At the moment those who fail to tell the taxman about inherited offshore assets are treated equally to those who fail to disclose domestic assets.
Banking is a fundamental of conducting business and it is important to get your set-up right to make sure your business operations run smoothly for years to come.
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According to the BBA (British Banker's Association) banks are ready to lend small businesses cash. It has emerged during a recent campaign by the industry group to promote small business lending trends that the majority of loans are now being approved.
Starting your own business can be a daunting task. When the initial excitement passes and the reality of what you are taking on starts to hit home, it can be enough to put some people off the whole idea altogether.
One of the highlights in the news this week has been the LIBOR rigging scandal, for which the part nationalised RBS has been forced to pay a £390m fine.
Tracy Emin, one of the leading lights of the Brit-Art movement reportedly quit the country in early 2009, with the famous quote 'Stuff your 50% tax, I’m taking my tent to France'.
HMRC stated today they would vote against the Glasgow Club’s Company Voluntary Arrangement.
The surprise increase in inflation last month prompted some speculation that the Bank of England might raise interest rates as a way of curbing inflation.
Reforms are to go ahead to prevent banks being bailed out in the future by the public purse.
Bank governor Sir Mervyn King says that banks need to brace themselves for an “extraordinary serious and threatening” economic situation.
The month of October saw the UK’s new borrowing fall to £6.5 billion, down from £7.7 billion the year before.