Latest news with #P60
GMA Network
a day ago
- Business
- GMA Network
SONA 2025: Marcos to award merit scholarships to exemplary HS students
High school students with exceptional academic performances will be given presidential merit scholarships, President Ferdinand Marcos Jr. said on his fourth State of the Nation Address Monday. In SONA 2025, Marcos said the scholarship program will be awarded to graduating high school students with highest honors in recognition of their efforts. 'Bilang natatanging pagkilala, gagawaran natin ng Presidential Merit Scholarships ang mga high school graduates na makakakuha ng Highest Honors,' he said. (To recognize their efforts, high school students with highest honors will be awarded with presidential merit scholarships.) Malacañang has yet to provide further details on the scholarship program. Meanwhile, the President also reiterated that Technical Vocational Education and Training (TVET) programs will be included in the strands for the senior high school (SHS) curriculum program. 'Ibig sabihin, ang mag-aaral natin, Senior High School pa lamang, makakapili na siya kung Bookkeeping, Agribusiness, Electrical, o Graphic Design ang kanyang napupusuang larangan,' he said. (This means that as early as SHS, students can choose if they want to pursue Bookkeeping, Agribusiness, Electrical, or Graphic Design.) 'Diretso pagka-graduate, puwede na agad mag-hanapbuhay kung gugustuhin, dahil para na rin siyang nakapag-aral sa TESDA at nakakuha ng NC II o NC III,' he added. (After they graduate, they can already work if they want to because it would like they they studied under TESDA and completed NC II or NC III.) Marcos vowed of additional P60 billion budget in support for the free tertiary education and technical vocational (tech-voc) programs in the country. He also said the number of scholars under the TESDA tech-voc program grew by 200,000 in 2024. —AOL, GMA Integrated News
GMA Network
09-07-2025
- Business
- GMA Network
OVP proposes higher budget in 2026 at P903M
The proposed budget of the Office of the Vice President (OVP) for 2026 has increased by P170 million from the current fiscal year, OVP spokesperson Ruth Castelo said Wednesday. At a press conference, Castelo said the OVP, under the leadership of Vice President Sara Duterte, initially made a proposal of P733 million for next year, retaining the office's 2025 budget. However, Castelo said that the Department of Budget and Management (DBM) increased the proposed budget to P803.6 million, which further grew to a total of P903 million, upon the request of the OVP. 'So nagdagdag sila…ng less than P70 million, mga P60 something million. And then, nung nagdagdag sila ng P60 something million, we requested for additional personnel services,' she said in an ambush interview. (So they added…less than P70 million, about P60 something million. And then, when they added P60 something million, we requested a higher budget for additional personnel services.) 'Siyempre may cost 'yun…na additional employees para mas ma-fulfill yung functions and other IT equipment that are needed for the OVP. Ang binigay na final ng DBM is P903 million,' she added. (Of course there is a cost for additional employees to better fulfill the functions of the office, and other IT equipment that are needed for the OVP. The final budget given by DBM is P903 million.) Castelo also confirmed that the OVP will not be requesting any confidential funds for next year. 'No confidential funds. Hindi naman na tayo nag-request niyan [we didn't request]… If they want to give, they want to give,' she explained. Asked how confident is the OVP that Congress will approve the P903 million budget request for next year, Castelo said, 'We can just hope and pray that they see the need for this budget.' She also affirmed that the OVP staff will be attending the budget hearings, both at the Senate and House of Representatives. — RSJ, GMA Integrated News
Scottish Sun
03-06-2025
- Business
- Scottish Sun
HMRC warning to check codes on letters as workers are owed £700 each – check if you're affected
Find out how to check if you could be eligible TAXING TIMES HMRC warning to check codes on letters as workers are owed £700 each – check if you're affected BRITS are being urged to check their tax codes immediately as thousands could be due a £700 refund from HMRC. It comes as the May 31 deadline has passed for employers to issue P60 forms – a crucial document that confirms how much tax you've paid in the last financial year. 1 Thousands could be owed £700 from HMRC Credit: Alamy But tax experts are warning that many workers could be on the wrong tax code without even knowing it, potentially costing them hundreds of pounds. One in three Brits has been on the wrong tax code at some point, with average overpayments hitting a hefty £689, according to research by Canada Life. The blunder means HMRC could be sitting on billions in overpaid tax and the only way to get it back is to check your details and flag it. Taxpayers should double check the 'final tax code' on their P60 that's the string of letters and numbers near the top of the form. Codes like "BR", "D0", or "D1" should raise a red flag. These mean you may have been taxed at a flat rate with no tax-free allowance. Anyone who stayed with the same employer up to April 5 should have already received their P60, either in the post or digitally. And while it may be tempting to toss it aside, it's an important piece of paperwork. Not only is it used to claim tax rebates, it's also essential for applying for tax credits, benefits, loans, or even a mortgage. If you think your code is wrong, or if something doesn't look right on your payslip, it's time to act. Clampdown on tax dodgers is confirmed by Rachel Reeves in bid to fill spending black hole How to check your tax code You can check your current tax code by logging into your personal tax account online, using the HMRC app, or digging out your latest payslip. You may also have received a Tax Code Notice from HMRC in the post, so it's worth checking any recent letters too. If the numbers don't add up, contact HMRC directly. You can call them on 0300 200 3300 or write to: Pay As You Earn and Self Assessment, HMRC, BX9 1AS. Those who've overpaid could see a refund land in their bank within five days once their claim is processed or receive a cheque in the post within two weeks. But it's not always good news, some may find they underpaid tax and owe HMRC money. If that's the case, most will be asked to repay it gradually over 12 months. If you're owed money, you may also receive a P800 letter or a simple assessment telling you how much you're due and how to claim it. There's a four-year limit on claiming back overpaid tax, so if you think you've been overcharged, don't delay. Whether you're a full-time employee, working multiple jobs, or have just switched roles, it's worth double checking your code because a five-minute check could leave you hundreds better off. The Sun has approached HMRC for comment.
