Primark Clothing Supplier Fined for Tax Evasion
Electric Vehicles to Be Subject to Vehicle Excise Duty from Next Year
Britain’s general election will be held on July 4th
Inflation Rate Falls to 2.3%
This is the first time it has reached such a low level since July 2021.
The National Bureau of Statistics stated that the main reason for this decline is the slowdown in the price increases of a range of items, including energy prices.
In response, Rishi Sunak said, “This is an important moment for the economy, as inflation has now returned to normal.”
Primark Clothing Supplier Fined for Tax Evasion
The factory established a complex network of shell companies to shift VAT liabilities and evade taxes without the knowledge of these brands.
An investigation following a surprise visit by HMRC found that the factory had evaded £1.3 million in VAT.
Ultimately, the two main culprits were sentenced to 3-5 years in prison, and an accomplice was sentenced to 2 years in prison and required to complete 300 hours of community service.
Electric Vehicles to Be Subject to Vehicle Excise Duty from Next Year
From 1st April 2025, newly registered electric vehicles and low-emission vehicles will need to pay £10 in their first year.
From the second year onwards, this will increase to the standard VED rate (currently £190).
If you are unsure whether your vehicle qualifies as low-emission, you can check using the GOV.UK website tool.
Britain’s general election will be held on July 4
Starmer said Britain had been waiting for this moment and said it was time to turn the page.
The outcome of the election will affect tax, pension, child care and other programs.