VAT goes back to 17.5% on New Year’s Day, but drinkers will get a few more hours to enjoy the reduced rate of 15%
Tag: Tax
Confused about ISAs? Here’s 10 Facts You Need To Know
Individual Savings Accounts (ISAs) should be an integral part of your savings strategy, but there tends to be quite a bit of confusion about what they are and their benefits. LoveMoney gives the truth about 10 ISA myths.
Are You A Budget Winner or Loser?
Today’s Budget included some interesting announcements, but with all the details being discussed left right and center, it can be difficult to work out whether you’ll win or lose. Let’s take a look at the headlines and take a look at a calculator that will help you find out whether you’ll benefit or not.
Online Self-Assesment Deadline: Act Now
January 31st is the deadline day for getting your tax self-assessment details back to the HMRC, if you’re unlucky enough to have to file your tax returns. But despite this date being the deadline for electronic returns (paper returns had to be in by 31st October 2008), you should apply before Wednesday 21st January to get the necessary passwords and activation codes, which are then sent to you via 20th century snail mail.
Our Child Tax Credit Nightmare
Both my partner and myself received fantastic letters from Her Majesty’s Revenue & Customs this morning, to notify us that they were stopping paying us the zero tax credits that they’ve been paying us for the last couple of years. Yes, that’s right, two letters to let us know we weren’t going to receive anything, when we already hadn’t been receiving anything for the last few years.
Where Does Your Tax Get Spent?
Following on from a previous post on how much the average family pays in tax, Where Does It Go has done some more investigation and worked out where exactly the money gets spent.
Reclaim VAT On Recent Purchases
As most of us are probably aware, from tomorrow (1st December), Value Added Tax (VAT) will be cut from 17.5% to 15% as part of the Government’s recent measures to stimulate the economy.
Did you know that if you’ve got goods and services on order and have paid the 17.5% rate, you might be able to claim a refund.
95% Won’t Spend More After VAT Cut
Just a quick post to point out the results of a survey the Times Online did following the pre-Budget report.
“Secret” Plan For VAT Rise
Reports have come out tonight that Alastair Darling planned a hike in VAT from 2011, according to a note left in Treasury documents which somehow came to light.
Pre-Budget Report: Key Points & What They’ll Mean To You
If you’ve managed to miss all of the coverage of today’s pre-Budget report (which is effectively a Budget in its own right now), here’s a round-up of the main points from Alastair Darling’s speech, and how they might affect you.