Previously, HMRC guidance stated that when customers are charged early termination fees to withdraw from contracts, or payments are required for breach of contract, then these charges are not generally relating to a supply and are outside the scope of VAT.
Long-term care in a care home is very expensive, and can quickly erode your savings (including the equity in your property).
For those approaching retirement, timing when to take their pension has never been so important.
‘Nothing can be certain, except death and taxes’ was written by Benjamin Franklin over 230 years ago, and is still quoted today.
In short, it depends where and how you are invested. Since the markets saw a dramatic fall in March, it has been a bit of a choppy ride in general.
Back to school may feel like back to normal for some but for many it will bring new concerns, a new way of working and a new way of having to balance childcare and work through the coronavirus pandemic that we are still very much in the middle of.
A tracker fund is a simple way of investing your money in company shares, bonds, and other assets.
Currently, under the Low Value Consignment Relief (LVCR) a UK business importing goods from outside the European Union of a value below £15 is not required to pay import VAT.