Topic filter : Tax Relief

Most trending topics in Business & Finance ( last 24 hours ):
Cyber-attack Research And Development Amazon Luxury Brand Luxury Auction Car Industry BMW Investment Tax Avoidance Corporate Tax Travel Tax Haven Distributor YouTube Loss Economy Working Conditions Uber Chief Financial Officer Passenger Ryanair Brexit Healthcare Democrats Annual Salary Debt Salary Scandal Manufacturer Homeowner Fraud Compensation Lloyds Bank Commuter Supermarket Childcare Holiday Bank Of England Credit Card

Socially Most Trending News

. The government paid out almost £600m in tax relief last year to the makers of blockbusters including Baby Driver, Star Wars and T2: Trainspotting, as well as big-budget TV dramas including The Crown. ... [Read full article on Guardian ]
Thursday 20th of July 2017 05:30:42 PM
Total Trend count
28
Most trending on :
25 2 1

Latest Finance News related to Tax Relief

Big-budget films receive increase in tax relief to almost £600m image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:30:42 PM
. The government paid out almost £600m in tax relief last year to the makers of blockbusters including Baby Driver, Star Wars and T2: Trainspotting, as well as big-budget TV dramas including The Crown. ...
PENSION WARNING: Savers accessing pots early falling into ‘disastrous’ tax trap image
...."Kate Smith, head of pensions at Aegon added: “The FCA’s figures suggest we’re seeing the majority of small pots accessed well before traditional retirement age with around two fifths of people either paying down debts or spending the money, with half saving or investing it. "The trend for people to withdraw money and save it is somewhat concerning given that many be moving towards low paying cash accounts and limiting their ability to benefit from further tax relief via a pension. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
.... The two policies were in the firing line for Tories looking to cut Government spending. But another avenue for savings is reforming the tax relief system. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
. Workers are potentially missing out on tax relief on their pensions contribution thanks to a tax loophole. ...
UK taxpayers face multi-billion burden for dismantling of North Sea rigs image
....7bn, according to a report by the Oil and Gas Authority (OGA). About half of that will be borne by oil companies, the rest by the public purse through tax relief. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....”. Mark Harris, chief executive of mortgage broker SPF Private Clients, said it was no surprise that buy-to-let lending had been subdued, as the sector was still coming to terms with various changes, such as the reduction in mortgage interest tax relief, tougher lender criteria and the 3% hike in stamp duty that took effect in April 2016. ...
Philip Hammond under pressure to spend to lure voters back to Tories image
Source : Guardian [Read Article] Saturday 17th of June 2017 03:00:41 PM
.... These would have been passed comfortably in the event of the expected large Tory majority but are now at the mercy of a hung parliament. These include the “making tax digital” programme aimed at putting more of the tax system online, restrictions on corporation tax relief and scrapping non-domicile status. ...
REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election image
....Don't miss out on free cash Around a quarter of older people are missing out on the chance to boost their retirement savings by hundreds of pounds a year by opting out of work-based savings schemes, research has showed. Savers can boost their pension pot by average £433 a year after tax relief and employer contributions are taken into account, according to NOW:Pensions. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....“Where workers are unaware of this option, or choose not to take it up, they are in effect passing up on ‘buy-one, get-one free’ cash,” says Royal London, which has worked out that, between them, these people are missing out on around £2bn each year. It’s worth remembering that when an individual contributes £1 to a pension and receives standard-rate tax relief from the government, the actual cost to the worker is only 80p. ...
Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
.... . He said: "Reforming the funding of social care will almost certainly be kicked into the long grass as will any big shake up of pension tax relief. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
...."We will now have a period of limbo while a new Government is formed and we may well be heading back to the polls later this year. “It means that key decisions around the state retirement age, the state pension triple lock, social care funding and pension tax relief are all going to take a back seat while the wheels of Westminster slowly turn. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
.... . Critics of Lisas argue they could put some people off saving into their workplace pension, where they get the benefit of “free” money into their retirement pot from employer contributions and tax relief. ...
