Wosskow Brown News
The IR35 reforms that have come into effect in the private sector represent the most significant changes to employment tax for a long time. The changes, that came into force on 6th April 2021, will transform the way that contractors and other off-payroll workers in the private sector will pay tax and operate. What is…Continue reading
The news has dropped recently from the UK’s largest mortgage lender, that house prices are still rising. This brings the average property price in the UK to £270,027 according to the Halifax. The Nationwide however stated earlier in the week that average property prices was now £250,311. Whichever figure you look at, they both represent…Continue reading
The furlough measures, introduced by the government to help employers protect their employees by covering their employees’ wages during the difficulties of the pandemic, are set to end on 30th September 2021. Should Furlough Be Further Extended? In May 2021, over a million workers came off the scheme that was designed to help businesses stay…
Firstly, we’d like to thank all of our clients for helping us follow government guidelines over the last 12 months. We think that we can all agree, that restrictions have not made life easy, and we can’t wait for everything to return to normal. However, despite the easing of coronavirus safety restrictions on 19 July,…Continue reading
The ongoing saga in the leasehold sector has just seen another plot twist, and this time it’s good news for leaseholders. Leasehold – What Does It Mean? As a leaseholder, you own a lease that gives you the right to use the property how you wish, within the parameters set out in the lease. However,…Continue reading
On Wednesday 30th June, the Stamp Duty Land Tax holiday will start to phase out, with the threshold of £500,000 coming to an end. Buyers Rushing to Complete Transactions The Stamp Duty holiday has been saving people up to £15,000 on their housing purchases. The usual threshold is £125,000 but during the holiday, buyers have…
EU citizens who live in the UK have until the 30th of June 2021 to apply for the European Settlement Scheme (EUSS) to remain in the UK. However, after the deadline, immigration enforcement officials are going to be giving EU citizens living in the UK a 28-day warning to apply to remain. Settled Status Remember…Continue reading
The Covid-19 pandemic has resulted in some bad news for practicing solicitors, as the market for professional indemnity insurance has become the hardest it’s been for the past two decades since demutualisation in 2000. What is Professional Indemnity Insurance? Professional Indemnity Insurance (PII), is a policy in place to protect professionals, such as solicitors, against…Continue reading
The first three months of this year has seen a new record number of mortgage loans given to a certain group of people; home movers. Non-Stop Mortgage Loans Market Catalysed by Home Movers The market has seen somewhat of a U-turn in the past year, with the first lockdown causing a crash in the property…Continue reading
As of 31st May 2021, the Personal Injury industry has seen a massive shake-up, meaning that we (along with all other solicitors) will not be able to help people with smaller, low impact Road Traffic Accident (RTA) claims. Official Injury Claim The changes in the industry’s processes come as a new online portal, Official Injury…Continue reading