms make fresh bids to supply National Grid back-up power image
Source : Guardian [Read Article] Tuesday 6th of December 2016 08:25:42 AM
....Industry sources said one farm can easily make £5m a year, while non-profit climate analysis firm InfluenceMap today claims the diesel farm industry could pick up £500m in a matter of years. In some cases, investors are also eligible for generous tax breaks. ...
Donald Trump vows 'consequences' for companies leaving US image
Source : BBC [Read Article] Thursday 1st of December 2016 10:56:29 PM
....Carrier Corp has been promised a $7m (£5. 5m) package of tax breaks over 10 years in exchange for reportedly saving 800 union workers whose jobs would have been outsourced to Mexico and an additional 300 research and headquarters positions. ...
Potential conflicts image
Source : BBC [Read Article] Thursday 1st of December 2016 12:50:18 AM
....The emoluments clause specifically prevents anyone who holds a US "office of trust or profit" from accepting gifts, payments or any benefit from a foreign nation. Even routine business benefits like tax breaks would likely violate the emoluments clause once Mr Trump becomes president. ...
Potential clash image
Source : BBC [Read Article] Thursday 24th of November 2016 01:10:13 AM
....America's founding fathers included this to prevent US leaders from being beholden to foreign governments. If the Trump Organization accepts special deals, such as tax breaks or land rights overseas, it could run foul of the clause. ...
Taxpayers may be liable for North Sea decommissioning bill, says study image
.... . Speaking to the Good Morning Scotland programme, he said: "The reality is we have got foreign owned oil and gas companies that are going to enjoy huge tax breaks at our expense and they are taking vital decommissioning work abroad. ...
'Just about managing' families to be £2,500 a year worse off by 2020 – study image
.... He warned on Sunday that the government is facing a “sharp challenge” in the face of the Brexit vote, but indicated that there would be some limited relief for those who are struggling. The prime minister will also announce tax breaks and an annual £2bn investment fund for research and development to big businesses on Monday – an offer likely to be criticised for failing to address welfare cuts. ...
Film industry tax avoiders face multi-million pound bill image
Source : BBC [Read Article] Saturday 19th of November 2016 09:15:30 PM
....". The Eclipse partnership lost a Supreme Court appeal earlier this year over its use of tax breaks introduced by the government in 1997 to encourage investment in the film industry. ...
Dear Mr Hammond image
Source : BBC [Read Article] Friday 18th of November 2016 12:16:50 AM
....Nick Grey is the founder and chief executive of Gtech, a Worcester-based firm that makes cordless vacuum cleaners and garden tools. He would like the chancellor to support research and development by extending tax breaks for investment in R&D. ...
Labour MP calls for urgent investigation into tax avoidance scheme image
Source : Guardian [Read Article] Wednesday 16th of November 2016 11:42:27 AM
....”. Guardian undercover footage shows Patrick Griffin of Premier Payco, a provider of the schemes, outlining how workers’ contracts are being transferred from a single employment agency into a web of thousands of tiny companies to benefit from an accumulation of small tax breaks, and how each of these tiny companies is ostensibly run by overseas directors. ...
Labour and unions demand action on temp agencies’ tax avoidance image
Source : Guardian [Read Article] Wednesday 16th of November 2016 07:00:12 AM
....Agencies have made large sums by using “contrived” financial arrangements to slash their employer’s national insurance bills and by exploiting VAT rules originally designed to benefit very small businesses. Guardian undercover footage shows Patrick Griffin of Premier Payco, a provider of the schemes, outlining how workers’ contracts are transferred from a single employment agency into a web of thousands of tiny companies, to benefit from an accumulation of small tax breaks, and how each of the companies is ostensibly run by overseas directors. ...
Revealed: temp agencies' avoidance scheme costs taxpayers 'hundreds of millions' image
....Guardian undercover footage shows Patrick Griffin of Premier Payco, a provider of the schemes, outlining how:. • Workers’ contracts are being transferred from a single employment agency into a web of thousands of tiny companies that benefit from the tax breaks. ...
Trump's $1tn pledge sounds impressive but beware the small print image
Source : Guardian [Read Article] Thursday 10th of November 2016 07:45:58 PM
.... But any president, even one whose party controls both houses of Congress, would struggle to get such a programme of massive expansion approved by the fiscal hawks. It seems far more likely that Trump’s $1tn figure refers to money he hopes other people will provide, albeit encouraged by tax breaks and partnerships. ...
US Election 2016: Asia markets bounce back after Trump win image
Source : BBC [Read Article] Thursday 10th of November 2016 12:36:08 AM
.... . He added that while Mr Trump had set out several broad economic policies, including corporate tax breaks and the renegotiating or scrapping of trade deals, there was no certainty these would go ahead. ...
Closed for business image
Source : BBC [Read Article] Friday 4th of November 2016 11:15:20 PM
.... Nearby oil and gas reserves have provided jobs, although that industry has gone through boom and bust. There's a large military base nearby and the city once had a thriving film industry lured in by tax breaks. ...
Britons are failing to claim marriage tax allowance image
Source : Daily Express [Read Article] Wednesday 2nd of November 2016 07:58:00 AM
....“However, the married couple’s allowance is the more beneficial one,” he added. Find out more about both tax breaks by visiting the Government website Gov. ...
Cartoon king image
Source : BBC [Read Article] Sunday 23rd of October 2016 11:00:44 PM
....". Taking advantage of grants and tax breaks available to filmmakers in Canada, the brothers formally set up their business, Salter Street Films, in Halifax, Nova Scotia in 1990. ...
Brexit bienvenue image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:21:32 PM
....A charm offensive is under way to lure from London as much financial business as possible - and to tempt back some of the tens of thousands of French expats who left to work there. The Socialist government is on board, promising tax breaks for returnees, lower company rates and more international schools. ...

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