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March 2010 United Kingdom Budget
The March 2010 United Kingdom Budget, official known as Budget 2010: Securing the recovery, was delivered by Alistair Darling, Chancellor of the Exchequer, to the House of Commons on 24 March 2010. The budget speech outlined the Labour Government's fiscal policies prior to the expected 2010 general election, which had to be called before July. The Budget's main headlines included: *A one-off "Bank Payroll Tax" on bankers bonus payments, projected to be worth £2bn *£11bn of savings across Government and a further £5bn savings from targeted spending *Introduce a new right to open a basic bank account *Above-inflation increases to alcohol and tobacco duties, with a pledge to redefine strong ciders in September 2010 *To reduce a previously announced fuel duty increase in April 2010, and introduce small increases at intervals *Temporary increase in small business rate relief *Threshold for stamp duty raised from £125,000 to £250,000 for first-time buyers for two years, and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of MPs Elected In The 2005 United Kingdom General Election
This is a list of Members of Parliament (MPs) elected to the House of Commons at the 2005 general election, held on 5 May. The list is arranged by constituency. New MPs elected since the general election and changes in party allegiance are noted at the bottom of the page. During the 2005–2010 Parliament, Michael Martin and John Bercow served as Speaker of the Commons, Lady Hayman served as Lord Speaker, Tony Blair and Gordon Brown served as Prime Minister, and Michael Howard and David Cameron served as Leader of the Opposition. This Parliament was dissolved on 12 April 2010. Composition of the 2005–2010 UK Parliament These representative diagrams show the composition of the parties in Parliament. The first show the composition immediately after the 2005 general election, and the second shows the composition before the 2010 general election. Note: The Scottish National Party and Plaid Cymru sit together as a party group, while Sinn Féin has not taken its seats. This is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First-time Buyer
A first-time buyer (FTB) is a term used in the British, Irish, Canada property markets, and in other countries, for a potential house buyer who has not previously owned a property. A first-time buyer is usually desirable to a seller as they do not have to sell a property, and as such will not involve a housing chain. There are many factors a first-time buyer may need to consider before purchasing their first property; how much initial cash they will need for stamp duty and any solicitors fees, and if they need to arrange a mortgage how much are they able to afford. In many countries such as United Kingdom, Canada and Australia home ownership is seen as a natural step in the life cycle and the natural form of property tenure. Canada and Australia have some of the most ownership rate in word (all above 65%) home ownership. Ireland has one of the highest proportions of owner-occupiers in the EU at around 80%. In the UK in the 1980s almost half of all mortgages were taken out by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Budgets
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010 In The United Kingdom
Events from the year 2010 in the United Kingdom Incumbents *Monarch – Elizabeth II *Prime Minister **Gordon Brown (Labour) (until 11 May) ** David Cameron (Coalition) (starting 11 May) * Deputy Prime Minister – Nick Clegg (Coalition) (starting 11 May) *Parliament ** 54th (until 12 April) ** 55th (starting 25 May) Events January *3 January – Prime Minister Gordon Brown announces that full body scanners will be introduced at UK airports following the failed attack on Northwest Airlines Flight 253 on 25 December 2009. *5 January – The country is once again deluged by heavy snowfall as it endures its worst cold spell since the winter of 1981–82. *10 January – The '' Sunday Mirror'' defence correspondent Rupert Hamer is killed in an explosion in Afghanistan, the Ministry of Defence confirms. *12 January – Alastair Campbell, former government advisor, is interviewed by the Chilcot Inquiry, and said he is prepared to defend "every word" of the September 2002 do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dissolution Of The Parliament Of The United Kingdom
The Parliament of the United Kingdom is dissolved automatically five years after the day on which it first met or earlier by the Sovereign by royal proclamation made by virtue of the royal prerogative. The prerogative power to dissolve Parliament was revived by the Dissolution and Calling of Parliament Act 2022, which also repealed Fixed-term Parliaments Act 2011. By virtue of amendments made by the Dissolution and Calling of Parliament Act to Schedule 1 to the Representation of the People Act 1983, the dissolution of Parliament automatically triggers a general election for the next Parliament. Members of Parliament cease to be so, as soon as it is dissolved, and they may not enter the Palace of Westminster, although they and their staff continue to be paid until polling day. Parliament is usually prorogued or adjourned before it is dissolved. Parliament may continue to sit for a wash-up period of a few days after the prime minister has announced the date when Parliament will be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartered Institute Of Taxation
