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Home » News & Insights » Information Snippets

Information Snippets

Posted on 28th May 2019

  • The way income tax is set in Wales will change at the beginning of April, with the Welsh government setting Welsh Rates of Income Tax (WRIT), but not enough people know about it, according to a report from the National Assembly’s Finance Committee

• The Financial Conduct Authority (FCA) has fined Goldman Sachs International (GSI) £34.3m for failing to provide accurate and timely reporting relating to 220.2m transaction reports over a ten-year period

• NIC Rates Rate 2018-19 Threshold 2019-20 Threshold
12% £8,424 to £46,384 £8,632 to £50,000
2% Over £46,384 Over £50,000

Theresa May stands down as PM on June 7th – who’s next?

• These currently are declared:

Matt Hancock, health secretary
Jeremy Hunt, foreign secretary
Boris Johnson, backbencher
Andrea Leadsom, former leader of the House of Commons
Esther McVey, backbencher
Dominic Raab, backbencher
Rory Stewart, international development secretary

• And these are “tipped” to enter the race

Michael Gove, environment secretary
Sir Graham Brady, backbencher
Sajid Javid, home secretary
Penny Mordaunt, defence secretary
Priti Patel, backbencher
Liz Truss, chief secretary to the Treasury

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Filed Under: Exclusive News Tagged With: FCA, Income Tax, NIC

Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

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