๐๐๐ค๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐๐ ๐๐ก๐ ๐๐ข๐ฆ๐ข๐ญ๐๐ ๐๐ข๐ง๐๐จ๐ฐ ๐๐จ ๐๐๐ฏ๐ ๐๐๐๐
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Entitlement to the state pension and certain contributory benefits depends on an individual having paid, or been credited with, sufficient National Insurance contributions. To qualify for the full single-tier state pension, an individual needs 35 qualifying years. A reduced state pension is paid where a person has less than 35 qualifying years, but at least
The trading allowance enables an individual to earn up to ยฃ1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from hiring out personal equipment without having to pay tax on that income or tell HMRC about it. You may also make use of it if, for example, you sell items
The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to VAT accounting periods beginning on or after 1 January 2023. Late filing penalties The new penalty regime operates on a points-based system. Each VAT return received late, including nil and repayment returns, will receive one
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