News

News

This category aims to provide readers the most up-to-date news articles on UK taxation and accounting.

If you have any concerns or further questions that are not covered so far by the given articles, feel free to send us a message or book an appointment with our experts to discuss your concern. It’s an honor to help and guide you on this matter.

Support for energy bills in the uk
Fahad Lateef

Support for Energy Bills in the UK  

To tackle the rising energy costs that skyrocketed the price of living in the UK, the government has announced on the third of February a package of support in various schemes—energy bills discount, Council Tax rebate, and discretionary funding—worth £9.1 billion for the financial year 2022-23.

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Long awaited Windfall Tax
Fahad Lateef

Long Awaited Windfall Tax 

You might be wondering what windfall tax is and why it is being imposed in the UK? The answer to this riddle is that a windfall tax is levied against companies deemed to have made excessively high profits, or a ‘windfall’, from circumstances they did not engineer.

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Inflation is Breaking the Records
Fahad Lateef

Inflation is Breaking the Records

According to the Office for National Statistics, the United Kingdom’s consumer increase in price reached 7% last month, exceeding economists’ prognostications for the sixth month in a row.

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Fahad Lateef

Prioritizing Debt Reduction: Rishi Sunak’s Spring Statement 2022

In the Spring Statement, the Chancellor gives the country a report regarding the economy’s wellbeing, answering the cutting-edge gauge from the Office for Budget Responsibility. The Spring Statement also offers the public authority a chance to consider longer-term difficulties to the UK’s general funds and begin counselling on the best way to address them.

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Home for Ukraine Scheme
Fahad Lateef

Home for Ukraine Scheme

Ongoing conflict in Ukraine has shackled millions. Individuals are finding refuge to save their existence through horrors of Russia’s brutality. But, mood of compassion of the UK residents has restored faith in humanity as they are welcoming displaced Ukrainians to live in their homes.

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Europe’s Financial Take on Russia-Ukraine War
Fahad Lateef

Europe’s Financial Take on Russia-Ukraine War

Next to the pandemic, and whilst the globe is still getting back on track from the pandemic’s financial blow, the Russia-Ukraine war is now the leading cause of market fear. Investors have sold their stocks at the escalation of the crisis. Foreign investors will have to prepare for the worst.

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Council Tax Rebate
Fahad Lateef

Council Tax Rebate: Everything You Need to Know 

With rising energy prices, the UK government is set to spend £9.1billion as Energy Bills Rebate to support lower-income households. What’s more, the circumstance will possibly deteriorate when the energy cost cap expansions in April.

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Fahad Lateef

Improving Cost of Living Through Universal Credit

The Department for Work and Pensions reported that 2,000,000 people would have their pay increased to £1,000 per year beginning November 24, 2021, as citizens received a practical two billion tax cut on the lowest wage to purchase.

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Support for energy bills in the uk

Support for Energy Bills in the UK  

To tackle the rising energy costs that skyrocketed the price of living in the UK, the government has announced on the third of February a package of support in various schemes—energy bills discount, Council Tax rebate, and discretionary funding—worth £9.1 billion for the financial year 2022-23.

Read More »

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