Individuals and families in the UK paid £3.14 billion in inheritance tax (IHT) in 2012/13, official figures from the Office for National Statistics have shown. It comes as a result of the freeze in the IHT threshold – held at £325,000 since April 2009 – and a recovery in property prices, which has pushed more[…]
The number of workers on contracts with no guarantee of hours or pay – known as ‘zero-hour’ contracts – is far more widespread than originally thought, figures from the Chartered Institute of Personnel and Development (CIPD) have revealed. It shows that there could be up to a million UK workers on such contracts– four times[…]
More than half of the UK’s small businesses now operate from home, according to research from Direct Line for Business (DL4B). The 2.5 million home business owners account for 52 per cent of all small businesses and eight per cent of the total UK workforce. DL4B’s analysis of data from the Office for National Statistics[…]
As from 29 July 2013, individuals who want to take a claim to an employment tribunal will have to pay fees under new legislation now in place across the UK. Employees will now: pay between £160 to £250 to lodge a claim pay a charge of £230 to £950 if the case goes ahead to[…]
This 2013/14 guide is intended to help you and your estate planning. Introduction More than £3 billion in inheritance tax (IHT) was paid in 2012/13, according to figures from the Office for National Statistics (ONS). The £3,147 billion received by HM Revenue & Customs is the largest in five years and is eight per cent[…]
This guide looks at Universal Credit, a new benefit that will replace six existing benefits with a simpler, single monthly payment. Introduction Plans for the Universal Credit (UC) were first announced in 2010. Starting in October 2013, it will replace a number of existing benefits. The new credit system is administered online and is intended[…]