#HMRC Form 17

[georgeshutcheson]

What Is HMRC Form 17?

New Post has been published on https://www.fastaccountant.co.uk/what-is-hmrc-form-17/

What Is HMRC Form 17?

Have you ever wondered what HMRC Form 17 is and how it can benefit you? Look no further! This article is here to shed some light on this important document. It is a form that allows married couples or civil partners in the UK to declare how they want to share their income from jointly owned property for tax purposes. By filling out this form, you can potentially optimize your tax arrangements and save money. Let’s explore the ins and outs of HMRC Form 17 and discover its advantages in more detail.

Overview of HMRC Form 17

Definition of HMRC Form 17

It is a tax form used in the United Kingdom by individuals who jointly own rental properties or other assets. It allows for the allocation of income and expenses between the co-owners, ensuring that each owner’s tax liability is calculated accurately.

Purpose of HMRC Form 17

The main purpose of HMRC Form 17 is to enable co-owners to share the income and expenses from jointly owned properties or assets in a way that reflects their legal ownership rights. By completing this form, family members can benefit from income tax planning, minimize their tax liability, and even transfer ownership of assets in accordance with their financial and estate planning goals.

Who is required to complete this Form

HMRC Form 17 must be completed by individuals who jointly own rental properties and wish to specify sharing agreement of income from the property for income tax purposes. It is particularly relevant for spouses or civil partners who own joint properties, as they often have joint obligations and entitlements for tax purposes. However, it is important to note that each individual must meet the eligibility criteria set by HM Revenue and Customs (HMRC) to use this form. One of which is to present proof that your beneficial interest in the property are not equal, such as through a declaration or deed.

Understanding HMRC Form 17

What information is required on HMRC Form 17

When completing HMRC Form 17, there are several key pieces of information that need to be provided. This includes details about the co-owners, such as their names, addresses, and unique taxpayer reference numbers. Additionally, the form requires information about the jointly owned property or asset, such as its address, the date it was acquired, and the nature of the ownership arrangement.

How to fill out HMRC Form 17

Filling out HMRC Form 17 may seem daunting at first, but it is designed to be user-friendly. The form provides clear instructions for each section, guiding you through the process step by step. It is important to ensure that all information is accurate and complete to avoid any potential issues or penalties. If you are uncertain about any aspect of the form, it is advisable to seek professional assistance or refer to the guidance provided by HMRC.

Where to submit HMRC Form 17

Once completed, HMRC Form 17 should be submitted to HMRC along with any supporting documentation that may be required. The form can be submitted either online through the HMRC website or by mail. It is crucial to keep copies of the completed form and all supporting documents for your records.

Benefits of Using HMRC Form 17

Income tax planning

HMRC Form 17 provides individuals with a valuable tool for income tax planning. By allocating income and expenses between co-owners, it allows for a more strategic distribution of tax liabilities. This can be particularly beneficial for couples or partners who may have different income levels and tax brackets, allowing them to maximize their tax efficiency.

Minimizing tax liability

One of the major benefits of HMRC Form 17 is its ability to help minimize tax liability. By distributing income and expenses in a way that reflects the co-owners’ legal entitlements, individuals can potentially reduce their overall tax burden. This can be especially advantageous when there is a significant disparity in income between the co-owners.

Common FAQs

Can I use HMRC Form 17 for multiple properties?

Yes, HMRC Form 17 can be used for multiple properties as long as they are jointly owned. The form allows for the allocation of income and expenses for each property and co-owner separately. It is important to provide accurate information for each property and review the form before submission to ensure all details are correctly included.

What if I have joint ownership with someone else?

If you have joint ownership with someone else, such as a spouse or civil partner, HMRC Form 17 is the appropriate form to use. It enables you to allocate the income and expenses between co-owners based on their wishes. This can help ensure that the tax liability is accurately calculated for each individual.

Do I need to complete HMRC Form 17 every year?

You generally need to complete HMRC Form 17 each year if you have a joint ownership arrangement and there have been changes in the income or expenses associated with the jointly owned property or asset. It is important to review your circumstances annually to determine whether the form needs to be completed. Keeping proper records and seeking professional advice can help ensure compliance with HMRC requirements.

[ukimmigrationmatters]

21 SMART Money And Energy Saving Tips

With energy bills, fuel and interest rates soaring, there’s never been a more critical time to make savings and learn how to manage our money to the best of our ability. I cover many more tips and money-making ideas in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

Please LIKE and SHARE – WATCH YOUTUBE VIDEO - https://youtu.be/taJgXOqp9O0

Here are some tips to help you save and accumulate more money.

1 Pay yourself and save first, spend what’s left

2 Avoid credit card debt interest

3 Track your income and expenditure

‘T’ for ‘track’ is included in my programme, Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

4 Start saving and investing

Check out www.gov.uk/individual-savings-accounts for more information. Check for the best cash ISA rates at Moneyfacts. Shop around and be prepared to move your money to obtain the best rates.

5 Emergency or contingency funds

6 Loyalty doesn’t always pay - switch suppliers

Check your latest utility statements and check out comparison sites, such as uswitch or moneysupermarket.

7 Reduce your car insurance

8 Review your mortgage

‘R’ for ‘review’ is part of my programme, Master Your Money the S.M.A.R.T Way training. Check it out - https://bit.ly/3isugCr.

9 Check your tax code to pay less to HMRC

10 Look for old bank accounts and pension policies

11 Check for any entitlements to benefits.

12 Reduce your grocery bill

13 Avoid wasting food

14 Explore local charities for help – there is an abundance of food given away by supermarkets

15 Check your workplace or private pension

16 Check your state pension and NI contributions level

17 Use loyalty cards, price match and vouchers and deal finders

Try hacks like VoucherCodes ‘DealFinder’ as a plug-in on Chrome to be alerted to the best deals while buying online.

There are hundreds of money saving apps and discount offers, such as Sweatcoin and BetterPoints, where you can get paid to walk and exchange your steps for store discounts and freebies.

18 Cut energy bills

Check out the Energy Saving Trust for some great energy and money saving hacks.

19 Sell unwanted stuff on resale platforms

You can turn unwanted clothes into cash using resale platforms such as Depop, Vinted and eBay.

20 Mindset – avoid emotional spending and blowing your salary on payday

In my programmes and YouTube Money Tips Podcast videos I talk about money mindset. A recent survey by Nationwide’s Payday Saveday revealed that 1 in 5 people blow over half their spare monthly wages within 48 hours of payday!

21 Plan, organise and forecast

The key is in planning and organising your expenditure, work, goals, relationships and life! As in the first tip, prioritise essential expenditure and your savings pot, before spending.

Finally, searching for the best deals, tracking and reviewing your finances and being mindful of spending money on things to don’t really need will not only help you get through the current crises but help you form lifelong habits that will enable to build wealth.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

Click to join: https://bit.ly/3isugCr

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #energybill #costofliving #goals #foodbank #getcontroloffinances #money

[bunnywand]

want to change my name on my provisional driving licence. i need:

the application form

which i have to send off with:

my old licence

documents to confirm my new name and gender

and

a passport-style photo, signed and verified by someone i know

a cheque for £17

the documents you can use recommends i use:

a passport

which i do not have, so instead, you can send a number of things, the only one of which i have is:

a birth certificate

but if you use a birth certificate, you also need other documents which can include:

letters from the DWP or HMRC, or a P45/P60 etc

which need to be signed and verified by someone as well.

if you’ve changed your name you also need to send:

your deed poll

and if you’ve changed your gender it says you can send either

your deed poll

a statutory declaration

or your gender recognition certifcate.

but i don’t have a statutory declaration or a gender recognition certificate, and they both have even More convoluted application processes on top of all this.. and i’m not rly sure how the deed poll confirms my gender change?? 😵‍💫

so u can see why i feel like my brain is being fried trying to figure this out.. 🙁

i think first and foremost, i need to actually Get the application form and get a photo sorted out.. then i guess the best i can do is get everything that needs to be signed and verified, signed and verified, and then send them off w/ the money, my birth certificate and a deed poll, and see what happens?? 😣 but Man they do not make this an easy or kind process at all.... 😖

[pighelium92]

Understanding The Distinctions In Between A Will And A Trust Fund

Living Wills And Also Development Directives For Medical Choices

Content

If You Don'T Intend To Utilize A Lawyer

Sign Your Will In Front Of Witnesses.

To Determine That Will Take Care Of Your Minor Kid

Trick Documents To Have Alongside Your Last Will And Also Testament.

When Should You Obtain Lawful Advice To Compose Your Will?

Full An Estate Tax Form.

Making Use Of A Lawyer To Write Your Will

What Is Probate?

What To Anticipate From Your Lawyer

If You Don'T Intend To Use A Solicitor

The listed here shows the ordinary amount of rest children as well as kids need during a 24-hour period, consisting of daytime snoozes. If you feed your child to sleep, feeding and also going to sleep will become linked in your baby's mind.

Indicator Your Will In Front Of Witnesses.

This might differ if you were returning from statutory parental leave or are a returning armed forces reservist. Learn if you're qualified, as well as how much your company can assert if they place you on short-lived leave (' furlough') due to coronavirus (COVID-19). To aid us improve GOV.UK, we wish to understand even more regarding your browse through today. Do not fret we will not send you spam or share your e-mail address with anybody.

To Identify Who Will Care For Your Minor Children

Remedied incongruities within the guidance around the dates of qualification for the plan. 17 July 2020 Web page upgraded to make clear that notice durations being offered by furloughed workers include contractual notice periods.

How much do solicitors charge to execute a will UK?

Some probate specialists and solicitors charge an hourly rate while others charge a fee that is a percentage of the value of the estate. This fee is usually calculated as between 1% to 5% of the value of the estate, plus VAT.

