News & Events | WDM - Part 9

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Two freeports planned for Scotland April 1, 2022

A partnership agreement to establish two green freeports in Scotland has been reached between Scottish and UK ministers, with plans to come online in 2023. The locations for the freeports have not yet been decided and there will be an application process with a view to setting up the freeports in 2023. Applicants in Scotland
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Help to Buy scheme pays out £674 million to house buyers April 1, 2022

The government’s Help to Buy scheme has provided £674 million in funding for 604,720 house purchases, according to data from the Office for National Statistics (ONS). The scheme was launched in 2013 with the introduction of Help to Buy equity loans. Two years later, Help to Buy ISAs were launched and they have since helped
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Spring Statement is the time to act, says CBI April 1, 2022

The Chancellor must act at the Spring Statement or risk the UK economy drifting backwards to low growth, warns the Confederation of British Industry (CBI). The CBI has set out a range of policies aimed at sparking growth via business investment. These include a permanent investment incentive to replace the super-deduction. The business group says
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Almost 100,000 taxpayers using HMRC’s Time to Pay April 1, 2022

Almost 100,000 self assessment customers have used online payment plans to spread the cost of their tax bill into monthly instalments since last April, HMRC has said. Since April 2021, self assessment customers have used the online Time to Pay service to pay more than £310 million worth of tax in instalments. Once a customer
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HMRC reminds married couples to utilise Marriage Allowance April 1, 2022

HMRC has reminded married couples and people in civil partnerships to sign up for the Marriage Allowance to help reduce their tax bill. The Allowance permits eligible couples to share their personal allowances if one partner earns an income under the personal allowance threshold of £12,570 and the other is a basic rate taxpayer. Couples
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