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A commonly cited example is that luncheon vouchers are subject to an income tax concession of up to 15p per day under an extra statutory concession. Although they do not form part of either primary or subsidiary legislation , extra-statutory concessions are highly formalised, and are indirectly enforceable by means of judicial review .
From 1997 to 2022, no further windfall taxes were levied in the UK. However, calls were made for new ones. The Financial Times reported in January 2008 that the government was considering ways of maximising returns to the treasury from the sale of the troubled Northern Rock bank, which could include a windfall tax or the government taking an equity stake. [4]
The White Company was established in 1994 as a mail order business selling items through a 12-page catalogue which has grown into a multi-channel, international business.. Started up with a small government grant and £6,000 inheritance, it originally had a 500 people mailing li
The 16-17 Saver was introduced in 2019 [3] in order to allow people aged 16 and 17 to access child fares, which are normally only available to children under 16. [4] The railcard costs £30.00 for a year (or until the holder's 18th birthday, whichever is sooner), [5] and offers up to 50% off rail fares, the same as child rate tickets.
1. Tax deduction - Tax deduction is a reduction of gross income. That in result reduce the size of taxable income. Tax deductions are a form of tax incentives. [6] The UK government's budget in March 2021 created a "super-deduction", whereby companies could claim 130% capital allowances on certain types of plant and machinery investment.
The Eady Levy was a tax on box-office receipts in the United Kingdom, intended to support the British film industry. It was introduced in 1950 as a voluntary levy as part of the Eady plan, named after Sir Wilfred Eady, a Treasury official. The levy, paid into the British Film Production Fund, was made compulsory in 1957 and terminated in 1985.
J. Lyons and Co., Greenford was a major food production factory located in Greenford, west London.Developed post World War I by J. Lyons and Co., it covered 63 acres (25 ha) at its height, and produced tea, coffee, grocery products and Lyons Maid ice cream.
The Meat and Livestock Commission (MLC) was set up by the UK Government under the Agriculture Act 1967 with government money with the remit to promote the sale of red meat. The MLC was previously an independent non-departmental public body, but from 1 April 2008 it was superseded by the Agriculture and Horticulture Development Board. [1]
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