If you have been flexibly furloughed, your company will need to work out your usual hrs and videotape the actual hours you function to compute your furloughed hours for the claim period. If your pay varies and also you've been used for much less than a year, companies will assert for an average of your normal monthly wages considering that you started work. You might be qualified to be furloughed, and also get a grant of 80% of your routine incomes up to a regular monthly cap of ₤ 2,500, if you are paid using PAYE as well as are in among the adhering to classifications. You must be paid at least the Instruction Minimum Wage/National Living Wage/National Base pay as appropriate for all of the time you invest training, also if this is greater than 80% of your typical salaries. If your revenues have actually lowered since you were off ill before your maternity leave began, this might influence your Statutory Maternity Pay.

Do dogs have agency?

Agency has become a key concept within history, especially since the rise of the “new” social history. But many historians treat agency as a uniquely human attribute, arguing that animals lack the cognitive abilities, self‐awareness, and intentionality to be agents.

If you're not happy with the method the council handles your grievance, take it to the local government and also social care ombudsman. An ombudsman is an independent person that's been appointed to explore issues regarding organisations. If you need to live in a treatment house, you have the right to pick where you live. If the council is arranging your care, you still have the right to make a decision just how your individual spending plan is spent.

Trick Papers To Have Along With Your Last Will And Testimony.

How many people believe free will?

Site Survey Shows 60 Percent Think Free Will Exists. Read Why. We are responsible for our own actions.

When Should https://oxfordshire.directwillstrusts.co.uk/explanation-of-terms/ Obtain Lawful Advice To Prepare Your Will?

Ask the Appraisal Workplace Firm if you need to know if adjustments to your residential or commercial property will impact your Council Tax band. Some RRSP's allow you to call a trustee on the policy if the recipient is a small. If you created your Will with a lawyer, then you must go back to that attorney and request them to prepare an update.

13 May 2020 Details added for workers that are furloughed and wish to volunteer. 21 May 2020 Information added to clarify that worker authorised income reductions can be subtracted from give payments. A web link has been included guiding consumers to inspect the influence on their tax credit reports.

Does God have a wife in the Bible?

God had a wife, Asherah, whom the Book of Kings suggests was worshipped alongside Yahweh in his temple in Israel, according to an Oxford scholar. In 1967, Raphael Patai was the first historian to mention that the ancient Israelites worshipped both Yahweh and Asherah.

When they wake in the evening, they might desire a feed to aid them return to sleep. You may really feel all set to introduce a bedtime regimen when your baby is around 3 months old. Getting them right into a basic, relaxing going to bed routine can be helpful for everyone and also aid protect against resting problems later.

You can be on any type of sort of agreement, consisting of a zero-hour contract or a short-lived agreement. You can be furloughed under the scheme if you are an international nationwide.

Calling HMRC needlessly places our vital public services in danger during these challenging times. Where Arm or leg Employees are paid through PAYE, they can be furloughed as well as get assistance through this scheme. Participants of LLPs that are designated as staff members for tax obligation purposes (' salaried participants') under the Revenue Tax Act are qualified to be furloughed as well as get support with this plan. A company can make their claim in expectancy of a brewing pay-roll run, at the point they run their payroll or after they have run their payroll. Those paid every year are qualified to claim, as long as they satisfy the appropriate problems.

Total An Inheritance Tax Form.

Where firm employees are paid with PAYE, they are qualified to be furloughed as well as receive support via this plan, consisting of where they are employed by umbrella business. If your employer asks you to take place furlough and you decline you may be at danger of redundancy or termination of employment, depending upon the situations of your employer. Nonetheless, this should remain in line with regular redundancy regulations and defenses. From 1 July, you as well as your employer can concur that you will be flexibly furloughed.

They have an identified and also durable method to policing the roadways and will take every possibility to make them safer for everyone. The police are not asking you to head out and detect offences for us, but we will handle any kind of you find. The kinds of offense which the police take care of normally have a six-month time frame for prosecutions.

Using A Lawyer To Create Your Will

Where a business thinks about that it remains in compliance with the legal obligations of several of its individual employed directors, the board can decide that such supervisors ought to be furloughed. Where a firm materials clients with workers who are employed by an umbrella business that runs the PAYE, it will be for the umbrella firm and also the worker to concur whether to furlough the worker or not. Furlough needs to be agreed between the company, as the considered employer, as well as the worker.

What Is Probate?

If you're nursing, ask your partner to take over the morning transforming and also clothing so you can go back to sleep. Most children aged 3 or 4 will need around 12 hrs rest, yet this can range from 8 hours approximately 14. Just as with adults, children' and also kids's rest patterns vary.

Your witness declaration need to plainly state what time/date the event happened. We are unable to manage cases of poor auto parking or various other car park infringements. Recycling and composting brows through to schools can include a workshop where the kids can make models from recyclable materials. If you're formula feeding, urge your companion to share the feeds.

Throughout March and October annually, if you're aged 55 or over you can get in touch with the lawyers participating and also demand a visit.

Free Wills Month is moneyed by charities that take part in the system.

If you decline your inheritance, known as disclaiming it, there are unique policies regarding who can acquire.

We can not respond, so if you need help with a problem learn just how you can get recommendations from us.

We want to assist even more individuals write their Will online so we've partnered with Bequeathed to offer you cost-free online Will writing.

With this in mind, a whole lot requires to be done to raise understanding about Will contacting stop the type of problems that can occur when someone doesn't have a Will in position.

The Crown can make gives from the estate but does not have to consent to them.

If there are no surviving family members that can acquire under the rules of intestacy, the estate passes to the Crown.

It's likewise a wonderful opportunity to have one-to-one time with your child. If you're not sleeping at the exact same time as your infant, don't bother with keeping your home quiet while they sleep. It's good to obtain your child used to resting with a specific quantity of noise. Some quickly rest with the evening, while some do not for a long time.

keep documents of the amount of hours you work as well as the number of hrs you are furloughed (i.e. not functioning). still have the ability to claim the furlough grant for the hrs their flexibly furloughed workers do not work, contrasted to normal hours they would have worked in that duration.

Whilst on furlough, you might still carry out union or non-union reps tasks and also tasks for the objective of an individual or cumulative representation of employees or other employees. Nonetheless in doing this, you need to not offer services to or produce earnings for, or on behalf of your organisation or a connected or linked organisation. Your civil liberties as a worker are not influenced by being on furlough, including redundancy rights. For the hours you are furloughed your company can not ask you to do help one more linked or connected firm.

The video footage is used to support your written witness statement. You should make up any type of inconsistencies in date/time within your witness proof offered to us.

Learn about wills Eton ">

Is libertarian free will?

Metaphysical libertarianism is one philosophical view point under that of incompatibilism. Libertarianism holds onto a concept of free will that requires the agent to be able to take more than one possible course of action under a given set of circumstances.

This consists of being alerted to HMRC on an RTI submission on or prior to 19 March 2020, which associates with a payment of profits in the tax year 2019 to 2020. The demand for there to be repayment of profits in the tax year 2019 to 2020 looks for any kind of staff member being asserted for under the system, irrespective of how frequently they are paid (e.g. weekly, fortnightly or monthly). This will be relevant for those on a yearly pay duration if the last settlement notified to RTI was before 5 April 2019 and also no more payments were notified till after 19 March 2020. As workplace holders, salaried firm directors are eligible to be furloughed and also get assistance via this plan. Company directors owe duties to their business which are set out in the Companies Act 2006.

We likewise have an obligation to notify the upseting driver of the claimed offence which they have actually committed normally within 14 days of the incident. Please make your entries as soon as possible and in any case within 7 days. This will enable us to adhere to the demands of the Roadway Website Traffic Act. We need your statement; we require to totally understand the circumstance and also individuals have a right to have actually matters heard in a court of law.

From 1 August 2020, your employer will be asked to contribute towards the price of your earnings to guarantee you remain to receive at least 80% of your incomes whilst on furlough. Figure out even more details on how the quantity of give readily available with Coronavirus Job Retention Scheme is altering.

Your company must discuss with you and also make any adjustments to the employment agreement by contract. When your employer is choosing in connection with the procedure, consisting of deciding who to supply furlough to, equal rights and discrimination regulations will apply in the common way. Your employer is accountable for asserting with the Job Retention Plan in your place and also for paying you what you're entitled to.

[financiallymint]

18 Easy Ways to Save Money in Uni

Yes, it is possible to save money even on a student budget.

In fact, it can even be fun too! I personally am going through these ‘easy ways to save money’ and still having a blast. Read on to find out what those are…

1. Attend university for free

Yes, it’s possible. In fact I wrote an entire post about it: Yes, you can go to university for free.

Your options include: grants, bursaries and scholarships, the NHS, Armed Forces, sponsorships, apprenticeships, crowdfunding and traveling abroad.

Not paying for university surprisingly does save a lot of money.

Check out the post fam.

2. House hack

Rent is takes a big chunk of your income every month. Many students just accept their fate and believe it’s part of the deal – gotta pay for rent. But what if you got to keep that £400 that disappears every month?

House hacking is possible: live with your parents, live with a roommate, get a flat and Airbnb the hell out of it, do some property investing or just go live in a tent like this guy.

It requires hustle and research, but it’s doable.

3. Become a minimalist

As the word itself says, learn to live with less. The less money you spend on stuff, the more money you get to save. It’s a simple idea really, and practicing it is strangely refreshing. To quote The Minimalists:Imagine living with less so you could have more time, more passion, more experiences, more growth.

Not only will you save a ton of money, but you won’t be falling trap of the consumer society; always buying and buying and consuming more to fill the empty void inside you. Ask yourself: does buying x really add value to my life? If it doesn’t, why are you buying it, really? And if that answer scares you, it’s time for a change.

