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Virgin Media Price Increase in Contract: What You Need to Know

Recently, Virgin Media announced that they will be increasing their prices for broadband, TV, and phone services from March 2021. This news has caused concern among customers who are worried about how this increase will affect them. In this article, we will discuss all you need to know about the Virgin Media price increase in contract.

Why is there a price increase?

Virgin Media stated that the price increase was necessary to fund investment in their network and services to improve their quality. This investment includes expanding their network, improving their customer service, and enhancing their TV and broadband products.

What is the impact of the price increase?

The price increase will affect Virgin Media customers with contracts that began on or after March 29, 2020. This means that if you signed up for a contract after this date, you will be affected by the increase. Customers who signed up for contracts before this date will not be affected by the price increase.

The price increase will range from £2.50 to £4.50 per month, depending on the package and services that you subscribe to. You can visit the Virgin Media website to see how this price increase will affect your specific package.

What can you do about it?

If you are not satisfied with the price increase, there are a few things that you can do. Firstly, you can contact Virgin Media to discuss your options. Virgin Media may be willing to offer you a discount or alternative package that better suits your needs and budget.

Alternatively, you can choose to leave Virgin Media and switch to another provider. If you decide to do this, you will need to check if you are still within your contract period and if there are any penalties for leaving early. You can compare broadband providers and prices using online comparison websites.

What should you consider when choosing an alternative provider?

When considering switching to a different provider, you should consider the following factors:

1. Price: Compare the prices of different providers and packages to make sure you are getting the best deal.

2. Speed: Check if the provider offers the speed you need for your internet usage.

3. Data usage: Check if there are any data caps or limits on your usage.

4. Contract length: Check if there are any long-term contracts, and if you are able to cancel or switch providers at any time without penalty.

In conclusion, the Virgin Media price increase in contract may cause concern for some customers. However, there are options available, including discussing your options with Virgin Media and switching to another provider if necessary. When choosing an alternative provider, make sure you consider factors such as price, speed, data usage, and contract length to ensure you get the best deal.

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Double Taxation Agreement UK Switzerland: What You Need to Know

If you are a business owner or entrepreneur who operates in both the UK and Switzerland or plans to do so, then it is essential to have a clear understanding of the Double Taxation Agreement (DTA) that exists between these two countries.

The DTA ensures that businesses and individuals do not pay taxes on the same income twice in both countries. In other words, it prevents double taxation, which can be a significant hurdle for businesses operating in multiple countries.

In this article, we will take a closer look at the details of the DTA between the UK and Switzerland and what it means for businesses and individuals.

What is the Double Taxation Agreement?

A Double Taxation Agreement is an agreement between two countries to prevent individuals and businesses from being taxed twice on the same income. The agreement outlines the rules for tax payments and ensures that taxpayers are not taxed by both countries in the same financial year.

The DTA also determines the method for resolving any disputes that may arise between the two countries in regards to taxes.

The Double Taxation Agreement between the UK and Switzerland was signed on 8 September 1977 and has been amended several times since then.

How does it work?

The DTA between the UK and Switzerland states that residents of one country who earn income in the other country are subject to taxes in both countries. However, the agreement ensures that they are not taxed twice on the same income.

To avoid double taxation, the agreement sets out the following rules:

1. Income from employment

If an individual is employed in one country but earns income in the other, the income tax will be paid in the country where the work is done. However, the individual’s home country will also tax the income, but they can claim credit for the tax paid in the other country.

2. Dividends

If a company in one country pays dividends to a company in the other country, the dividend will be taxed in both countries. However, the tax paid in the country where the dividend is paid can be claimed as a credit against the tax due in the other country.

3. Royalties

If a company in one country pays royalties to a company in the other country, the royalty will be taxed in both countries. However, the tax paid in the country where the royalty is paid can be claimed as a credit against the tax due in the other country.

4. Capital gains

If an individual sells an asset in one country but is resident in the other country, the capital gain will be taxed in both countries. However, the tax paid in the country where the asset is sold can be claimed as a credit against the tax due in the other country.

Conclusion

The Double Taxation Agreement between the UK and Switzerland is designed to ensure that individuals and businesses do not pay taxes on the same income twice. It outlines the rules for tax payments and ensures that taxpayers can claim credits for taxes paid in the other country.

For businesses and individuals who operate in both the UK and Switzerland, it is essential to understand the DTA and its implications for their tax obligations. If you have any questions or concerns about the DTA, it is advisable to seek the advice of a tax professional.