Duties and taxes are both types of tariffs assessed on the import of a product and are important sources of revenue and economic protection tools for the country of import. Depending on the country of import, taxes are usually called a Valued Added Tax or a Goods and Services Tax and are...
The UK can lie low Economists say Britain should not expect any special treatment when a new Trump administration comes into force, but they note it's unlikely the U.K would be a prime target for punitive policies, such as import tariffs, that could be levied on the European Union an...
Is Trump is serious about 20% import tariffs? Could King Charles smooth relations? What could hurt US-UK relations under Mr Trump are previous comments members of Sir Keir Starmer's top team have made about him. In 2018, now the UK's most senior diplomat, David Lam...
Tariffs are generally introduced as a means of restricting trade from particular countries or reducing the importation of specific types of goods and services. For example, to discourage the purchase of Italian leather handbags, the U.S. government could introduce a tariff of 50% that drives the...
If your unpaid back taxes start to pile up – generally once you owe the IRS $10,000 or more – and if you own or are paying down a mortgage on property, the federal government could put a lien on your property. “A tax lien is a legal claim against your assets, includin...
What are roaming charges? There are a couple of roaming charges to look out for when travelling. You can be charged either a daily rate for using your phone abroad or a charge per MB of mobile data used outside of the UK. In some cases, you can be charged both, as higher roaming...
Building an investment portfolio may require personalization and finesse, but it can also be ultra-simple.
Different types of broadband in the UK explained What are the cheapest full fibre deals? Full fibre deals used to be a bit more expensive than superfast fibre deals, but many are now a similar, and sometimes cheaper, price. But it usually depends on which provider you’re looking at. Chec...
Some mobile phone tariffs and train tickets are linked to the RPI figure, too. On the other hand, government spending tends to be linked to the lower CPI figure. This includes the state pension, universal credit and jobseekers’ allowance. How is CPI used? As mentioned above, the ...
If you receive a 1099-K and it includes a personal payment, the IRS recommends you contact the issuer and request they correct it. The issuer’s name and phone number are located in the upper left corner of the form. If the issuer doesn’t fix it in time, the IRS says to include ...