All the updated news related to surcharge

All the news related to surcharge updated in real time

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Scotland

Victims’ organisations urged to apply for surcharge fund cash

A scheme which pays out money from criminal fines is inviting applications from groups which help victims. Ministers have announced that the third round of the Victim Surcharge Fund is now open for bids. So far, since its launch in 2019, it has paid ...

07 Dec 2022 at 11:44

Bank surcharge slashed but ‘so-called cut’ means 1% tax rise for sector

Shares of Britain’s major banks have received a boost after the autumn budget confirmed it will slash its tax surcharge on the sector to 3% from 8%. Lloyds Banking Group and NatWest saw shares rise by about 1.5%, lifting them towards the top of the ...

17 Nov 2022 at 16:11

Scotland

£500,000 of cash from offenders to be used to help support crime victims

Cash from offenders will be used to provide “life-changing support” to victims of crime, some of whom are struggling as a result of the cost-of-living crisis, a charity has said. Victim Support Scotland (VSS) is one of seven groups who will share ...

22 Feb 2023 at 12:42

City

Bank taxes making UK a ‘less competitive’ financial hub, PwC says

The UK’s banking sector contributed more taxes to the Government in the last financial year as concerns over the UK’s future competitiveness grow, according to a new report. It comes as banks are bracing for new tax measures that could see a ...

28 Oct 2022 at 13:29

Migrant help charity warns of poverty and insecurity risk as health levy rises

A migrant help organisation has warned that thousands of people could fall “deeper into poverty and insecurity” as the healthcare levy is more than doubled from next month. The immigration health surcharge (IHS) will rise by 66% for those ...

30 Jan 2024 at 15:05

Scotland

Groups which help victims of crime to share £400,000 collected from offenders

Eight organisations which help victims of crime are sharing a fund worth more than £400,000 collected from court fines levied on offenders. The organisations benefitting from the £405,451 sum include Victim Support Scotland, Migrant Help ...

04 Jan 2024 at 10:24

Bank shares slide amid speculation of ‘ludicrous’ windfall taxes

Shares in the UK’s biggest lenders have slid amid reports that the Chancellor could target banks with higher taxes on their swelling profits. Upping windfall taxes on the banking sector would be “ludicrous” and further deter ...

19 Oct 2022 at 13:06

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