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Richest 1% hold almost a quarter of UK wealth

The UK’s wealthiest 1% of households hold almost £800bn in assets official statistics show, raising their share of household wealth to 23%

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Don’t forget to file your self assessment tax return

The deadline for submitting your 2019/20 self assessment tax return is midnight on 31 January 2021.

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Your financial New Year’s resolutions (1)

Creating some financial New Year's resolutions is a good way to help ensure that you are on course for a successful and profitable year ahead.

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Savers receive Help to Save bonus payment

More than 60,400 savers across the UK have earned their first Help to Save bonus payment, each receiving an average of £378 in time for Christmas

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IPSE calls for government to extend SEISS

The government must match its commitment to employed workers by extending the Self-employment Income Support Scheme (SEISS)

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Beware of charity scams this Christmas

Action Fraud has warned the public to remain vigilant when making festive charitable donations as the number of scams rises.

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UK Trader Scheme launched for GB/NI movement of goods

HMRC has launched a UK Trader Scheme (UKTS) to support businesses moving goods from Great Britain to Northern Ireland from the start of next year

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Chancellor extends furlough and loan schemes

The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages

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IR35 status check failing to deliver results

HMRC's enhanced version of the check employment status for tax (CEST) tool is failing to make a determination for one in five off-payroll workers

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£100 billion savings glut could fuel economic recovery

£100 billion in excess savings built up by UK households during this year's coronavirus (COVID-19) lockdowns could help fuel an economic recovery

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Festive gifts to charity

Over the festive period many people plan to donate to charity rather than give presents.

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HMRC cracks down on marketing of tax avoidance schemes

HMRC has teamed up with the Advertising Standards Authority (ASA) to act against misleading marketing by promoters of tax avoidance schemes.

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Number of CBILS applications to rise

The number of applications for the government's Coronavirus Business Interruption Loan Scheme (CBILS) is set to rise, experts have predicted

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HMRC advisory fuel rates from 1 December 2020

HMRC have published company car advisory fuel rates for use from 1 December 2020.

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Chancellor presents Spending Review

On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons

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HMRC issues warning about Self Assessment scammers

HMRC is warning customers completing their self assessment returns to take care to avoid being caught out by scammers

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Furlough – changes you need to know

The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 31 March 2021.

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UK economy rebounds from recession

The UK's economy bounced back from recession with record growth of 15.5% from July to September

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Self-employed sector facing avoidable decline

The self-employed sector is facing a 'long-term but avoidable decline', the Association of Independent Professionals and the Self-Employed (IPSE) has cautioned

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Real Living Wage increases across the UK

The Real Living Wage has increased to £9.50 per hour across the UK.

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