REVEALED: How one in four over 55s could DOUBLE pension savings  image
Source : Daily Express [Read Article] Friday 2nd of June 2017 03:40:00 PM
.... Older workers are three times more likely to spurn employment pensions - even though they are in effect turning down free money. Opting out of workplace pensions means missing out on an average £433 a year after tax relief and employer contributions are taken into account, according to NOW:Pensions. ...
David Beckham and other celebrities lose £700m tax case image
Source : BBC [Read Article] Thursday 1st of June 2017 02:53:43 PM
....Celebrities including David Beckham and Wayne Rooney have lost a legal bid to overturn a £700m tax bill. They were among more than 1,000 people who invested in the Ingenious film financing schemes in the hope of securing tax relief. ...
Beckham-backed film funding firm loses fight against £700m tax bill image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:32:25 PM
....Ingenious had attracted 1,400 investors – who also included Wayne Rooney and Jeremy Paxman – with the promise of profits as well as tax breaks by supporting films such as Avatar and Life of Pi. However, HMRC argued such schemes were not legitimate investments but a means of avoiding tax, and last August a court ruled investors should only receive tax relief on 30% not 100% of their investment. ...
Income tax: Record numbers paying top rate of 45p image
Source : Daily Express [Read Article] Thursday 1st of June 2017 12:01:00 AM
.... . Wage inflation and reducing the pension tax relief for higher earners are thought to be the largest factors behind the increase. ...
Mortgage approvals at seven-month low image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:05:22 AM
....One theory is that landlords might have brought forward purchases, to avoid the latest in a series of tax changes. From 1 April, the amount of tax relief they could claim on mortgage payments was reduced. ...
Leave oil rigs in the North Sea, say conservationists image
Source : Guardian [Read Article] Monday 29th of May 2017 01:46:15 PM
....”. The trust said the savings for oil firms and the government – which has also been criticised over tax relief on decommissioning costs – could be ploughed back into a marine stewardship fund, as a form of compensation for leaving rigs in-situ. ...
REVEALED: How YOU could get bumper returns of 6.1 per cent with new ISA  image
Source : Daily Express [Read Article] Friday 26th of May 2017 03:57:00 PM
....However, Zopa is also scrapping a 'Safeguard' fund which is currently used to reimburse customers of Zopa products, with the exception of Zopa Plus, who lose cash in the event of a borrower default. The provider said tax laws introduced in 2015 that allow investors to claim tax relief on losses now covers the main purpose of its Safeguard fund. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
....One possible reason for the fall is that landlords might have brought forward purchases, to avoid the latest in a series of tax changes. From 1 April, the amount of tax relief they could claim on mortgage payments was reduced. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
....In April 2016, landlords became liable for a higher rate of stamp duty. And since last month, they have been able to claim less in tax relief on mortgage interest payments. ...
Picture perfect: how to make an art of your investments image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Investment experts say modern art is an effective hedge against inflation – returns tend to be better at times when prices in the economy are rising, which is the case now. When selling, anything under £6,000 is exempt from capital gains tax and further tax relief applies up to £15,000. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
....Since April 2016, landlords have faced a 3% surcharge on stamp duty - or Land and Buildings Transaction Tax in Scotland - if they already owned another property. There have also been changes to what landlords can claim in tax relief. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... It comes after relief on borrowing costs has been reduced to the basic rate of income tax, and over the next three years will be cut to zero. Buy-to-let owners have also been restricted for tax relief claims on wear and tear. ...
Labour's stealth pension tax RAID: Corbyn's plans set to hit retirement savers  image
....However, this is set to have big implications on pension saving. This is because tax relief is based on income tax rates. ...
Lifetime ISA 'THREAT' to retirement income: How LISA could damage YOUR pension image
.... Under the account, every £4 put into a LISA will earn another £1 from the Government on up to £4,000 of savings every year. But basic rate tax payers already get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
Hard Brexit would cost us £500m a year, says oil and gas industry image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 02:09:22 PM
....The UK oil industry has contributed £190bn to the Treasury since the 1960s, not adjusted for inflation, but prospects for the coming few years are uncertain, and oil majors have begun to sell North Sea assets to smaller, independent players. Falling production and tax relief for decommissioning old rigs caused a net drain on public finances last year, costing the exchequer £396m. ...