4. Cook your own food

You would think this is obvious but many people including students simply don’t cook their own food! Eating out several times a week is EXPENSIVE. Takeaway is EXPENSIVE. There’s no point. Plus cooking your own food makes you better at cooking and even makes the food more delicious (yes hello this is my ratatouille and it is delicious).

Keep the restaurants and takeaways for special occasions. The more you eat out the less you appreciate it that event of having someone else prepare and lay it out in front of you. Going to a restaurant is a huge event for me nowadays – and now I enjoy it ten times more.

5. Do a ton of discounting

There are a lot of discounts out there for students. A LOT. You just gotta find them. Here is a list of cool stuff you can get student discount on. Get all the railcards and student cards, you never know when they can come in handy.

Look around when you’re on the streets or out shopping. There might be a student sale or some sweet discount out there. And don’t be ashamed to ask the barman whether they do student discounts – we’re all trying to survive here.

6. Hack your loan: start investing

Maybe a little more advanced but a great way to save and hack your money. Following the 15% rule, use the loan money to invest. The minute you receive your loan money, send off a percentage to get invested. Not only will you be saving money, but the interest means you’ll be earning more money on the side! I’m telling you – this is loan hacking. Here’s a guide to getting started with investing.

7. Set a budget every time you go out

Yes, your friends might make fun of you and call you a loser but no worries – you’ll be the one graduating with money in your pockets.

But seriously, set a budget. Take only cash, if that works for you. Use an app, do your thing. Learn to control yo’self. Here’s a snazzy guide to budgeting.

8. Compare all your bills: gym, phone, software etc

Take all your ‘mandatory expenses’ and try to decrease them. Your phone bill, the gym, that software, maybe even gas and electricity. Try and find someone else who does it for cheaper. Spend an afternoon on it and then forget about it – you could save hundreds in the long run.

9. Work towards achieving that 15% rule

The golden 15% rule: actively saving 15% of your income (from loan, parents, etc) every month. Here’s an entire article on how to get started.

This 15% rule is what will get you ‘out the rat race’ and will literally change your life.

Check out the post fam.

10. Do some savings challenges: no spend day, cash challenge, etc

There are tons of random savings challenges out there: no spend day, cash challenge, 33 items challenge. Try some and see how it goes. Here are 6 Different Money Saving Challenges you can try out.

Once you try a few of them, you can pick one and keep going. Make up your own challenge: how much money I can save doing saving challenges. Maybe a little nerdy, but useful in the long run.

challenge: how tall can the coin tower get?

11. Use savings apps

Just like the savings challenges, these apps will encourage you to save ‘by accident’. They use tactics such as rounding up a purchase: you spend £2.50 on a coffee and the app rounds it up to £3.00 and saves you £0.50. Or it just randomly takes out some money at odd times of the day/week.

The best savings apps are: Chip (read a review here), Monzo and Folio. You can also try out some investing with MoneyBox.

12. Do NOT buy the next cool gadget

Still not a minimalist? That’s fine, but there’s still no point in consuming for the sake of consuming. If your phone is working perfectly fine and the next version comes out – how about not buying it? Remember, will it really add value to your life? Probably not, and if you think about it will probably remove value since your pockets will be a little lighter.

13. Buy stuff second hand

The UK is one of the few places which is really good at this: second hand stuff. There are charities littered all over the streets and you can find a few gems here and there. You find stuff online too with our good friends Gumtree and Craigslist. Think about it, do I really need this thing to be brand new? If not, go do some second-hand shopping. You’d be surprised with what you can find…

14. Make sure your employer doesn’t make you pay tax

If you earn under £11,500 a year, you don’t need to pay tax. If you do, you pay 20%. When working at a part time job, it’s unlikely you’ll be earning more than your allowance, however your employer is still likely to put you under the PAYE scheme. Normally, the HMRC will send you a tax refund called P800. But if you want to claim it now, you can do so using a P50 form. Some nice quick and easy money.

15. Flat parties instead of going out

Going out in the UK is expensive, especially if you live in the area of London (I don’t know how you people survive). How about doing a flat party/drinks instead? With my group of friends we regularly do poker nights, board game drinking nights and even some home-cooking and chilling.

There are tons of ways to have fun without going out. Yes, I sound like a boring old trout, but it’s totally true. And if you’re friends are only interested in having fun when their ££ is flying away, look for some different friends who’ll chill at home with you. Trust me, they’re the cool ones.

16. No book buying

Google Scholar and Google Books can be your saviour for both research and text books. All the stuff the uni makes you pay for – how about getting it for free? And if Google Scholar and Books don’t have what you’re looking for, ask someone else at uni if you can buy their book second hand. Or… jump onto Gumtree or Craigslist. Doing a bit of hustling and finding cheaper textbooks can go a long way.

17. Find free stuff and use it

Students are known to be good at getting free stuff. Save the Student has an awesome list of free stuffyou can take advantage of as a student.

Other places to get free stuff are: Fresher’s and societies fairs, student gigs, only using free trial (Spotify here I come), using the Gumtree ‘for free�� section, attending launch days (a supermarket, cinema, shop opening up), and cashback apps.

18. Learn to travel hack

Travel hacking is the ultimate key to traveling for cheap and making it enjoyable at the same time. It doesn’t mean trying to cut every single penny and starving yourself all day, it’s simply being clever with your money: cooking at the hostel instead of eating out, not buying useless souvenirs, doing your research before taking public transport, etc.

After 2 years of traveling on a tight budget, I believe I mastered it using apps such as Couchsurfing, Ryanair and GoEuro. For more info on how to travel hack, I wrote a snazzy guide on mastering the art of budget travel.

So – 18 ways to save money as a college student. Some are easier than others, but they’re all doable. And the result could be hundreds or even thousands of pounds saved up! What could you do with an extra £1,000 a year? You could invest it, build an emergency fund, save up for a nice trip, or even get started on your path to Financial Independence. The possibilities are infinite, and you get to choose what happens with them.

Read more over at Financially Mint

[nutlong]

Super mario 64 last impact shadow mario iht

That may not matter if the laws of intestacy match your wishes, but often the two diverge considerably, leaving difficult issues for your dependants. If you don’t have a will, you have no say in how your estate is distributed. And they could provide long term benefits:ġ. They need only one-off actions, so they should be easier to stick to. Here are four simple financial New Year’s resolutions. And to try to look beyond the short-term goals to longer term outcomes to boost the likelihood of sticking to them. Some people prefer to talk about intentions rather than resolutions. The problem is they all require you to make a change to your lifestyle, which is never easy, particularly in the dark days of mid-winter. Have your New Year resolutions fallen by the wayside yet? You know, the ones about eating better, drinking less and exercising more. When it began, the charge started at over £7,500 above the then threshold. That means that for 2019/20 the trigger matches the UK higher rate threshold. The income trigger for the HICBC remains at £50,000. It may be hoping to avoid a flood of letters from those affected. Unusually for HMRC, it is not looking for the taxpayer to provide a “reasonable excuse” before considering a refund. That was when HMRC announced it would be reviewing ‘Failure to Notify” penalties for 2013/14, 2014//16 “to customers who did not register for the High Income Child Benefit Charge” and therefore did not pay the HICBC tax. If proof were needed of the flaws in HICBC, it arrived in November 2018. Its introduction was poorly publicised, leaving many people – particularly PAYE earners – unaware of their potential liability. The HICBC represented an attempt to use the income tax system to withdraw child benefit from parent(s) (married or not) where one had income exceeding £50,000. It was, and remains, a classic example of the type of tax system tweaking beloved of Chancellors and disliked by those who have to deal with the consequences. The High Income Child Benefit Charge (HICBC), to give child benefit tax its correct name, was introduced in a rush by George Osborne – so much so that it began three months before the start of the 2013/14 tax year. These trials will involve a range of trade bodies and financial services organisations, including the main government initiated auto-enrolment scheme, NEST, which now has over seven million members.ħ January marked the fifth anniversary of the tax on child benefits, an imposition that is still not widely understood. In December the DWP announced that it would be running a programme of trials aimed at encouraging the self-employed to start saving. The DWP has calculated that in 2016/17, only about 1 in 7 of the self-employed were saving into a pension. Private pension coverage in this sector is low, despite the tax benefits on offer. According to the DWP, the self-employed account for about 15% of the UK workforce – 4.7 5 million people. However, there is one group of people that the automatic enrolment regime completely misses: the self-employed. Take-up rates have been much higher than some pundits had forecast – the latest calculation from the DWP showed that in 2016/17 the overall opt out rate was just 9%. Pension automatic enrolment has become a major success since it was launched nearly seven years ago, with almost 10 million people joining a workplace pension arrangement. The Department for Work and Pensions (DWP) is aiming to expand pension coverage among the self-employed. The Brexit-battered pound was weak during 2018, which flattered overseas returns.įilling the pensions hole for the self-employed Strip that out and the MSCI World Index ex-USA was down 11.2% in sterling terms, only marginally less than the main UK indices.Ģ. The US stockmarket, which forms about half of the World Index, was relatively strong. In sterling terms, the MSCI World Index was down 4.9%, much less than the main UK indices. However, whereas in 2017 stock markets seemed relatively unphased by events, the opposite was true in 2018. Both years had their fair share of dramas, with Brexit and Donald Trump sources of concern across the 24 months. During that year, the share markets generally produced positive returns with very little volatility. The world’s share markets mostly saw falls in 2018.Ģ018 was a very different year for investors from 2017. Wealth Management & Growth - Independent Financial Advisors, Sheffield

[customs-declarations]

Know the differences for submitting declarations between CHIEF and Custom declaration services

You are in the right place to know all about the HMRC shift from CHIEF to CDS or Customs Declaration Services. Understanding the many stages of the transformation, you can adhere to the new rules for importing and exporting goods from and to the UK. After Brexit, the UK government introduced CDS, a new electronic system to enable seamless custom declaration processes. It replaces the existing CHIEF or custom handling of import and export freight system in several stages to complete on March 31, 2023. In addition, there are many differences in making declarations for CDS compared to CHIEF.

