UK tax cuts expected

UK tax cuts expected

LEGITIMATE ways to REDUCE your UK TAX bill in 2020 – How to pay less tax every year

Description video:
LEGITIMATE ways to REDUCE your UK TAX bill in 2020 – How to pay less tax every year\n\nPaying taxes is one of those things we cannot avoid in the UK – HOWEVER we can be smarter and use tax allowances in different areas to minimise our amounts paid every year. This can be from putting money into your pension to many others you might not have thought about – I hope you enjoy this video!\n\nIf you would like to BUY ME A TEA instead (one off support) – https://www.buymeacoffee.com/Mamafurfur\nand you might even have your name mentioned on one of my upcoming videos!\n\n👉Links to Investment Platforms I use \u0026 Affiliate links:\nInvest using Etoro – https://mamafurfur.com/etoro\nInvest using Trading212 – https://mamafurfur.com/trading212 (and watch my video to receive a FREE SHARE with £1 invested)\nhttps://youtu.be/6rpzihv2y5Q\n\n****************\nIf you enjoy this video, HERE IS MY MONEY BASICS that I teach:\n\nHOW TO START A MONEY STACKS METHOD BUDGET – Achieve Financial freedom, goals, Savings \u0026 Investments\nhttps://youtu.be/rKeMMwKxKjg\n\n5 MINUTE FINANCES\nhttps://youtu.be/hHP8fSCV0tU\n\n💵How to Open an Investment ISA (Stocks and Shares ISA) \nhttps://youtu.be/XWXL1WALUjQ\n\nIntro to Investing \n➡️https://youtu.be/jqIoPZbvyBw\n****************\nMy products you might love:\nAutoPilot Money System for all your budget, financial freedom calculations, debt repayment system, Net worth calculator, Sinking funds and Investment Tracker\nhttp://bit.ly/goalsspreadsheet\n\nMY BOOK – The Master Money Blueprint available on Paperback and Kindle – https://amzn.to/2IThc9w\n\nLearn to Invest with my \”Investing Made Simple – Learn to Invest in 72 hours\” online course – click here for more info – https://mamafurfur.com/investing\n\nThe only step by step course that shows you how to design a Budget that allows for financial freedom and also creating the life you want. Check out my \nBUDGET SUCCESS BOOTCAMP Mini-Course here // http://bit.ly/BudgetSuccessBootcamp\n****************\nEquipment I use for my videos:\nCamera – https://amzn.to/2ZqMRYx\nMicrophone – https://amzn.to/2MwFkk0\nLaptop – https://amzn.to/2MwEHHa running Final Cut Pro X\nSome of video edits provided by: https://ytediting.spp.io/r/0GVZ76\n\nYou can find our FAMILY VLOG CHANNEL AT:\nhttps://www.youtube.com/channel/UCBeYadR4CH7a_UCaCHDAJcw\n\n****************\nWhere else to find me:\nBlog: http://www.mamafurfur.com \nInstagram: https://www.instagram.com/mamafurfur/ \nFacebook: http://www.facebook.com/mamafurfur \nPinterest : https://www.pinterest.co.uk/mamafurfur\n\nTAGS : #economiccrash2020 #investing #money

UK tax cuts expectedUK tax cuts expected

The UK financial sector last year paid £ 75.6bn ($ 104.08bn) in taxes, but similar revenues are projected to drop markedly in 2021 as unlimited access to EU resources ends and the pandemic continues to rage on the territory of Foggy Albion.

City of London said its tax contribution until March 2020 remained largely unchanged from the previous period, despite uncertainty over the future of UK-EU relations.

«It is difficult to rely on the usual amount of tax deductions due to the fact that the future is still in a fog. We still cannot determine the long-term consequences of the pandemic, Brexit and the massive shift to remote work», – said Katherine McGuinness from City of London.

Revenues are expected to decline in the current fiscal year, which ends in March, sagging from £ 75.7bn to £ 71.1bn, PwC consultants calculated in their report..

«Moving to new UK-EU trade agreements will put further pressure on financial services recovery», – says the report.

UK trade deal with the eurozone from January 1 does not extend to financial services, and London is likely to gain limited access to the EU for the foreseeable future.

The export of financial services to the EU in recent years amounted to about 26 billion pounds sterling annually, but part of this segment has already moved to the EU countries, not wanting to lose access to the European market.