Business

British expats living in France claim they have been hit with five-figure tax bills on their public sector pensions despite longstanding laws which should shield them from French taxes. Those who say they are affected are retired public servants in receipt of UK Government pensions, including teachers and police officers.These pensions should only be taxable in Britain and shouldn't be subject to French income tax and social charges under the UK-France Double Taxation Convention (DTC), which came into effect in 2010. A tax credit cancels out any liability in France, where they still have to be declared, according to the news outlet, The Connexion.British retirees who receive a state pension can apply to the NHS for an S1 form. This entitles them to state healthcare in France, which is p...

Cracker Barrel CEO Julie Felss Masino was spotted in Tennessee but declined to answer FOX News Digital's questions about the company’s short-lived logo change. (Credit: Fox News Digital / Zak Bennett) Cracker Barrel CEO Julie Felss Masino was spotted throughout the day on Thursday in Tennessee, marking the first time the executive has been pictured in public since the restaurant chain’s controversial logo change sparked widespread backlash. The Cracker Barrel chief executive was seen leaving her home in the affluent, suburban Nashville neighborhood of Green Hills on Thursday morning. Green Hills is located a little more than 30 miles west of Cracker Barrel's headquarters in Lebanon, Tennessee. Photos show Masino driving a gray Mercedes-Benz – trailed by a security guard in a separa...

The Department for Work and Pensions (DWP) has revealed the number of face-to-face Personal Independence Payment (PIP) consultations being audio recorded by third-party assessment providers, including Capita, Serco, Maximus and Ingeus, in response to a recent freedom of information (FOI) request.PIP is currently worth up to £737 a month for those who qualify for both the enhanced daily living and mobility components. PIP is money for people who have difficulty with daily living or getting around because of a long-term health condition or disability. It is not means-tested. This means it does not matter how much money you earn or have saved , reports the Daily Record.Certain benefits require you to undergo a health assessment. These include:PIP - England and Wales (if the assessor needs ...

Show directors with Universal Orlando Resort told FOX Business how they got into the business of building haunted houses — and what it takes to create Halloween-themed events. Universal Orlando is kicking off its spooky season nine weeks ahead of Halloween. Halloween Horror Nights 34 launches August 29 and runs through November 2, offering guests 48 select nights to experience the terror of 10 haunted houses, four scare zones, live shows and more.Some of the most-anticipated haunted houses are "Five Nights at Freddy's," "Fallout," "Jason Universe" and "WWE Presents: The Horrors of The Wyatt Sicks." "The journey begins beneath the surface in Vault 33, where guests follow vault-dweller Lucy MacLean as she escapes a bloody massacre, only to discover an evil hidden secret," Universal O...

Nationwide Building Society has issued an update on a new feature being added to the app. The group's banking app is used by more than six million members, allowing customers to make payments and check their statements.A recent app update added dark mode to the app, meaning if your phone has dark mode turned on, the colour scheme on the app will change to reflect this. However, some customers have had issues using the new feature. One customer said when they had dark mode on, the app screen was too dark for them to see. Nationwide told the customer that a new feature would soon be added in the banking app menu, allowing you to toggle dark mode on and off for the app, independently of your device setting. The provider was asked for an update on the rollout of this new function.A spokespe...

HMRC has explained the rules around tax codes and pointed to a helpline that some people need to call. The group provided an update after a question from a taxpayer. The person said the tax code on their pay slip was BR while "on your system" it was showing as 1112LX.They asked the authority what could be the reason for the two different codes. HMRC suggested why this may have happened, saying: "It looks like your employer hasn't received the code we've sent."It's worth checking you are on the right tax code if you are on 'BR' as this means all of your income is being taxed at the basic rate of 20 percent of income tax.There is a standard personal allowance that means you can earn up to £12,570 a year without paying income tax, so it's worth making sure the allowance is being applied to...

Check out what's clicking on FoxBusiness.com. Millions of electric motors used in gable- and roof-mounted attic fans have been recalled after reports of burning or fire, according to a notice posted by the U.S. Consumer Product Safety Commission (CPSC) on Thursday. The CPSC said around 2.9 million electric motors distributed by Air Vent are included in the recall.The impacted motors were sold online and nationwide at various stores, including ABC Supply, Lowe's and Beacon, from August 2003 through December 2013. The price ranged from $74 to $92. HAIR DRYERS SOLD ONLINE THROUGH WALMART, TARGET, AMAZON RECALLED OVER POTENTIAL ELECTROCUTION RISK A sample of a gable-mounted attic fan with the recalled electric motor distributed by Air Vent. (U.S. Consumer Product Safety Commission...

A prominent economist has called for the state pension age to increase to 75, following warnings that the triple lock is spiralling out of control. Work and Pensions Secretary Liz Kendall is currently conducting a state pension review, which Rachel Reeves acknowledged would assess the eligibility age.The Institute for Fiscal Studies (IFS) warned that without a triple lock reform, state retirement age could rise to 69 by 2049, and to 74 by 2069, due to mounting financial pressure. Now, Tom McPhail, who presents the Pensions Monkey podcast, has argued that workers should live off their own savings until age 75, and then be able to access the state pension.So what do you think? Should the state pension be taken away from people younger than 75?Vote in our poll below...Can't see the above p...

HMRC has clarified the rules around ISAs while admitting that sometimes there's only so much it can do to help. A person contacted the tax authority about a maturing SAYE scheme. SAYE (Save As You Earn) is a scheme where you can buy shares with your savings for a fixed price, with the potential to save up to £500 a month.The taxpayer wanted to know if the amount they could transfer out of their SAYE scheme was limited to £20,000 a year. They also wanted to know if there was an option to sell the shares once transferred over, as with a flexible ISA, so they could withdraw the cash and then reset their ISA allowance, with the potential to transfer another £20,000 from SAYE into an ISA.In response, HMRC directed them to an advice page on the Government website with information about the SA...

Former Reagan economist Art Laffer analyzes President Donald Trump’s decision to take a 10% stake in Intel on ‘Kudlow.’ While congressional Republicans wrestled with President Donald Trump’s deal with a major chip manufacturer, Republican leadership in the House and Senate have remained quiet. The White House championed a recent deal to acquire a stake in the American chipmaker Intel, arguing that it was a move to bolster the country’s mission to break free of imports of crucial components in a variety of technologies.But Republicans in the House and Senate struggled with the news, particularly over the Trump administration’s involvement, and ownership stake, in a private company. REPUBLICANS CLASH OVER TRUMP'S INTEL STAKE, WITH SOME CALLING IT 'A STEP TOWARD SOCIALISM' Both S...