In 2018, the Department for Work and Pensions (DWP) announced it was scrapping the new Universal Credit (UC) benefit in England and Wales, and instead replacing it with a new benefit called "National Living Wage".The UC will now only be available to claimants earning under £30,000 a year, or £15,000 for those over this threshold.This will mean a substantial cut
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The government will freeze petrol and diesel duty until the end of the year until the government's tax reforms are implemented, according to a draft of a new tax plan released on Tuesday.The move will allow ministers to focus on the issues of public safety, health and the economy, the Treasury said in the draft."We know that many of our
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What is taxation?The word "tax" is a combination of the words "taxation" and "taxpayer".Taxes are imposed on individuals, businesses, and institutions to pay for public services.Taxes also apply to the goods and services of individuals.The term "firm" is used to describe a company, and the term "employee" is often used to refer to a person.A "fiduciary" is someone who is
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