The Chartered Institute of Taxation (CIOT) is a registered charity (number 1037771) and the leading professional body in the United Kingdom concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation. Activities and membership The primary purpose of the CIOT is to promote education in and the study of the administration and practice of taxation. One of its key aims is to achieve a better, more efficient, tax system for all affected by it – taxpayers, advisers and the authorities. The CIOT's comments and recommendations on tax issues are made solely in order to achieve its aims: it is entirely apolitical in its work. The CIOT administers and awards two qualifications: the CTA (Chartered Tax Adviser) qualification for domestic tax practitioners in the United Kingdom, and ADIT (the Advanced Diploma in International Taxation) for international tax professionals around the world. Membership is awarded on passing the Institute's CTA examinations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Act 2010
The Finance Act 2010 is an Act of the Parliament of the United Kingdom enacting the March 2010 United Kingdom Budget. The ''Chancellor of the Exchequer'' delivers the annual budget speech outlining changes in spending, tax, duty and other financial matters. However, in 2010 there was a second budget in June. The respective year's Finance Act is the mechanism to enact the changes. Levels of Excise Duties, Value Added Tax, Income Tax, Corporation Tax and Capital Gains Tax) are often modified. The rules governing the various taxation methods are contained within the relevant taxation acts. (For instance Capital Gains Tax Legislation is contained within Taxation of Chargeable Gains Act 1992). The Finance Act details amendments to be made to each one of these Acts. Provisions Charitable tax benefits (for example Gift Aid) were extended to charities A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Video Game
Video games, also known as computer games, are electronic games that involves interaction with a user interface or input device such as a joystick, controller, keyboard, or motion sensing device to generate visual feedback. This feedback mostly commonly is shown on a video display device, such as a TV set, monitor, touchscreen, or virtual reality headset. Some computer games do not always depend on a graphics display, for example text adventure games and computer chess can be played through teletype printers. Video games are often augmented with audio feedback delivered through speakers or headphones, and sometimes with other types of feedback, including haptic technology. Video games are defined based on their platform, which include arcade video games, console games, and personal computer (PC) games. More recently, the industry has expanded onto mobile gaming through smartphones and tablet computers, virtual and augmented reality systems, and remote c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Break
Tax break also known as tax preferences, tax concession, and tax relief, are a method of reduction to the tax liability of taxpayers. Government usually applies them to stimulate the economy and increase the solvency of the population. By this fiscal policy act, government favourable behaving of population sample or general behaving. By announcing a new tax break state budget possibly deprecate some of their revenues from collecting taxes. On the other hand, a new tax break stimulates the economy of subjects in the state, which could possibly strengthen the increase of outcomes that will be taxed. Every tax break must go through the Legislative system to be accepted by authorized institutions to become valid. Most of the countries pledge this position to the Ministry of finance, which approves new tax breaks as tax law. Whether for validation is needed an agreement with other constitutional officials depends on state legislative. However, in the same manner, could the tax break be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Individual Savings Account
An individual savings account (ISA; ) is a class of retail investment arrangement available to residents of the United Kingdom. First introduced in 1999, the accounts have favourable tax status. Payments into the account are made from after-tax income, then the account is exempt from income tax and capital gains tax on the investment returns, and no tax is payable on money withdrawn from the scheme. Cash and a broad range of investments can be held within the arrangement, and there is no restriction on when or how much money can be withdrawn. Since 2017, there have been four types of account: cash ISA, stocks & shares ISA, innovative finance ISA (IFISA) and lifetime ISA (LISA). Each taxpayer has an annual investment limit (£20,000 since ) which can be split among the four types as desired. Additionally, children under 18 may hold a junior ISA, with a different annual limit. Until the lifetime ISA was introduced in 2017, ISAs were not a specific retirement investment, but any type ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stamp Duty In The United Kingdom
Stamp duty in the United Kingdom is a form of tax charged on legal instruments (written documents), and historically required a physical stamp to be attached to or impressed upon the document in question. The more modern versions of the tax no longer require a physical stamp. History of UK stamp duties Stamp duty was first introduced in England on 28 June 1694, during the reign of William III and Mary II, under "An act for granting to their Majesties several duties upon vellum, parchment and paper, for four years, towards carrying on the war against France". Dagnall, H. (1994) ''Creating a Good Impression: three hundred years of The Stamp Office and stamp duties.'' London: HMSO, p. 3. In the 1702/03 financial year 3,932,933 stamps were embossed in England for a total value of £91,206.10s.4d. Stamp duty was so successful that it continues to this day through a series of Stamp Acts. Similar duties have been levied in the Netherlands, France and elsewhere. During the 18th a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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