In a report published by the Resolution Foundation claims that 22% of ‘millennials’ (people born between 1981 and 2000) are living in ‘relative poverty’. This implies that 22% of millennials are living on less than 60% of median income. It has...
The European Automobile Manufacturers’ Association (EAMA) have reported that sales of electric cars in the UK are being affected by the governments’ decision to cut the grant for buyers of ‘green’ vehicles. The grant for buyers of electric cars...
The government has recently confirmed that the initiative to introduce a pensions dashboard will go ahead. Those saving for retirement will be able to use the pensions dashboard to view information from multiple pensions in one place. It has been stated that the...
HMRC’s have begun the introduction of their landmark Making Tax Digital (MTD) regime. This means that tax payers will be required to move to a fully digital tax system. With the new system, businesses with a taxable turnover above the VAT threshold of £85,000...
Recently, HMRC put out a statement warning young people in the UK to ‘stay vigilant’ in order to avoid being victims to tax refund scams. HMRC warns that both young and elderly individuals tend to be targeted by criminals as they are ‘more likely to...