Are you set to lose tax relief on YOUR pension after this General Election?  image
....The account is just the latest in a number of tweaks and changes to retirement saving in Britain during recent years, which risks leaving many confused. Further meddling is widely expected after a Government consultation on pension tax relief. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....This added £7,500 to the cost of buying a £250,000 house, while Osborne also removed the landlord wear-and-tear allowances. Higher rate tax relief on mortgage interest repayments is being steadily phased out from this month, costing some investors many thousands more every year. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
....Another controversial item dropped from the finance bill was the reduction in the so-called money purchase annual allowance from £10,000 to £4,000, which affects people aged over 55 who have already made use of the pension freedoms introduced in 2015 that abolished the requirement to convert a pension pot into an annuity. In theory, this change took effect on 6 April 2017 and was designed to restrict the extent to which individuals could gain a second helping of tax relief by withdrawing savings and reinvesting them into their pension. ...
PENSION CRISIS: Women LAGGING behind in huge pensions gap image
Source : Daily Express [Read Article] Wednesday 19th of April 2017 12:01:00 AM
....Men and women have received a big boost from the Government-backed auto-enrolment scheme, which has given 7. 6 million mostly lower-paid workers access to a company pension scheme for the first time, with employer top-ups and tax relief. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
.... Accounts can be held in cash, or stocks and shares. You will not receive tax relief on money paid in, and an employer is unable to contribute. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....The number of UK craft brewers has grown 65% from 1,026 in 2011 to around 1,700 today, more per capita than any other nation in the world. Such rapid growth was made possible by tax reliefs introduced by Gordon Brown as chancellor in 2002 and further fuelled by a shift in appetites towards independent “craft” beers. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... For example, if Republicans eliminated the mortgage-interest deduction for homeowners, the US housing market would crash. Ultimately, the only sensible way to provide tax relief to middle and lower-income workers is to raise taxes on the rich. ...
Landlord tax changes come into effect TODAY: 'Renting will be more expensive', say critics image
. Two-thirds of landlords plan to increase rents as tax relief for mortgage interest is cut by the Government, research from the Residential Landlords Association (RLA) showed. ...
Tax relief cut doesn’t add up for landlords, plus Bank warns over consumer credit image
....Few fathers can afford to take shared parental leave, say campaigners. Mortgage tax relief cut doesn’t add up for buy-to-let landlords. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
....However, in many cases it will make more sense for workers to use employment-based pension schemes than a Lifetime ISA. At the moment basic rate tax payers already get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
Fears for state pension: Over-55s believe vital income could be SCRAPPED by Government image
. The majority of older people believe the payment will be reduced and tax relief on pension contributions will also be cut, showed research by pension provider Prudential. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... But Brewis says he had no choice but to give them notice, thereby forcing them to find somewhere else to live, because of major tax changes being phased in from this Thursday. Brewis says he has decided to sell the property because the cut in tax relief on mortgage interest payments for buy-to-let landlords means that in this particular case the maths no longer stack up, and he would end up making a net loss. ...
UK film industry 'needs government support' after Brexit image
Source : BBC [Read Article] Friday 24th of March 2017 10:29:58 AM
...."Culturally, it's very important British independent reforms are supported perhaps in a greater way," he said. In 2015, government support for the UK film industry through tax relief was £251m. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
.... . Steven Cameron, pensions director at insurer Aegon, said any cuts would hit savers hard: “The Chancellor may view pension tax relief as a soft target to balance the Government’s books, but risks undermining the country’s long-term savings. ...
Starting a child pension pot could repay a small fortune at retirement image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 10:01:00 PM
....“You receive interest upon interest, which is one of the most powerful forces in finance,” he said. Families can claim pensions tax relief at 20 per cent on contributions up to £3,600 a year, turbo-charging their child’s savings pot. ...
