Weekly News:
- Some UK Households to Receive Up to £100 in Subsidies in July
- Scotland Guarantees No Tourist Tax Until 2026
- UK Diesel Prices Lead in Europe
- VAT and Other Tax Issues Become Election Hot Topics
Some UK Households to Receive Up to £100 in allowance in July
Leeds City Council plans to allocate £7.09 million to support local households.
65,000 households in Leeds that apply for allowance will receive payments from the council in July.
Households without children will receive a £25 subsidy, while those with children will receive £100.
Scotland Guarantees No Tourist Tax Until 2026
Earlier, Scotland voted and passed parliamentary legislation allowing Edinburgh to levy a tourist tax.
However, this new legislation, which will impose a charge on overnight visitors, will not be implemented until 2026.
A public survey initiated by the city council indicates that people generally favour a tax rate of around 5%.
The funds will be used for local infrastructure development, city services, and festival activities.
UK Diesel Prices Lead in Europe
Currently, the average price of diesel in the UK is 155 pence per litre, and the average price of unleaded petrol is 149 pence per litre.
This is following the government’s 5 pence reduction in motor fuel duty in 2022.
According to the RAC, the profit margins of UK retailers are above average.
In other European countries, such as Italy, fuel taxes are the same as in the UK, but diesel prices are lower.
VAT and Other Tax Issues Become Election Hot Topics
This week, the UK Parliament officially dissolved, marking the start of a five-week election campaign.
All parties will present policy proposals and campaign to win the general election.
VAT, National Insurance, and the Digital Services Tax are among the most discussed topics between the parties.
Many parties have already confirmed that if they win the election, they will not increase VAT, ensuring it remains at the current level.
