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Parents slow to embrace tax-free childcare

Posted. 15 February 2019

More than 91,000 families in the UK took advantage of tax-free childcare in December 2018, the latest government statistics have revealed.

Tax-free childcare provides help with childcare costs for working parents who earn more than £120 a week and less than £100,000 a year.

For every £8 a parent pays into their tax-free childcare account, the Government adds an extra £2 - up to a...

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Customs checks to be relaxed in no-deal Brexit scenario

Posted. 14 February 2019

Businesses that import goods from Europe will not have to make immediate declarations to customs in the event of a no-deal Brexit, the Government has revealed.

The new guidance from HMRC claims importers will file a simplified online form up to two hours before a lorry is due to cross the English Channel by ferry, or one hour if arriving by Eurostar.

Importers will have to update...

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Govt. proposes new stamp duty surcharge

Posted. 13 February 2019

The Government is consulting on a new stamp duty surcharge for homebuyers who are not resident in the UK.

Ministers have said they recognise the domino effect caused by non-UK residents purchasing homes and driving house prices up for buyers in England and Northern Ireland.

According to figures from the Land Registry, nearly half of all foreign-owned properties are in London....

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Auto-enrolment passes 10m milestone

Posted. 12 February 2019

More than 10 million people have been brought into workplace pension saving through auto-enrolment, figures published by The Pensions Regulator show.

As of 31 January 2019, 10.003m people were automatically enrolled into a pension scheme, leading Amber Rudd, Secretary of State for Work and Pensions, to call auto-enrolment "an extraordinary success story".

According to the data,...

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Spring Statement date announced

Posted. 11 February 2019

Chancellor Philip Hammond has announced the date for the Spring Statement, on 13 March 2019.

With the event taking place just 17 days before the UK's planned departure date from the EU on 29 March, it is possible it could be upgraded to include major policy announcements.

According to a previous announcement in Autumn Statement 2016, there will only be one major fiscal event each...

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