The Sun
03-06-2025
- Business
- The Sun
HMRC warning to check codes on letters as workers are owed £700 each – check if you're affected
BRITS are being urged to check their tax codes immediately as thousands could be due a £700 refund from HMRC. It comes as the May 31 deadline has passed for employers to issue P60 forms – a crucial document that confirms how much tax you've paid in the last financial year. 1 But tax experts are warning that many workers could be on the wrong tax code without even knowing it, potentially costing them hundreds of pounds. One in three Brits has been on the wrong tax code at some point, with average overpayments hitting a hefty £689, according to research by Canada Life. The blunder means HMRC could be sitting on billions in overpaid tax and the only way to get it back is to check your details and flag it. Taxpayers should double check the 'final tax code' on their P60 that's the string of letters and numbers near the top of the form. Codes like "BR", "D0", or "D1" should raise a red flag. These mean you may have been taxed at a flat rate with no tax-free allowance. Anyone who stayed with the same employer up to April 5 should have already received their P60, either in the post or digitally. And while it may be tempting to toss it aside, it's an important piece of paperwork. Not only is it used to claim tax rebates, it's also essential for applying for tax credits, benefits, loans, or even a mortgage. If you think your code is wrong, or if something doesn't look right on your payslip, it's time to act. How to check your tax code You can check your current tax code by logging into your personal tax account online, using the HMRC app, or digging out your latest payslip. You may also have received a Tax Code Notice from HMRC in the post, so it's worth checking any recent letters too. If the numbers don't add up, contact HMRC directly. You can call them on 0300 200 3300 or write to: Pay As You Earn and Self Assessment, HMRC, BX9 1AS. Those who've overpaid could see a refund land in their bank within five days once their claim is processed or receive a cheque in the post within two weeks. But it's not always good news, some may find they underpaid tax and owe HMRC money. If that's the case, most will be asked to repay it gradually over 12 months. If you're owed money, you may also receive a P800 letter or a simple assessment telling you how much you're due and how to claim it. There's a four-year limit on claiming back overpaid tax, so if you think you've been overcharged, don't delay. Whether you're a full-time employee, working multiple jobs, or have just switched roles, it's worth double checking your code because a five-minute check could leave you hundreds better off. The Sun has approached HMRC for comment.
GMA Network
29-05-2025
- Health
- GMA Network
PhilHealth CEO Mercado submits courtesy resignation
Philippine Health Insurance Corporation (PhilHealth) acting president and CEO Dr. Edwin Mercado has submitted his courtesy resignation amid the ongoing post-midterm polls executive overhaul of the Marcos administration. 'Bilang pagsunod sa direktiba ni Pangulong Ferdinand Marcos Jr. ay nagsumite na ng kaniyang courtesy resignation ang aming acting president and CEO Dr. Edwin M. Mercado,' PhilHealth said in a statement. (In accordance with the directive of President Ferdinand Jr., our acting president and CEO Dr. Edwin Mercado submitted his courtesy resignation.) His resignation came after the Governance Commission for GOCCs (GCG) directed state-run firms' non-ex-officio chairpersons, chief executive officers (CEOs), and all appointive directors/trustees/members of their respective GOCCs' governing boards to immediately submit their courtesy resignations to the President through the Office of the Executive Secretary. Mercado, an orthopedic surgeon, was named as the new chief of PhilHealth in February in the midst of the controversial transfer of P60 billion funds of the state insurer to the national treasury, which was criticized by health advocates. Last week, Marcos sought the courtesy resignations of Cabinet secretaries to "recalibrate" his administration after the 2025 national and local elections. The President had lamented that results of the May 2025 midterm polls showed that the people are "tired of politics and they are disappointed with the government." —AOL, GMA Integrated News
