Digital Markets, Competition and Consumers Act Receives Assent Launched to Protect Online Shoppers Following Royal Assent, the Digital Markets, Competition and Consumers Act (DMCCA) has officially become law in the United Kingdom. This legislation introduces significant reforms to the UK’s competition and consumer protection laws, marking the most substantial overhaul in a decade. The new Act…
Details£2 Billion Investment in the Tech Sector in the United Kingdom in a Single Week In an extraordinary week for the United Kingdom, over £2 billion has been invested by world-leading companies in the tech sector. The Chancellor has hailed this as a testament to the nation’s robust economic conditions and attractive investment opportunities. Leading…
DetailsThe UK and Saudi Arabia on Research Links Pact On 4th of March 2024, Andrew Griffith, Science Minister of the UK Government and His Excellency (HE) Abdullah Alswaha, Chairman of the Board of Directors of the Research Development and Innovation Authority, and Saudi Arabia’s Minister of Communications and Information Technology signed on Memorandum of Understanding…
DetailsSmall Business VAT Threshold Increase and Rates Freeze to Boost the UK Economy Small businesses have received a significant boost with the VAT registration threshold raised from £85,000 to £90,000, and a £4.3 billion business rates relief package coming into effect. This measure, coupled with freezing the small business rates multiplier for the fourth consecutive…
Details29 Million Workers Receive Largest Ever Tax Cut to National Insurance in the United Kingdom The United Kingdom government is implementing the most significant tax cut in national insurance contributions (NICs) in history. The program is set to give £900 boost to the annual income of a typical worker. Since the autumn of 2023, NICs…
DetailsUK’s Pursuit of a Free Trade Agreement with India Negotiators from India and the UK are preparing for another round of upcoming talks to address the differences in their proposed Free Trade Agreement (FTA). Key issues such as tariffs on automobiles, medical devices, and the movement of professionals will be discussed — according to an…
DetailsLower Borrowing – Possible Tax Cuts As the UK government borrowed much less than expected in December last year, experts are speculating about the possibility of a tax reduction in the budget. The Office for National Statistics (ONS) reports that by the end of 2023, borrowing had decreased to £7.8 billion; the decrease in inflation…
DetailsWhat You Have To Know About the United Kingdom Visitor Visa The UK government has broadened the list of activities allowed as of January 31, 2024, to increase commerce and tourism using the UK visitor visa. Expanding immigration rules would enable visitors to carry out more business-related tasks without needing a work visa while regular…
DetailsPublic Holidays in Northern Ireland for 2024 The Department for Work and Pensions has released the dates of the upcoming 2024 public holidays happening in Northern Ireland. These dates may be modified if official changes are announced. Dates of Northern Ireland Public Holiday 2024 In 2024, there will be 11 public holiday dates and…
DetailsPublic Holidays in Scotland for 2024 The Department for Work and Pensions has released the dates of the upcoming 2024 public holidays happening in Scotland. These dates may be modified if official changes are announced. Dates of Scotland Public Holiday 2024 In 2024, there will be 10 public holiday dates and 53 weeks in…
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