A Week In Review- Gilligan Sheppard

Welcome to this week’s review of tax issues where I comment on what’s been happening in the
world of tax over the past week. If you have a question or would like a second opinion on any national or
international tax issues, please contact me on my email.

Changes To Interest Rates

Well, clearly, we are now out of the deep dark forest and speeding down the road to recovery if one were to view the signals presented by the recently announced interest rate changes in that regard.
Effective from May 10th, the paying rate for UOMI will increase from the present 7% to 7.28%. However, while the Government is prepared to TAKE more from your pockets, they are certainly not being as generous in return, with their pay-out rate remaining at 0%.


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