Categories
Gaming

Tesla raises Model Y pricing following federal tax credit change

Tesla has quietly raised the price of its best-selling Model Y crossover. As of Saturday, the lists the Long Range and Performance models at $54,990 and $57,990, respectively. For the former, that represents a $2,000 increase from the all-time low it hit when Tesla in the middle of January. As for the Performance variant, it’s […]

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Finance

‘Knee-jerk’ reaction means more Britons hit by 55% ‘brutal’ tax

Recently, the Chancellor announced a raft of tax allowances would be frozen for another two years – up until 2028. This includes the Pension Lifetime Allowance (LTA), which puts a limit on how much a person can save into their pension while benefitting from tax relief across their lifetime. At present, the LTA is £1,073,100, which appears high, however, […]

Categories
Business

Biden administration expands EV tax credits in boost for Tesla,

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from […]

Categories
Finance

Inheritance tax warning as Britons fail to plan for 40% bill

“However, 60 percent of the remainder of the population have no plans in place at all. “This is concerning, given this backdrop.” Fortunately, Britons do not have to remain powerless about the situation and can take active steps to reduce their potential liability. One way by which to do so, Mr Stimpson highlighted, is by […]

Categories
Finance

Pensioners at risk of paying tax on retirement income

Many pensioners are already getting by on a limited income, but this could be squeezed further due to frozen personal allowances. In his Autumn Statement, Chancellor Jeremy Hunt announced a variety of tax allowances would be frozen for another two years – taking the freeze up to 2028. However, the decision to freeze personal allowances – the […]

Categories
Finance

Nadhim Zahawi saga exposes weak links in UK legal and tax systems

This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. To no one’s particular surprise, Nadhim Zahawi was sacked as Conservative party chair yesterday morning. The affair raises questions about Rishi Sunak’s judgment and, more importantly, about how […]

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Finance

Nadhim Zahawi sacked as Tory party chair over tax affairs

UK prime minister Rishi Sunak has sacked Nadhim Zahawi as chair of the Conservative party after his ethics adviser concluded there had been a “serious breach” of the ministerial code. Sunak finally jettisoned Zahawi after weeks of stories about his tax affairs, which have been politically damaging for the ruling party during a historic cost […]

Categories
Automotive

10 classic cars becoming tax and MOT exempt in 2023 – including

Ford Sierra Revealed to the world at the British International Motor Show in Birmingham, the Ford Sierra went on sale in October 1982. As the replacement for the renowned Ford Cortina, the Sierra had a lot to live up to. It was a tough sell at first, with many criticising the boxy but more aerodynamic […]

Categories
Finance

TV licence reform could mean licence fee is replaced with tax

What is your opinion on the licence fee? Share your thoughts in the comments section below. He continued: “The BBC has to catch up to exist in a subscription space – even if they start completely free. “There may be aspects of the BBC people could pay for in the future, if the licence fee […]

Categories
UK

Norway’s Temporary Tax Breaks To Bolster Oil Flows To Europe

The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on liquefied natural gas imports. Norway, the largest oil and gas producer in the region, has stepped up with a record-breaking sanctioning boom on the Norwegian Continental Shelf (NCS) that […]