Therefore, you need to make declarations as per the transformation of CHIEF to CDS or Customs Declaration Service for importing and exporting goods into the UK, even from EU countries.

Differences between Customs Declaration Service and CHIEF and tips for adapting easily

Many users like you need to be ready for the system changes from CHIEF to CDS to adapt to the new environment and its associated needs. There are many changes to make export and import declarations, which include the following with tips to adapt to them easily.

1. CCC or Community Customs Code, SAD, Single Administrative Document, and Harmonisation boxes are the base for CHIEF. However, the base for CDS is UCC or Union Customs Code, data integration, and harmonisation rules. Hence, for making declarations, you have to use data processing rules rather than the paper-based rules of CHIEF.

2. Until both CHIEF and CDS exist, it is vital not to make CDS declarations using its codes, pay the CHIEF tariff, and vice versa, resulting in the declaration's rejection. Hence, while making custom declarations, CHIEF needs to check the CHIEF Tariff (online). And for making custom declarations in CDS need to check the CDS Tariff (online) to avoid rejections.

3. There are 68 paper form multi-use boxes in CHIEF, whereas CDS has 91 single-use elements. Hence, users need paper completion of many boxes to accept data in the free text format for completing the CHIEF declaration. However, most are data elements in CDS except for the name and address fields. Three boxes on CHIEF equate up to 17 various data elements in the CDS, and users need to populate all the required data elements for the selected category. Moreover, failing not to choose the correct data set will cause the rejection of the declaration.

4. There is a one-to-one correlation between the CHIEF CPCs and CDS PCs, procedure codes, or APCs. CHIEF has 7-digit fixed CPCs or custom procedure codes for each item, whereas, in CDS, the codes get split into two parts with a 4-digit procedure code combined with 3-digit APCs or additional procedure codes up to 99 for each good item. While the unique CPCs of the CHIEF remain the same irrespective of the declaration, The PCs and APCs differ as per the circumstances as they are multiple interchangeable combinations. Hence using the correct codes for the declarations through CHIEF and CDC is essential, and if not done right, HRMC will reject the declaration.

5. CHIEF uses a single mainframe system, but CDS has multiple components for doing a specific task

6. CHIEF uses EDIFAT messaging language, whereas CDS uses XML messaging language, and software providers should change for submitting declarations, failing which will cause rejection

Conclusion:

The above facts and differences will surely help you submit the declarations for CHIEF and CDS or customs declaration services.

Contact Information-

Address: London SE1 3RY

Phone: +44 207 459 4444

Mail: hello@customs-declarations.uk

Website: https://www.customs-declarations.uk/

[gaiatheorist]

Improvising, and unpaid labour.

Half past four in the morning, I’m working around how to make a pie and a curry at the same time, with my ‘limited capacity’. I’m also factoring in energy costs, the impact of processes on end-products, and how to maximise my use of the ‘dead’ time between stages. My disabilities have an impact on my available functional hours, the hyper-vigilance that comes with my PTSD perversely helps me to portion-out my productivity. (Thanks, Mother, you didn’t teach me how to cook, or clean, or budget, but some other things you didn’t do mean that I can.)

Oliver Burkeman in this morning’s Guardian, is using the term ‘shadow work’. Most of us have always acknowledged that we have to do our own cooking, household chores and such. The category on my PIP award that scored the highest number of ‘points’ was ‘preparing and cooking food’. In reality, I actually find some of the other descriptor-categories more difficult, dangerous, and draining, but I was able to list more adaptations to my food-processing practices. If you don’t eat, you die. (Yes, that’s dramatic, it would take weeks to starve to death. If I miss too many meals, the blood sugar dip impacts on my background fatigue. I forget to turn the heating on, or take painkillers on schedule, and there’s that foggy-fugue state, where I’ll just stare at the phone until it stops ringing. I also sleep too much, not to escape the hunger-pangs, I don’t feel those, but because my body realises I have no energy, and effectively CTRL/ALT/DEL shuts me down.) 

‘Shadow work’ takes on a different meaning when there’s a disability to factor in. It’s not just the “I’ve put it in the bag, you beepy bastard!” annoyance at the self-scan checkout, or remembering dozens of passwords for online utility billing and such, it’s varying degrees of everything. 

Necessity is the mother of invention. I had a short discussion with an acquaintance earlier this week, he’s damaged his ankle, and has a cast and crutches for a minimum of nine weeks. This is the first week, and he’s finding a huge number of basic tasks difficult. I’ve actually offered to go to his house and help out during this initial adjustment phase. By week four, he’ll be managing everything much more easily, and by week six, he’ll quite possibly be finding uses for the crutches that the NHS wouldn’t like endorsing. It’s what people do, we improvise and adapt. That particular chap ‘only’ has nine weeks of this, but it’s still a useful analogy. Cast-and-crutches, or one arm in a sling, or your car off the road, after the initial “Well, this is an absolute disaster.”, you start to work around things. 

I’m looking at the idea of ‘shadow work’ from multiple angles. Head-on, the increase in automation of some previously-human employment will flood the labour market with the people who used to do a job that a machine does now, that’s increased competition for jobs, which will be a concern for me when I’m fit-for-work. Historically, I objected to part of my previous job becoming automated, which was at odds with my principles, and odd in that I’d streamlined another part of my job, to need as little human-input as possible. The future is computers, though, and it’s none of my business how that all-singing-all-dancing software actually works in practice. 

Recently, I’ve been entangled in doing shadow work for DWP, ‘Sleeping with the enemy’ to provide information that they already have, for their fancy new system. (Pride goes before a fall, but I’m probably using it more effectively than the staff paid to use it, they could have cut a significant number of person-hours if they’d followed my initial straightforward suggestion, instead of their convoluted one. They’re making part of my payment manually while I chase the ex to change the tenancy agreement, instead of a 30-second check with HMRC. They’re also making me ill, boo-hoo, poor me.) I saw a quote, I can’t remember the source, someone within DWP stating that claimants weren’t allocated any payments during the first week of a claim, because “The claim process won’t give people time to write a CV.” Furious, me? (I’m always furious, frontal lobe brain injury.) 

Despite peripheral issues in an imminent brain-scan, and providing evidence to student finance, I managed to fill in the forms, and find the additional evidence that was behind the ‘beware of the tiger’ tab. (Wasted trip to the cash-point, thanks to Kenneth on the help-line, who’d told me to take an advice-slip issued on the day, when what the system actually asked for was two months of bank statements.) Luckily for all concerned, the new work coach barely glanced at the bank statements, I was fully expecting the Spanish Inquisition on the plethora of Amazon purchases after the PIP money went into my account. Mostly disability-aids for ‘normal’ household tasks, and repairing/replacing things I hadn’t been able to do while I was living on fresh air and food bank parcels as it goes, but I’d overheard enough “You don’t NEED Sky Sports, cancel it.” interviews to know there was the potential for them to pick through the statement. 

I’d filled in the forms, secured the requested evidence, and moved onto the next task on the ‘to-do’ menu, because it was there. “Oh, you already have a CV uploaded, that’s great!” and “Did you write these? They’re excellent.” I’d done my work coach’s job for her, and I’d done it very, very well. (Arya Stark “You want to watch that one.” and such. That’s not a threat, it’s a reference to the conversation my previous work coach probably thought I couldn’t hear, “She will already have done it.”) *Liam Neeson voice over* “I am a nightmare.” It’s the paranoia that keeps me three steps ahead, I know I’ll have days when I’m less functional, so I ‘bank’ tasks before they’re due, to avoid missing deadlines, I did that before the disability, to mitigate against working hours lost to migraines, and ensure I never left colleagues in the s*it if I was absent. Now, with ‘please log in today’ emails pinging to my phone all over the place, that anxiety is compounded, my work coach has confirmed that my claim won’t be ‘stopped’ if I don’t respond same-day, and noted a mitigation/reasonable adjustment that I’m less functional later in the day, but there’s still that anxiety about missing a computer-generated ‘task.’ and incurring a sanction. My phone battery is wearing down faster because I’m repeatedly logging into my email, in case one has come through while I’ve been in a signal dead-spot. Shadow-work, the coach probably ‘should’ have made me an appointment in a month to review my Claimant Commitment, and another a month after that to write a CV. It’s done, she doesn’t ‘need’ to see me again until January, except she will, because I’ll have to produce a copy of the tenancy agreement once the ex sorts it out. 

That’s not the only shadow-work I’ve done for DWP. There was the pointless ‘Work Capability Assessment’, and the horrendous PIP process as well. Almost half of women taken through the WCA process have attempted suicide. I know I contemplated it once or twice, and that’s a major admission coming from me. (I don’t know why that statistic only focused on women, unless it’s because men are more likely to complete suicide, due to choosing different methods, that’s a different scenario, ending-all as opposed to reaching that point, and still having to live through it.) 70% of PIP applications that are initially declined are accepted at Tribunal. It took me 17 months, from applying for PIP this time, to having my ‘award’ granted at Tribunal, and it wasn’t 17 months of sitting on my behind just waiting for it to happen. There are agencies and individuals who can assist with WCA and PIP processes, but they’re stretched too thin to cover everyone who needs help, and I’m a bugger for prioritising the needs of others over my own. (I’m also something of a control freak, I’m very difficult to work with when I perceive others working inefficiently, my “Oh, you’re making a right mess of that, give it here!” streak is strong.) During the UC/WCA/PIP process, I was over-stretching myself, and I became very frayed as a result. I was over-stretched in part because I should have asked for help sooner, and in part because when I did ask for help, it was too stretched and fragmented to be of any use. A social prescribing case-worker, a social worker, a welfare rights advocate, and two ladies from Citizens Advice. Little old brain damaged me, sitting in the middle of this fragile web of support, asking one party not to duplicate work being done by another, to save them work-load, and trying not to bang my head on the desk and say “It would be easier if you did it *this* way.”   

