Business News
State pensions predicted to rise by 8%
The raise would cost the Treasury £3 billion.Sweeping VAT changes for goods outside the EU
The EU launches its long-awaited one-stop shop.Treasury considers investing pension pots into startups
It comes as the Government seeks capital for recovery.Thousands leave NHS pension scheme over tax bills
Over four years, 180,000 staff left the scheme.£305,000 needed for a ‘comfortable’ retirement
That equates to £26,000 a year.HMRC publishes penalties for not paying deferred VAT
Businesses can still make arrangements to avoid penalties.Workplace pension contributions bounce back after slump
Employee contributions increased by 12% in Q3 2020.VAT reverse charge reminder
The charge comes into effect from 1 March 2021.New help-to-buy equity loan scheme set to launch
First-time buyers can get up to 20% off the cost of a new home.Retirement plans changed due to COVID-19
13% of over-50s have adjusted their retirement age.
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