Further to the announcement that all policies will be back in the second 2017 Finance Bill , the government has published explanatory notes (albeit brief) on each of the Finance Bill resolutions.
The notes include confirmation that the Finance Bill (No. 2) is authorised to make provision for:
Taxable benefits( time limit for making good and ultra-low emission vehicles) Employer-provided pensions advice Income tax treatment of certain legal expenses etc Termination payments etc PAYE settlement agreements Pensions: money purchase annual allowance
Ministers have confirmed that the Finance Bill (No. 2) 2017 will be introduced as soon as possible after the summer recess. This will legislate for all policies that were included in the pre-election Finance Bill (and those originally announced to start from April 2017 will be effective from that date).
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Rip-off card charges to be outlawed from January 2018 24 July 2017
Rip-off card charges will be consigned to history, after Ministers act to end these unfair fees for millions of people across the country.
The government is unveiling new rules that will mean card-charging in Britain - where people can be charged 20% extra for purchases like a flight just for paying with a credit card - will come to an end from 13 January 2018.
‘Surcharging’ is common practice across the country - with businesses ranging from takeaway apps to global airlines charging people to make card payments or for other services such as Paypal. While many industries have acted to absorb the cost and not pass these on to consumers, these rules will bring an end to the practice entirely.
The rules will also tackle surcharging by local councils and government agencies.
In 2010, the total value of surcharges for debit and credit cards was an estimated £473 million.
Read the consultation outcome, ‘ Implementation of the revised EU Payment Services Directive (PSDII) ’
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New plastic £10 note featuring Jane Austen unveiled 25 July 2017
The new polymer £10 note has been unveiled by Bank of England governor Mark Carney.
The note, which follows the polymer £5, will be issued on 14 September 2017 and has a portrait of Jane Austen on the 200th anniversary of the author's death. It is also the first Bank of England note to include a tactile feature to help visually impaired people.
Come spring 2018 old £10 notes will gradually be removed from circulation.
Full details of the design and security features are available along with free training materials for retailers and businesses . Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They will provide enhanced counterfeit resilience, and increase the quality of banknotes in circulation
The new polymer £20 note will be issued in 2020.
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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