Shadow-work. Providing the same medical evidence to two different parts of DWP. “Rolling six benefits into one”, my arse, the ‘disability’ part is still separate from the ‘unemployment’ part, I have an award of PIP for three years, which is completely distinct from the one year notice of ‘limited capacity for work’. Both departments have exactly the same evidence on me, I know, because I photocopied the files myself. (At 10p a page, I’ll have you know.) 

The PIP process, and the WCA strand not only involved a hell of a load of shadow-work in terms of admin and coordination from me, they also cast light, and, paradoxically, shadow on my improvisations. Back to the crutches/cast analogy, you look at where you are, and where you need to be, and you figure out whether you can get there. You fall over a bit, and adjust your methods to avoid falling over again. Unless you can’t get up, and the police end up breaking in when the neighbours report the flies, and the smell. There are hundreds, or thousands of things I can’t do ‘normally’ any more, so I’ve had to make my own ‘reasonable adjustments’. (Some of them are bizarre, some are profoundly maladaptive, but they get me through most days without major incident.) Those improvisations, the additional shadow-load that’s on me every single day of my life, for functions that used to be so simple they required no conscious processing are a Very Bad Thing when it comes to PIP and WCA ‘assessors.’ “You said you had difficulties with x, I have decided that you can x.” over and over again. I didn’t say I “couldn’t”, I said I have difficulties, but some bloke in an office somewhere can ‘decide that I can.’, and that’s supposed to be case-closed. At that point, I was supposed to ‘just get on with it’, to limp around my various disabilities as best I could, because a decision had been made that I wasn’t disabled enough. Physically, I can’t do that, but, more importantly in my twisted little head, emotionally, intellectually, and socially I can’t do it, without my deficits placing myself or others at risk of significant harm. If I have a bad fall, or a cognitive lapse, not only is my life at risk, but I could place others at risk when they have to fish me out of whatever mess I’ve landed myself in. I won’t do that.   

Another layer of shadow-work for DWP, painfully describing my improvisations in more detail. That part alone is enough to deter some people, it’s demeaning to have to explain, yet again, how you get on and off the toilet without assistance from another person. (Also the PIP system keeps the descriptor activities the same, but alters the qualifying thresholds without telling anyone. “Can you walk 200m?” has somehow morphed into some ambivalence about being able to move that distance, regardless of how long it takes, how difficult or painful it is, or what aids or adaptations are needed. They haven’t so much ‘shifted the goalposts’ as changed the game altogether.) I knew from the outset that the ‘computer says no’ would be the outcome, that the ‘assessors’ wouldn’t see the additional adjustments I have to make every day, they’d just bounce back that I ‘can’ complete all of the descriptors. Not repeatedly, reliably, or within a reasonable time-frame, though, and only with a massive degree of improvisation, which is physically and mentally draining, compounding the fatigue-element of my condition. (Shuddering at the thought of ‘home help’ assisting me with washing, dressing, or toileting, but that’s the PTSD, and PIP claims only deal with your most-recent condition, not anything underlying that compounds it, bizarre system.) 

You’re damned if you do improvise, because DWP/PIP will tick the ‘can’ box, the ‘fit for work’ box. You’re damned if you don’t, because some faceless decision-maker will decide you’re just not trying hard enough. What about the people that can’t improvise? The ones who are already stretched to the limits of their functional capacity? Have they tried just not being disabled/depressed/dependent? 

“Making work pay.” is a cute tag-line, but underneath it is the reality that vulnerable and disabled people are being churned through a workhouse that doesn’t work. We’re inputting our own admin. I have some cognitive issues, but nowhere near as high a level as some people. I have some visual issues, and my left hand doesn’t work properly, reading and typing are time-intensive, and painful, but I ‘can’ do it for a narrow window, given plenty of screen-breaks, some people can’t. It’s not hyperbole at all to say that this government has blood on its hands, it does, and it will have more to come while these systems are in place. People will fall through the gaps in the system, which will suit statistics, because ‘unemployment figures are falling.’ People. People are falling, into a shadow-realm of not being counted as ‘anything’. Some people’s improvisations to deal with that will be brutal. Domestic violence will increase when the ‘dole money’ suddenly stops going into bank accounts. Street robberies and burglaries will increase when people run out of their own things to sell. Referrals to social care and food banks will continue to increase. Evictions will increase, placing additional strain on local authorities to provide emergency accommodation, and I seriously doubt that people in emergency accommodation will be able to satisfy the conditionality of checking their online account for ‘to-do’ actions. Two-for-one sanctions there, I wonder if there are bonuses for that? 

This isn’t working, I genuinely don’t believe it was ever meant to, I think that the intent all along was for it to be so complex and intensive that people would just opt-out. All well and good if that opt-out is into gainful employment, some of the opt-outs will be of a more permanent nature, and the government will still have to allocate resources to deal with the very long shadows this shadow-work will create.

[georgewagner]

Winter Economy Plan: The latest coronavirus government support for tradespeople

In the latest Winter Economy Plan, the government has included measures to support UK businesses that are facing decreased demand or are legally required to close their premises, due to the coronavirus (or COVID-19) pandemic. We’ve summarised the initiatives available for small and medium-sized (SME) trades businesses below.

Self-Employment Income Support Scheme (SEISS) extension

What is it?

The government has extended the SEISS, which was due to end in November 2020. The SEISS now includes two more direct cash grants.

The first grant will cover 40% of your average monthly trading profits, capped at £3,750 in total. It’ll be paid as a single instalment, covering the three-month period from November 2020 to the end of January 2021. The second grant will also cover a three-month period, from the start of February to the end of April 2021. The government is set to release more information soon about how much the second grant will be.

Both grants are taxable income and are subject to National Insurance contributions.

Who’s eligible?

Anyone who’s self-employed, or a member of a partnership, that:

Was previously eligible for the SEISS. However, you don’t need to have actually claimed it. The SEISS eligibility criteria is:

A trading profit of less than £50,000 in 2018-19 or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19.

You must have traded in the 2018-19 tax year and submitted your Self-Assessment tax return for that year, on or before 23rd April 2020.

You must have traded in the 2019-20 tax year.

You must intend to continue trading in the 2020-12 tax year.

More than half of your income during 2018-19, 2019-20 and 2020-21 tax years must have come from self-employment.

Declares that they intend to continue to trade moving forward, and:

Is actively trading but is impacted by reduced demand due to coronavirus, or

Was previously trading but is temporarily unable to do so due to coronavirus.

If you trade through a limited company or trust, then you won’t be eligible for the SEISS extension.

How can I access it?

Applications aren’t open yet. HMRC will provide more guidance soon – we’ll keep this article up to date.

Bounce Back Loan Scheme extension

What is it?

The government has introduced a new Pay As You Grow option, to allow all businesses that used the scheme to repay their loan over a period of up to 10 years, instead of the 6 years initially offered. This will cut average monthly repayments by almost half.

The extension also allows businesses to temporarily move to interest-only payments for periods of up to six months, up to three times. Repayments can also be paused entirely for up to six months, but only once and only after you’ve made six payments. 

If you haven’t applied for a Bounce Back Loan yet, then the application deadline has been extended until Monday 30th November 2020. The Bounce Back Loan offers SMEs that are negatively affected by coronavirus a loan of £2,000 to £50,000, capped at 25% of their total turnover. This will be based on the calendar year 2019, or new businesses can estimate.

No repayments need to be made for the first 12 months of the loan, and the government will cover the first 12 months’ interest payments. After 12 months, you’ll be charged a fixed 2.5% annual interest. You can read more details about the scheme on our Trade Advice Centre.

Who’s eligible?

UK businesses established before 1st March 2020, that are currently trading and have been negatively affected by coronavirus. Banks, insurers, reinsurers, public-sector bodies, further education establishments that are grant-funded and state-funded primary and secondary schools are excluded.

Your business must not have been ‘undertaking in difficulty’ on 31st December 2019. Also, if you’ve already secured a loan under the Coronavirus Business Interruption Loan Scheme, then you won’t be eligible. However, you can speak to your lender if you’d like to transfer a Coronavirus Business Interruption Loan of up to £50,000 into the Bounce Back Loan Scheme. This option is available until the end of November 2020.

How can I access it?

Applications are currently open until 30th November 2020. Fill in the online form on the British Business Bank website to apply.

Coronavirus Business Interruption Loan Scheme deadline extension

What is it?

A loan of up to £5 million. The government has extended the repayment term to 10 years as part of the Winter Economy Plan, to help businesses that may be otherwise unable to repay their loan. The first 12 months of interest payments and fees are also covered by the government.

A successor loan guarantees programme is also being set up to start in January 2021.

Who’s eligible?

UK-based businesses with an annual turnover of less than £45 million. You must also:

Have a borrowing proposal that the lender would consider practical, if not for the coronavirus pandemic.

Self-certify that you’ve been adversely affected by COVID-19.

Not be classed as a ‘business in difficulty’, if you’re applying to borrow £30,000 or more.

How can I access it?

Applications have been extended to 30th November 2020. To apply, visit the British Business Bank website.

New Payment Scheme for VAT deferrals

What is it?

Businesses which deferred their VAT due between March and June 2020 now have the option to spread their payments into 11 equal instalments over the 2021-22 financial year. This replaces the original deadline of the end of March 2021.

Who’s eligible?

All businesses that used the VAT deferral option.

How can I access it?