Eight tax changes savers should watch out for from April 2017 image
Source : Daily Express [Read Article] Tuesday 21st of March 2017 01:47:00 PM
.... . “From April tax relief on property loans for residential property will be restricted for higher rate taxpayers, increasing the amount of tax paid on rental income. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....Second home buyers have to pay a 3 per cent stamp duty surcharge on purchases, while wear and tear allowances have also been squeezed. The screw will tighten in April, when higher rate tax relief on mortgage interest payments will begin being phased out. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
. People approaching retirement typically try to add as much as possible to nest eggs to benefit from tax relief. ...
Savers and Pensions: How the Chancellor's spring BUDGET plans can affect you  image
Source : Daily Express [Read Article] Sunday 12th of March 2017 03:23:00 PM
....Following last year’s cut to the Lifetime Allowance, there is another ugly pensions development next month, when the amount of money the over-55s can invest in their pension after making pension freedom withdrawals will fall from £10,000 to just £4,000. The Money Purchase Annual Allowance (MPAA) is designed to stop people recycling pension contributions to claim double tax relief, although it does not apply to 25 per cent tax free cash withdrawals. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
. Buy-to-let returns are set to be eroded as mortgage interest tax relief is reduced to the basic rate of income tax over the next four years. ...
Wetherspoons chairman criticises 'dinner party' Budget image
Source : BBC [Read Article] Friday 10th of March 2017 08:04:21 AM
.... . The newly announced pub tax relief made little difference, Mr Martin added. ...
Savers urged to use THIS simple trick to beat dividend tax changes image
Source : Daily Express [Read Article] Thursday 9th of March 2017 04:32:00 PM
.... Another option is a Self-Invested Personal Pensions (Sipp), which also ring-fences dividends from tax if money is not needed until age 55 - or 57 from 2028. The tax benefits of SIPPs are a good option for many, as investors can also benefit from pension tax relief. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
....The gap between supply and demand grew, as the number of new tenants signing up with agents increased for a third month running. New rules on the tax relief available to landlords are set to come into force in April, and some have predicted that this could lead to a drop in the number of properties available to rent. ...
Smokers could earn £3,839 after quitting for just a year, figures reveal image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 08:38:00 AM
.... . “Instead of paying tax on cigarettes, around 75 per cent of the cost, they can claim tax relief on contributions to their pension instead,” he added. ...
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". ...
Goodbye Spring Budget image
Source : BBC [Read Article] Tuesday 7th of March 2017 12:11:17 AM
....Mr Roy-Chowdhury points out that moving the government announcements matters to the general public as well. "If there is a range of changes twice a year to things like national insurance, personal allowances, pensions tax relief or savings allowances, it is harder for ordinary taxpayers to keep up," he says. ...
Budget 2017: The misplaced confidence of the British consumer image
....The chancellor's challenge? Unlock some of that cash and get corporations to invest more. By threat or inducement (that is, through taxing or tax relief), Mr Hammond must shift the economy away from a dependence on the unduly confident consumer. ...
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
....At midnight on April 5, the last day of the financial year, another new tax will blow up in landlords’ faces. Investors will no longer be able to claim higher rate tax relief on mortgage interest payments, in a move that could turn profits into losses. ...
New Lifetime ISA launched in April: Should you use it to boost retirement savings?  image
.... It's feared workers could spurn existing pension schemes that hold a number of benefits for long-term savers. At the moment basic rate tax payers ALREADY get £1 for every £4 saved in pensions from the Government in tax relief, while higher earners get £2 from the Government for every £3 saved. ...
ISAs 2017: Can I move existing shares into an ISA? What happens to my ISA if I go abroad? image
....If you already have an ISA do you get two allowances each year?. If you decide to leave the country you can keep your existing ISA and your investments and savings will still be eligible for tax relief. ...
