Category: Money

Bedford Borough: Council Tax support during Coronavirus

Bedford Borough Council is working to offer local residents help with their Council Tax, for those who are struggling financially because of the coronavirus pandemic.

The Council has a 100% Council Tax Reduction Scheme in place; this means that those with the lowest incomes already do not pay any Council Tax.

Following the Government’s announcement of a COVID-19 Council Tax Hardship Fund, the Council is extending this.

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Be vigilant against coronavirus scams

Working with its partners, The Insolvency Service is warning its customers and members of the public to be vigilant in the face of scams connected to the coronavirus (COVID-19).

These scams could take many forms and might take the form of pensions transfers, high-return investment opportunities or health insurance supplements.

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£10,000 grant available for Healthy Heart projects for communities in Anglia

Community groups in Anglia that help local people look after their hearts can now apply for a regional grant up to £10,000. This is thanks to national charity Heart Research UK and the Subway® brand.

The Heart Research UK and Subway® Healthy Heart Grant is available for new and innovative projects that promote healthy hearts and reduce the risk of heart disease in the community.

Projects should deliver health initiatives such as cooking skills and healthy eating. They should also encourage people to get more active and promote positive mental wellbeing.

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Landlords need to be ready for changes to Capital Gains Tax for property sales

The deadlines for paying Capital Gains Tax after selling a residential property in the UK are changing from 6 April 2020. From this date UK residents selling a residential property in the UK will have 30 days to tell HMRC and pay any Capital Gains Tax owed.

Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.

Those that don’t tell HMRC within 30 days of completion may be sent a penalty as well as having to pay interest on what they owe.

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DVLA warns motorists to be aware of scams

DVLA has revealed a 20% rise in scams reported to their contact centre, with 1,538 reports about suspected vehicle tax scams during the last 3 months of 2019.

It comes as new figures show a 20% increase in scams reported to DVLA. With 1,538 reports made to agency in the last three months of 2019.

The reports of suspected web, email, text or social media scams were up from 1,275 in the same period in 2018.

DVLA has released the images of recent scams reported to help motorists be aware of what to look out for and issue a clear warning that if something offered online or by text message appears too good to be true, then it almost certainly is.

Scammers are targeting unsuspecting customers with links to services that don’t exist and messages of tax refunds, all of which are fake.

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Spoil your loved one with HMRC’s Valentine’s Day cash boost

HM Revenue and Customs (HMRC) is proposing to married couples and those in civil partnerships to sign up to a £250 tax break this Valentine’s Day.

It says that more than 1.78 million couples have already committed to the Marriage Allowance boost. However, it is estimated more than 2 million are missing out on up to £250 this year.

If their claim is backdated, they could even receive up to £1,150. This is the last chance for eligible couples to backdate their claim for the 2015 to 2016 tax year as the deadline for doing so is 5 April 2020.

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‘Get quacking’ – with less than a month to go

About 5.4 million taxpayers have less than a month to complete their Self Assessment tax returns before the 31 January deadline.

More than 11 million 2018 to 2019 tax returns are due back with HM Revenue and Customs (HMRC) by the end of January. Around 54% of taxpayers have already filed their returns with more than 5.6 million of those completed online (89% of the total returns filed).

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