You’ll need to opt-in to the New Payment Scheme once it’s put in place in early 2021. We’ll share more information on how to do this once HMRC releases more details.

Enhanced Time to Pay service for Self-Assessment taxpayers

What is it?

A further deferral for Self-Assessment tax bills that were due on 31st July 2020, and those due in January 2021. This means that these Self-Assessment tax bills won’t need to be paid until 31st January 2022. There’s no penalty for using this service.

Who’s eligible?

Anyone that’s self-employed.

How can I access it?

Use HMRC’s Time to Pay service to secure a payment plan.

Job Support Scheme

What is it?

Replacing the Coronavirus Job Retention Scheme (also known as furlough) which is running from June to December 2020, the Job Support Scheme will be a government grant to help employers pay the full wages of employees that are working shorter hours. The scheme will begin in December 2020.

For each hour that an employee isn’t able to work, the employer and the government will each pay one third of the employee’s usual pay. The government contribution is capped at £697.92. So, the employee will get at least 77% of their pay, if the government cap isn’t reached.

You can claim both the Job Support Scheme and the Jobs Retention Bonus, which you can read more about in our Coronavirus: government support for construction businesses blog post.

Who’s eligible?

All SMEs are eligible for the Job Support Scheme.

To be eligible, employees must:

Be working at least 33% of their usual hours.

Not be on a redundancy notice.

As an employer, you must:

Have a UK bank account.

Have a UK PAYE scheme.

How can I access it?

The employer will be reimbursed in arrears for the government’s contribution. Further information on how to claim hasn’t been released yet. Keep an eye on this article for updates.

The team at Rated People are working hard to keep new job leads coming in. We’ve even seen a rise in demand for gardeners, painters, carpenters and more! Check out the latest job leads. 

For more information on the government support available for construction businesses during the coronavirus pandemic, head to our Trade Advice Centre.

Note: If there’s a lockdown announced in the regional area(s) that you work or live in, in addition to the national lockdown, the government says that you must follow all instructions from the relevant local authority.

Note: The government has confirmed that there is no limit to the group size when you are meeting or gathering for work. But, workplaces should be set up to meet the COVID-secure guidelines – follow the government’s guidance on how to return to work safely.

Further coronavirus support from Rated People:

For more information on staying safe whilst working, check out our Coronavirus: How to keep safe whilst working article. 

For FAQs about using our service, head to our Coronavirus: FAQs for tradespeople.

The pros and cons of walk-in showers

    How to be productive when working from home

    Feature walls: The do’s and don’ts

    Gas Safety Week 2020: How to protect your home

    Coronavirus: FAQs for homeowners

    The best times of the year to post your home maintenance job

The post Winter Economy Plan: The latest coronavirus government support for tradespeople appeared first on Rated People Blog.

Winter Economy Plan: The latest coronavirus government support for tradespeople published first on https://fanseeaus.tumblr.com/

[t-baba]

Node 15, React 17, and a cool JavaScript demo

#511 — October 23, 2020

Unsubscribe  |  Read on the Web

JavaScript Weekly

React 17.0 Released — The focus in React 17 is peace, harmony, and gentle progression, with subtle changes, making apps easier to upgrade gradually in future, and also to make it easier to embed React apps into apps built with other technologies.

Dan Abramov and Rachel Nabors

Node 15 Released — The new ‘release’ line (the one that gets all the new features first) of Node is here. Two key features:

An upgrade to the V8 8.6 engine (from 8.4) adding various JS features like Promise.any(), logical assignment operators, and String.prototype.replaceAll()

Unhandled rejections are now raised as exceptions by default. If there's any one change that'll cause you some head scratching, it's this.

For more, check this week's Node Weekly ;-)

New Course: Introduction to Next.js, The Full-Stack React Framework — Next.js is a complete framework built on top of React.js. You'll learn server-side rendering, static site generation, data fetching, code API endpoints, creating pages with the file system, add CSS modules, and more.

Frontend Masters sponsor

What Vue.js Does Better Than React — “I love and use React daily but was curious if there’s anything from Vue that React could learn from. Turns out there is! This post collects my findings.”

Harry Wolff

Skypack Discover: A Way to Discover and Test Recommended JS Packages — From the same folks as the Snowpack build tool, Skypack is basically a search engine for npm packages, but it’s added a ‘Discover’ feature which helps you pick the best options for you. You can then import them ES module style.

Fred K. Schott

⚡️ Quick bytes:

Want to see something cool? MONOSPACE is a demo (in the 'demoscene' sense) written in 1021 bytes of JavaScript and it won the 1024 byte demo competition at Assembly 2020.

Rich Harris (of Svelte fame) has shared a video exploring his thoughts on the future of Web development and where the Sapper Svelte-based framework slots in (or doesn't!) — Cool ideas here.

Vue 3.0.2 is out – almost entirely bug fixes. Or how about Ember 3.22 or the first RC of Angular 11?

Someone has noted that using const instead of var or let can cause big slowdowns in the JavaScriptCore engine Webkit (and Safari) uses. They're now on the case to resolve it.

We announced webpack 5 last week, but we're already getting webpack 5.2.0 this week.

💻 Jobs

React JS Developer (Remote) — Millions get inspired and plan adventures with our apps. To help us make komoot.com the place to go to plan outdoor adventures, we’re looking for an ambitious ReactJS developer to join our team.

Komoot

JavaScript/TypeScript Architect + Developer Advocate, London UK — It’s time to build your masterpiece – can you design a platform and a framework used by the NHS, HMRC, Valve, and Microsoft?

CareersJS

Find a Job Through Vettery — Create a profile on Vettery to connect with hiring managers at startups and Fortune 500 companies. It's free for job-seekers.

Vettery

📚 Tutorials, Opinions and Stories

Dissecting A Dweet: City Sunset — A fascinating exploration of how a mere 140 characters of JavaScript can produce beautiful procedurally generated cityscapes. You can play with/tweak the code here. Fun!

Killed By A Pixel

'Basic Authentication' with Lambda@Edge — An interesting way to use Lambda@Edge (lets you run code in front of a Cloudfront distribution) to add a rather old-school way of securing access to a static site. But does it work? Yes.

Sebastian Petterson

All the Canaries Lived: It’s Time to Adopt Progressive Delivery

LaunchDarkly sponsor

Getting Started with Next.js — Next.js is a React-based framework focused on providing a good developer experience for building complete, production-bound apps covering both backend and frontend.

Adebiyi Adedotun

Introducing the Async Cookie Store API (in Chrome 87) — A look at a new API that exposes cookies to service workers and provides an async alternative to document.cookie that also lets you react to cookie changes in real time.

Matan Borenkraout

Getting Started with OpenTelemetry in JavaScript and Node.js

OpenTelemetry sponsor

Managing Side Effects with Monads

Why `flatMap` Is So Great

🛠 Code & Tools

supported by

JSDB 1.0: An In-Memory, Streaming Write-on-Update Node.js Database — An easy-to-use, in-memory database that persists to a JavaScript transaction log and aimed at small scale (though Small Web is more nuanced than that as a concept) cases.

Aral Balkan

Pikaday: A Mature Date Picker with No Dependencies — This is an old project that has recently sprung back into life and gotten a release. I just love the name of it and its simple old-school nature. Demo here.

Bushell, Rikkert et al.

NSFW JS: TensorFlow-Powered Client Side Indecent Content Checking — Would it be helpful for you to detect.. ‘unseemly’ images on the client side? Enter NSFW JS. We first featured this over a year ago but it’s just had a significant performance-oriented update.

Infinite Red, Inc.

Stream Chat API & JavaScript SDK for Custom Chat Apps — Build real-time chat in less time. Rapidly ship in-app messaging with our highly reliable chat infrastructure.

Stream sponsor

JZZ: A MIDI Library for Node and the Browser — Brings the Web MIDI API to Node so you can send, receive and play MIDI messages from both Node and the browser on Linux, macOS and Windows. (Click on the logo on the official home page for a bit of fun.)

Jazz Soft

Fingerprint JS 3.0: Modern and Flexible Browser Fingerprinting Library — With v3 it’s become completely modular and has been rewritten in TypeScript. Definitely one of those ‘please use this for good, not evil’ type projects though.

FingerprintJS

73 Awesome NPM Packages for Productivity — This is one of those ‘grab bag’ list style posts we used to include a lot more several years ago, but it’s a reasonably good one if you fancy a quick browse.

Madza

🔗 From the queue..

We don't ever get to use all of the great links we have because we don't want to overwhelm you each week, but we thought it'd be neat to quickly feature some of them in case the titles jump out at you – so we'll be including this special section from time to time for you to skim through:

Enjoy!

The Flavors of Object-Oriented Programming (in JavaScript) Zell Liew

An Introduction To Running Lighthouse Programmatically Katy Bowman

Understanding Reduce in JavaScript Monica Powell

Working with JavaScript Media Queries Marko Ilic

Supercharge Testing React Applications With Wallaby.js Kelvin Omereshone

Three Approaches for Implementing Nested Forms in Angular Latish Sehgal

by via JavaScript Weekly https://ift.tt/37xfPc1

[ukimmigrationmatters]

New Lockdown Grants Available for UK Businesses and Workers Affected by COVID-19 Disruption

Following the third Covid-19 lockdown, which started 5 January 2021, the UK Chancellor, Rishi Sunak, announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to the job retention and loan schemes revealed on 17 December 2020. There may be more to come with the Budget on Wednesday 3 March 2021.

New lockdown 3.0 grants

An extra £4.6 billion in lockdown grants has been directed at the worst affected sectors.

New grants for closed retail, hospitality and leisure businesses have been introduced. The new grants are in addition to all other forms of support, such as the Lockdown Restrictions Support Grant (LRSG (Closed) Addendum) which applied to businesses that were forced to close between 5 November  and 2 December 2020.

