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With the UK government's announcement this year that it is going to be cracking down aggressive tax avoidance, individuals and businesses are having to rethink their tax planning strategies. This is particularly true since the March 2012 Budget, which...
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Landlords must pay due diligence when handling any money related to their property, otherwise they could face problems further down the line. That was the message delivered by the British Property Federation (BPF) earlier today (16 May).
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The Government's decision to end the stamp duty concession for first-time buyers could have far-reaching effects for the property market that go beyond this group of buyers. This warning follows the publication of new data from the Council of Mortgage Lenders...
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The Government must do more to ensure the new financial regulators provide consumers with a more open and transparent service, says the Financial Services Consumer Panel (FSCP) today (15 May), after the publication of its latest position paper....
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The Low Incomes Tax Reform Group (LITRG) has come out in defence of HM Revenue & Customs (HMRC) following criticism over the 5.1 million 'errors' made in people's tax for the year 2011/12.
HMRC this week began sending out...
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The startling impact of venture capital trusts (VCTs) on the growth of small and medium-sized enterprises in the UK has been highlighted as part of a new study from the Association of Investment Companies (AIC). Entitled "Delivering Growth:...
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14 May -- HMRC has confirmed that nearly three million UK taxpayers will begin to receive tax refunds from next week. The reimbursement comes two months earlier than last year with the change credited to the earlier start made to the annual...
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The Investment Management Association (IMA) has backed the HM Treasury plans for the implementation of Level 1 of the Alternative Investment Fund Managers Directive (AIFMD). This states that small AIFMs that target professional investors must only follow the...
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Building societies must view the incoming regulatory changes set to affect the sector as an opportunity to improve the market for consumers. That was the message delivered by the managing director of the Financial Services Authority (FSA) Martin Wheatley...
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The Investment Management Association’s (IMA’s) chief executive Richard Saunders has quashed any suggestion of introducing an annual percentage rate within the fund management industry.
Speaking today (8 May), Mr Saunders...
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The managing director of the Financial Services Authority (FSA), Martin Wheatley, has admitted that it needs to learn from its previous mistakes, as it goes about introducing better regulation in the sector.
Speaking at a Chartered...
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New legislation, designed to help businesses grow and succeed in the current economic climate, was unveiled yesterday (May 9th) as part of the Queen's Speech. Entitled the Enterprise and Regulatory Reform Bill, the new measures are being ushered in...
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Charities will be soon able to claim top-up payments of up to £5,000 on small donations without the need for Gift Aid declaration. The change was revealed as part of reforms unveiled during yesterday's (May 9th) Queen's Speech. It is widely...
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Business and enterprise minister Mark Prisk has reiterated the government's commitment to helping new entrepreneurs get their ideas off the ground. The comments come as Mr Prisk called on more organizations to sign up to the coalition's new Mentorsme...
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Online traders who have yet to pay the tax they owe for the previous financial year have just one month to take advantage of a new facility from HM Revenue & Customs (HMRC). The e-Markets Disclosure Facility offers online marketplace sellers the chance to...
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The UK has enjoyed a gradual improvement within its consumer credit markets, according to new figures produced by the Finance & Leasing Association (FLA). This new data, which comes directly from the trade body for the consumer credit industry,...
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Commercial property lease lengths have fallen to a new low of 4.8 years on average, according to a new independent report set to be released next week. The findings come from an annual study conducted by the British Property Federation and Investment...
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An additional 310 employer schemes look set to join the Real Time Information (RTI) pilot following its successful launch last month, according to HM Revenue & Customs (HMRC). RTI has been designed to improve the ease with which employers, pension...
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The property market continues to suffer from a “lack of direction”, according to Halifax housing economist Martin Ellis, following the publication of data showing a slight rise in house prices. There was a 0.3% increase in prices over the three...
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Bank of England (BoE) policymaker Paul Fisher has called on UK institutions to provide greater support to small and medium-sized enterprises through increased lending. Speaking in an interview with the Southern Daily Echo, Mr Fisher called for greater...
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European Commission (EC) proposals for a financial transaction tax (FTT) scheme have come under heavy criticism from a House of Lords Committee. The group hit out at the plans, warning that 70 per cent of the cash raised by the new tax proposal would come...
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An estimate 200,000 couples in the UK have lost out on as much as £73 a week in tax credits, because of the changes introduced by the coalition government. That is according to figures produced by the Union of Shop, Distributive and Allied Workers...
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New figures supplied by the Building Societies Association (BSA) have indicated that gross mortgage lending rose sharply over the past month. According to the data, lending by building societies and other mutual lenders climbed 58% in March 2012, compared...
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HM Revenue & Customs has today (May 1st) revealed that one in four calls to a special tax helpline fail to get through. The 0845 phone number is designed so that all calls are automatically picked up after a few rings with taxpayers then offered a...
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Forecast figures from HM Revenue & Customs (HMRC) have revealed that around 4.1 million people in the UK will be paying the highest rate of tax during the current financial year. According to the estimates, 3.8 million will be taxed at the 40% higher...