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
.... Alternatively, Mr Hammond could consider trimming annual or lifetime allowance for savings. At the moment, a pot of up to £1million can be saved and gained from tax relief - or up to £40,000 for a year, unless you earn more than £150,000 annually. ...
HMRC criticised over film industry tax avoidance probes image
Source : BBC [Read Article] Saturday 25th of February 2017 02:46:36 AM
.... The Icebreaker scheme attempted to create artificial losses from limited liability partnerships. HMRC said both schemes saw users claim more in tax relief than they had invested - a claim that Ingenious disputed. ...
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
....It, too, has its drawbacks: the city suffers from a serious shortage of quality residential and commercial property for rent. But the government is determined, unveiling in its budget last autumn a full-blown Getting Ireland Brexit Ready programme, including tax relief for foreign firms relocating staff. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....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. Changes applied from April will result in higher rate tax relief on mortgage interest payments being phased out. ...
Will we pay higher stamp duty on a buy-to-let property? image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:10:19 AM
....It could be worth looking into alternatives to property investment, especially now that the rules on personal pensions are so much more flexible and you are no longer required to buy an annuity with your pension savings. With a pension, for example, not only do you get tax relief on contributions of up to £40,000 a year, which boosts the value of your investment, but there’s no CGT to pay. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
....That might be considered a good thing if it were not for the fact that the cost is unaffordable, is damaging the ability of British business to invest in the future, and fuelling inequality between generations and among the nation’s 12 million over-65s. Broadly speaking, there are around 4 million pensioners who still rank as poor, 4 million who have middling incomes and another 4 million who grabbed most of the tax relief on pensions and are so comfortable they are desperately under-taxed. ...
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
.... . “With a SIPP, contributions qualify for income tax relief of up to 45%, which means a £10,000 investment could cost as little as £5,500. ...
ISA 2017: What happens if I've paid too much into my ISA? Can I have more than one ISA? image
....IF YOU ALREADY HAVE AN ISA DO YOU GET 2 ALLOWANCES?. Any excess payments will not receive tax relief. ...
Shell begins huge task of decommissioning Brent oil rigs image
Source : Guardian [Read Article] Monday 6th of February 2017 07:01:20 AM
....That won’t be Shell’s approach for Brent. But it is a view voiced at the company’s senior levels, perhaps with an eye both on saving money and any scrutiny of the 70% tax relief the company will enjoy against the cost of decommissioning. ...
Star Wars and Trainspotting sequels help UK film production break records image
Source : Guardian [Read Article] Thursday 26th of January 2017 04:43:34 PM
....Adrian Wootton, chief executive of industry body the British Film Commission, said: “2016 was a banner year for the UK’s film and TV industries, which attracted record levels of inward investment, and some of the world’s most ambitious productions. “Our industry offers the complete package in terms of talent, skills, facilities, VFX expertise and competitive tax reliefs, so it’s no wonder international film and TV clients continue to make the UK their destination of choice. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
....According to a two-year review by The Independent Review of Retirement Income (IRRI), people should put 15% of their entire lifetime earnings into their pension pot merely “to avoid future pensioner poverty”. Workplace pension schemes, the biggest shakeup to pension savings in recent years, have set the minimum contribution (from employers, employees and government tax relief) as 8% of earnings: a great first step but only half this. ...
10 ways to cut your tax bill image
Source : Guardian [Read Article] Saturday 14th of January 2017 07:00:19 AM
Sony closes Guerrilla Cambridge video games studio image
Source : BBC [Read Article] Thursday 12th of January 2017 06:23:21 PM
....Microsoft also closed a long-established British studio - Lionhead, the developer of the Fable series - in 2016. But the games industry trade association Tiga said that a tax relief scheme, which came into effect in 2014, had helped create jobs elsewhere. ...
 Act NOW to slash your tax bill: Self-assessment tax returns due by end of January image
Source : Daily Express [Read Article] Wednesday 11th of January 2017 12:01:00 AM
.... . You can also claim tax relief on pension contributions at either 20, 40 or 45 per cent, depending on your tax bracket. ...

Page rendered in 2.0146 seconds.