The new grants in England will be:

·       £4,000 for businesses with a rateable value of £15,000 or under;

 ·       £6,000 for businesses with a rateable value between £15,000 and £51,000; and

 ·       £9,000 for businesses with a rateable value of over £51,000.

In addition, £594 million is being made available for Local Authorities and the Devolved Administrations to support other businesses not eligible for the above grants, that might be affected by the latest restrictions. Businesses should apply to their Local Authorities.

The Devolved Administrations will be receiving additional funding in line with the English measures, with £375 million for Scotland, £227 million for Wales and £127 million for Northern Ireland.

The announcement of the new grants talks of helping business “through to the Spring”, with the Chancellor hinting that additional support measures are to come in the Budget on 3 March 2021.

Coronavirus Job Retention Scheme (CJRS)

The CJRS “job furlough” scheme is now running through to April 2021.

According to Statistica.com, as of December 13, 2020, approximately 9.9 million jobs, from 1.2 million different employers were furloughed in the United Kingdom as part of the government's job retention scheme. The overall cost in 2020 exceeded £43 billion and continues to rise with more businesses forced to close in lockdown 3.

On 17 December 2020 the Chancellor announced a further one-month extension of financial support under the Coronavirus Job Retention Scheme (CJRS) to the end of April 2021. As currently, the government will pay 80% of the salary of employees for hours not worked up to a maximum of £2,500. Employers will only be required to pay wages, National Insurance Contributions (NICs) and pensions for hours worked; and NICs and pensions for hours not worked.

Claims for furloughed employees can only be made for those who were employed and on payroll on 30 October 2020. The employer must have made a PAYE RTI submission to HMRC between 20 March and 30 October 2020, notifying a payment of earnings for that employee. This may differ where an employee has been made redundant, or they stopped working on or after 23 September 2020 and have subsequently been re-employed.

Self-employed Income Support Scheme (SEISS)

SEISS Continues.

No changes to the SEISS were announced alongside the CJRS extension, as the SEISS already runs through to the end of April 2021. Details of the fourth SEISS grant that will cover the three months from February to April have not yet been released. How to apply for SEISS.

Loan schemes

Most schemes extended to 31 March 2021.

On 17 December the Chancellor extended access to the Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS), and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) until the end of March.

Additional support measures

In November 2020 the Financial Conduct Authority (FCA) published fresh guidance across a range of issues including mortgages and consumer credit and loans. The thrust of these was to limit the maximum payment holiday to six months, which had to be agreed three months at a time.

Source: Tax Briefs.

As the government hints at even tougher lockdown action, the Federation of Small Business estimates that 250,000 small businesses will go under this year.

By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. See more articles at www.moneytipsdaily.com

There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

[makesworthacc]

Reporting expenses and benefits for 2019/20

Employers who provided taxable expenses and benefits to employees in 2019/20 need to tell HMRC about them by 6 July 2020, if they have not opted to tax them via the payroll.

Non-payrolled taxable expenses and benefits are reported to HMRC on form P11D. Employers must also file a P11D(b) by the same date. This is the employer’s declaration that all required P11Ds have been submitted, and also the statutory Class 1A return.

Taxable value

The taxable value of the benefit is normally the cash equivalent value. However, where the benefit has been provided under an optional remuneration arrangement, such as a salary sacrifice scheme, and is one to which the alternative valuation rules apply, the taxable amount is the relevant amount. Broadly, this is the salary foregone where this is higher than the cash equivalent value calculated under normal rules.

Exempt benefits

Benefits and expenses that are exempt from tax do not need to be included on the P11D. However, remember to check that all associated conditions have been met.

The exemption for paid and reimbursed expenses means that no tax liability arises where the employer meets or reimburses expenditure which would have qualified for tax relief if met by the employee. Paid and reimbursed expenses falling within the scope of the exemption do not need to be reported on the P11D.

PAYE Settlement Agreements

An employer can use a PAYE Settlement Agreement (PSA) to meet the tax liability on certain benefits and expenses on the employee’s behalf. Items included in a PSA do not need to be returned on the P11D. A PSA is a continuing agreement and remains in place until revoked. Review PSAs before 6 July 2020 to ensure they remain valid and to add any new items that you wish to include.

Payrolled benefits

Employers can opt to tax benefits through the payroll (‘payrolling’) instead of reporting them to HMRC on the P11D. This option is available for all benefits excluding low-interest and interest-free loans and living accommodation. However, the employer must register before the start of the tax year to payroll.

Payrolled benefits do not need to be included on the P11D; however if other benefits are also provided, these must be included.

Remember to include payrolled benefits in the calculation of the Class 1A liability on the P11D(b).

Online or paper forms

Expenses and benefits returns can be filed online using HMRC’s Expenses and Benefits Online Service, PAYE for Employers or commercial software.

However, there is no requirement to file online and paper returns can be filed if this is preferred.

The deadline is 6 July 2020. Employees should be given a copy of their P11D by the same date.

A nil return is required where HMRC have sent a P11D(b) or a P11D(b) reminder letter. It can be made online at www.gov.uk/government/publications/paye-no-return-of-class-1a-national-insurance-contributions.

Pay Class 1A National Insurance

Class 1A National Insurance contributions for 2019/20 should be paid by 22 July 2020 if payment is made electronically. If payment is made by cheque, as 19 July falls on a Sunday, the cheque should reach HMRC by Friday 17 July.

source: https://makesworth.co.uk/reporting-expenses-and-benefits-for-2019-20/

For more information Structures and buildings capital allowances, Book a Free Consultation

[opticien2-0]

Coronavirus round-up: latest from DFS and AO, plus how shoppers are buying, footfall figures, job retention scheme and more

We’re reporting on the effect of the Covid-19 coronavirus pandemic on the way UK shoppers buy – and on how retailers are responding to that changing behaviour. As of April 19 at 3.13pm, the UK had 120,067 confirmed cases of Covid-19, and 16,060 deaths in hospital. That includes 5,850 new cases and 596 deaths over the previous 24 hours.

    DFS sees online sales rise

  DFS says its online sales have grown by a fifth as its shops have closed during the coronavirus lockdown – and that it is planning to restart sofa deliveries once it has a “safe and workable approach” for two-person installation into customers’ homes.

  Shoppers have not been able to buy in store from DFS group since March 25. Between March 25 and April 17, gross online sales at dfs.co.uk grew by 20.2%, with ongoing orders now worth £192m from £185m previously. The retailer says its DFS and Sofology brands are receiving inbound deliveries of customer orders from manufacturers in the Far East while Dwell is sending parcels from its accessories warehouse. Those sofas will be delivered to customers once that’s possible.

  The retailer says it is in the ‘advanced stages’ of securing extra debt of between £60m and £70m with its existing lenders, adding to its existing £250m facility. The cash will enable it to keep working until sofa deliveries can resume. It is also preparing to raise further equity by issuing shares equivalent to up to 19.9% of its existing share capital.

  DFS says it has worked with landlords and suppliers to reduce its costs to less than £14m a month until its showrooms, manufacturing and distribution operations can reopen.

    Store visits plummet as lockdown bites

  Store closures as a result of the Covid-19 coronavirus lockdown have seen the number of visits to UK stores fall by a record 44.7% in March, new figures suggest.

  Non-essential retail shops were ordered to close in the week of March 23. In the preceding three weeks UK footfall was down by an average of 17.7%, according to the latest BRC/Shoppertrak figures, which cover the five weeks to April 4. But in the final two weeks of the month, store visits were down by an average of 83.2%. Read the full story here.

    Government job retention scheme goes live

  The government’s Job Retention Scheme went live online today. The JRS enables employees to stay on the payroll while being ‘furloughed’ and the government will pay 80% of their salaries while on furlough. The online application service is said to be able to support up to 450,000 applications an hour from employers – who should then receive the cash within six days to pay their April payroll.

  Two million employers have already been emailed a five-step guide to claiming the allowance – along with warnings that scams are circulating. HMRC says there is no need to call unless there is a problem in order to keep lines free for those who most need help.

    AO launches free timed deliveries for NHS workers

  Electricals retailers AO.com is giving NHS workers both free delivery and the choice of what time their delivery will arrive as it looks to make it as easy as possible for frontline staff to get their appliances delivered at a time that suits them. NHS staff can also get a 10% discount

  Those ordering from an NHS.uk or NHS.net email address, from doctors and nurses through to porters and care home workers, will be able to take up the offers.

  David Lawson, managing director of AO.com, said: “We’re all hugely grateful to the NHS front line workers and this new service is just one of the ways that everyone in AO.com can show their appreciation. We know that shifts mean timing is everything with a delivery so this is designed to make it safe, hassle-free and easier for these frontline NHS workers to get their electricals at home at a time to suit their working pattern, and ultimately help them do what they do best.

  “Now more than ever, AO’s products such as fridges, freezers, washing machines, cookers and TVs are essential for those who need to store food safely, provide clean clothes, hot nutritious meals and family entertainment.”

  The Central England Co-op rewards staff with an extra week’s pay

  The Central England Co-op has rewarded staff with an extra week of pay for going above and beyond during the coronavirus outbreak.

  The retailer, which covers the West and East Midlands as well as Yorkshire and the East of England, is to pay the extra cash to its frontline staff in stores, funeral homes and distribution hubs via their June pay packet.

  Shoppers prepared to pay more during pandemic: study

  Most (69%) shoppers are still buying their groceries in-store, despite the Covid-19 health crisis. And most (95%) put shortages down to other shoppers’ behaviour, with only 5% putting the blame on grocery stores, according to the Toluna Covid-19 Barometer.

