The original concept for national insurance contributions (NICs) was as a part of social welfare reforms implemented by the government in the early 20th century. The idea being to establish a social insurance that provides financial protection and assistance to individuals and families when sick or unemployed, or in old age.
Last week, HM Revenue and Customs (HMRC) announced changes to its helpline services that will encourage people to go online first. However, in a fast about turn, the very next day they halted these changes while they consider how best to help taxpayers make more use of online services.
The Information Commissioner’s Office (ICO) has released some new data protection fining guidance showing how it decides to issue penalties and calculate fines. A consultation on the guidance took place last year and the new guidance provides greater transparency on how the ICO uses its power to fine.
Last week, the Bank of Japan raised its key interest rate to a range of 0.0%-0.1% from -0.1%. The move comes after increases in consumer prices have led to wage rises. Official figures in Japan show that the core consumer inflation remained at the bank’s target of 2% for January. However, due to rising cost of living, the biggest companies in Japan agreed to a 5.28% salary increase earlier this month.
The Financial Conduct Authority (FCA) have said that they are assessing the extent of a pre-2021 problem with some car finance arrangements. Prior to January 2021, some brokers were permitted by lenders to adjust the interest rates on the car finance they arranged for customers.
The Department for Environment, Food & Rural Affairs (Defra) and the Forestry Commission have announced a significant uplift in England Woodland Creation Offer (EWCO) payments. The uplift is intended to promote an increase in tree-planting across the country. It takes effect immediately and offers more tailored tree-planting incentives to farmers and land managers, while also protecting food production farmland.
When you browse to a website it is now commonplace to have to interact with a cookie notice where you give permission or not to the use of advertising cookies. Website cookies are small text files that websites store on a user’s computer or device. These files contain information about the user’s interactions with the website, such as login credentials, preferences, browsing history, and shopping cart items.
Penny Appeal, a charity based in Wakefield, have been ordered to stop sending unsolicited marketing texts by the Information Commissioner’s Office (ICO). The charity sent more than 460,000 unsolicited texts over a ten-day period to 52,000 people who had either not provided consent or had clearly opted out. The texts were sent at the time of Ramadan in April and May 2022 to encourage people on a daily basis to donate.
2024 seems to be a good year to be a small business. The UK Government is doubling down on its commitment to the nation’s 5.5
A consultation was launched last week to look at ways to make food labelling fairer and clearer. This is part of an initiative looking at
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