Offshore Bank Account Tax Disclosure is commonly understood to be a grey area in HMRC’s handling of people with offshore bank accounting. In 2007 the government won an appeal from Barclay’s Bank to stop HMRC accessing customer’s accounting. Many who …
The biggest government financial surplus for more than 2 years has been recorded as healthy income tax receipts last month swelled the treasury’s coffers.
The figures were better than the City had predicted and put the government on course to …
Inflation could rise to as much as 4.2 percent, as the VAT increase takes effect, City economists have warned. Consumer price inflation reached 3.7 percent in December. The rate of VAT increased from 17.5 percent to 20 percent on January …
As the government presses ahead with its deficit reduction strategy, Prime Minister David Cameron has ruled out significant tax cuts.
He said that he wanted to offer people relief but said it would only be possible “at the end of …
Nearly a million people face soaring rates of tax as the government’s deficit reduction plan continues this spring.
James Brownie of the IFS warns that the number of high earners could continue to grow as a result of the Conservative’s …
The number of British businesses with financial problems is on the increase, according to a report by. insolvency practitioners Begbie Traynor.
They have revealed that 147,836 firms got into trouble in the final three months of 2010, a 4 percent …
New legislation will be passed to prevent employers from being able to force staff to retire at the age of 65.
The move, which will commence in October, was declared as being “great news” for older people, the economy and …
As many as 4 million people could be affected by government plans to allow private sector final salary schemes to increase pension payments in line with consumer prices index (CPI), rather than the more generous retail prices index (RPI).
Pensions …
For the first time in five months, retail inflation slowed down but sharp prices hikes are expected after the new year.
Shop price inflation fell from 2.2 percent in October to 2 percent in November, with stores starting Christmas promotions …
Wealthy foreigners are being encouraged to migrate to the UK in an effort to make Britain a desirable destination for rich migrants.
After a move to restrict the number of non EU workers coming to live in the UK, home …