  The barometer, which questioned 1,068 people between April 9 and April 14, found that 41% thought retailers were helpful. Asked how they had changed their behaviour in the light of the coronavirus lockdown, 65% had gone without something they would usually buy. Others said they had tried a new product (26%) or a new brand (28%) when they could not buy their usual item, while 47% had paid more than usual for something they would have bought before the pandemic. Some 54% said a specific brand was important to them, and 46% said it was not. When forced to choose between brand and product, 47% said they would try a different brand of deodorant, toothpaste or shampoo but not a different product, while 39% would buy a different brand of alcohol but not a different type.

  Lucia Juliano, head of CPG and retail research at Harris Interactive and Toluna, said: “The COVID-19 pandemic is revealing interesting sentiments among consumers about retailers and brand loyalty too."

  She added: "Brand loyalty is still important for people but when forced to choose between brand and product when their preferred brand isn’t available, they will turn to an alternative product.”

  Call to free up global trade after coronavirus

EuroCommerce director-general Christian Verschueren has called on political leaders to free up global trade after the Covid-19 pandemic.

  He said: “Before the virus became a global crisis, we saw a worrying spread of an equally pernicious development – the mistaken belief that economic growth can come from imposing tariffs and blocking imports. If we are to see the world economy start growing again after a downturn maybe as bad as in the 1930s, world leaders should get together now to agree on how to do so. Above all, they need to avoid the same mistakes made then of closing down international trade. Supply chains are complex and global, and these need to stay open if all of our economies are to recover quickly.”

  Verschueren says that retailers and wholesalers depend on cross-border and global trade to get consumers the products they expect to see in the shops, or the components manufacturers need to stay in business. He says that all economists are predicting the impact of the virus will depress all countries’ GDP significantly and, with uncertainty about the future of people’s jobs, consumer confidence is as low as it was after the financial crisis of 2009.

  He points to WTO warnings that world trade may drop by 30% by the end of the year unless governments act to avoid this happening. While there may be sound reasons to look to onshore some activities to create additional resilience and achieve certain sustainability goals, the worst thing governments can do to their own and the world’s economy is to depress it further with protectionist policies, whether by imposing tariffs or by protecting uneconomic state-owned enterprises.

  He added: “Global trade has been the reason for the unprecedented rise in prosperity, lifting millions out of poverty since 1948 when the GATT was formed. The EU has led the world in resisting the mistaken policies of some major trading partners who believe that trade is a zero-sum game. It should continue to do so, and other trading partners should do the same.”

    Image courtesy of DFS

from InternetRetailing https://ift.tt/2RSaZ0e via IFTTT

[themortgagebureau]

We are here for YOU

These are difficult times, while much is being done to tackle the impact of coronavirus we are here for you. As part of this process, we’d help explain some of the developments and assist those that wish to act with regard to their finances.

We are here to help you

Covid-19 – key actions taken

Whilst delivering protection to the NHS is the government’s primary focus, there is also a whole raft of multi-billion pound packages to help support the economy and people’s income stream and job security:

1. Salaried (PAYE) workers

The Coronavirus Job Retention Scheme guarantees 80% of the salary of eligible workers, up to a ceiling of £2,500/month. See below for more.

2. Self-Employed workers

A similar set-up for those eligible, with 80% of the self-employed workers’ average earnings over the last three years (if applicable), up to a maximum of £2,500 each month. See below for more.

3. Mortgage payers

The reduction in the Base Rate to 0.1% should benefit the mortgage deals on offer. However, a sizeable number of higher Loan-to-Value deals have been pulled, partly due to the increased workload faced by lenders.

This increased workload relates, to some extent, to supporting customers who are experiencing issues with their finances due to COVID-19, including payment holidays of up to 3 months. See below for more.

4. Those off work

All of those advised to self-isolate – or caring for those self-isolating – will be entitled (if eligible) to Statutory Sick Pay (SSP). For those who cannot claim SSP (such as the self-employed), there will be alternative comparable support through the welfare system. Additionally, the normal welfare options are in place, if unemployed.

5. Businesses

The recent Budget introduced a number of initiatives, such as the £30bn of support to stimulate the economy and help counter the impact of coronavirus.

And following the Budget, the Chancellor announced that he would make available a further initial £330bn of government-backed loans to assist firms of all sizes through this period.

Recognising the impact on many small and medium-sized businesses, assistance will also be delivered in areas such as reclaiming Statutory Sick Pay (SSP), business rates help, possible grants, more time to pay tax, and deferring VAT payments.

Further information about the support offered (along with the other initiatives mentioned here) can generally be found at www.gov.uk (then search for covid-19).

—-

80% of Salary – Coronavirus Job Retention Scheme

Under this scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off.

It would be applicable to those designated as ‘furloughed workers’ (people absent temporarily from work), and the HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. This would run for an initial 3-month period, and possibly longer. HMRC are working urgently to set up a system for reimbursement.

This will hopefully keep a sizeable part of the workforce in their jobs and deliver an income stream for them through this difficult period.

Mortgage payment holiday

Mortgage lenders have agreed to support customers (including buy-to-let borrowers) who are experiencing issues with their finances due to COVID-19, including payment holidays of up to 3 months.

Whilst this may deliver much-needed financial help, do give consideration to whether this is the most suitable route forward for you.

Firstly, it’s not waiving the money that’s owed, as that’s simply added to the overall outstanding amount, so you may be paying more for your mortgage in the long run.

Second, you need to agree to this with your mortgage lender, so you can’t just stop making payments, as that might also impact on your credit rating.

Finally, there may be other options to consider (if available), such as extending the length of the mortgage term to help reduce the immediate monthly payments (again, this would increase the overall cost of the mortgage). You may be able to pay a lower amount each month or even switch to just paying the interest for a defined period (where the capital amount that’s outstanding would remain the same).

If you do want to proceed, then you may need to be patient, as the lenders have been inundated with applications and calls.

—-

Self-Employed Income Support Scheme

This scheme will deliver a taxable cash grant of 80% of self-employed workers’ profits, up to £2,500 per month. Those eligible will able to both claim and continue to work.

The scheme will be open to those with a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from the previous three financial years (2016-17, 2017-18 and 2018-19).

Another qualification is that more than half of the income in these periods must come from self-employment.

– The scheme would cover a minimum period of 3 months, and possibly be extended beyond that. The initial period covered would run to the 3 months up to May, but the complexity of setting it up would mean the back-dated payment would not occur until the beginning of June.

– As self-employed status can be open to interpretation, do contact HMRC now to see if you are eligible. Particularly as the government also announced that those who pay themselves a salary and dividends through their own company are not covered by the scheme, but will be covered for their salary (up to the eligible amount) via the Coronavirus Job Retention Scheme (see above).

—–

Keen to Act?

You may not require government support, instead, you could be keen to take advantage of the excellent mortgage deals currently on offer (further improved by the cut in the Base Rate).

This may motivate you to assess, for example, your remortgaging (or product transfer) plans such as:

needing to raise funds to further improve your existing property.

looking for a new deal, as you’re coming to the end of your current one.

still sitting on your lender’s more expensive Standard Variable Rate.

simply wanting to identify a better mortgage deal than the one you have.

We’d currently expect more interest in remortgaging your existing property (and product transfers), than funding property moves. That said, the marketplace will, no doubt, be looking at innovative ways of how to make that supply chain work, in light of the need for social distancing.

Whatever your plans, do be mindful, that partly due to the impact of coronavirus on the workload of lenders, a number of higher rate Loan-to-Value deals have been pulled.

Don’t forget Protection cover

In these challenging times – whether you’re still living at home, renting, or a homeowner – you’ll also recognise the importance of having insurance cover in place to protect your life and/or loss of an income stream.

With so many issues to consider and ongoing developments, it makes sense to see how we can help.

You may have to pay an early repayment charge to your existing lender if you remortgage, but we are here for you.

As with all insurance policies, terms, conditions and exclusions will apply.

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https://www.themortgagebureau.co.uk/blog/we-are-here-for-you/

[rikeshshonchhatra]

Benefits of Form 17 Income Tax Declaration

HMRC uses Form 17 to confirm where civil couples or married own a joint property together in unequal shares. Complete the form 17 for the declaration of trust with HMRC would tax you equally on the jointly owned property income regardless of your actual beneficial ownership.  Understand the significance of HMRC form 17 for unmarried owners and why one needs a declaration of trust.

[oneminutemoneymagazine]

HMRC’s PAYE Coding Notices (Form P2)

These are appearing on our doormats around now telling us what our tax code(s) will be for the year beginning 6th April 2017.  Eagle eyed readers will already have spotted that “PAYE Coding Notice” is the old heading, which has been replaced by “This is to tell you your tax code(s) for the year 6 April 2017 to 5 April 2018″.

Whether we like it or not, it is a legal responsibility to check these coding notices for mistakes and omissions and to advise HMRC if we find any.  If in any doubt, tell them anyway.  They do appear to be including more information now and, whereas most of it will be right, my family’s experience is that there are mistakes and some of the figures bear no resemblence to reality.  HMRC are not malevolent and they will get our tax right only if we help them.  The same is true for the Annual Tax Summaries for 2016/17, which will arrive later this calendar year.

My preferred way to notify HMRC of mistakes and omissions is to write a letter, even though they are trying to persuade us to move online.  Letters to them nearly always produce good results in reasonable time and automatically document what has been said (which is not true of telephone conversations).  Today’s coding notices omit HMRC’s postal address, which may be by accident or design, but just look back a couple of years in your tax file and you’ll find it.

All of this seems to be part of a transition towards a system known as “pre population”.  The idea is that, instead of us filling in an annual tax return, HMRC will advise us online what they think our figures are we have to check it.  “Pre population” means that the data boxes will already be filled in.  HMRC hope to start to roll out this system from 2018 or 2019, but time will tell.

(26/02/2017)