Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.
Powered by Investing.com

Friday, September 23, 2022

Budget Bullet Points


  • Top income tax rate of 45% scrapped

  • A cut to stamp duty - meaning the exemption level was immediately doubled from £125,000 to £250,000 and from £300,000 to £425,000 to first-time buyers

  • Planned cut of 1p to basic rate income tax brought forward by a year to 2023

  • Cap on bankers' bonuses to be removed

  • National insurance to be cut from November

  • Planned increase on corporation tax to be axed and to remain at 19%

  • Stricter rules for those on Universal Credit - they must take active steps to seek more and better paid work, or face having benefits reduced

  • The introduction of VAT-free shopping for overseas visitors

  • Legislation to crack down on strikes forcing trade unions to put pay offers to a member vote

  • Planned increase on alcohol duty to be axed

 


Tax Investigation Insurance

Market leading tax fee protection insurance for businesses, sole traders and individuals. Protect yourself from accountancy fees in the event of an HMRC enquiry.

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountant's (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

No comments:

Post a Comment