Latest News

-
Disabled people who take on a carer or personal assistant now have access to additional information and support, following the launch of an enhanced version of the Disability Tax Guide website, the Low Incomes Tax Reform Group (LITRG) announced yesterday (4...
-
Two financial institutions have offered to pay the full stamp duty bill for first time buyers purchasing properties. Halifax has today (4 March) announced it will pay the entire stamp duty bill on purchases between £125,001 and £250,000, reducing...
-
Revised rules for the consumer credit industry and new plans for payday lenders have been published on Friday (28 February) by the Financial Conduct Authority (FCA). The body will take over the regulation of around 50,000 consumer credit firms from the...
-
Over 100,000 households are being helped onto the property ladder thanks to Government backed schemes such as Help to Buy or Right to Buy, Communities Secretary, Eric Pickles, announced yesterday (27 February 2014). Overall the number of homeowners who have...
-
A joint letter emphasising concerns over the latest draft Code of Practice for funding defined benefit (DB) pension schemes was sent to the Pensions Regulator yesterday (27 February) by the Confederation of British Industries (CBI) and the Trade Union...
-
Shadow foreign secretary, Douglas Alexander, said on Thursday (27 February) that Scottish Labour party must take fight to SNP by offering more radical form of devolution. He has called for Scotland to be given more freedom over tax-raising powers, employment...
-
New guidance to help couples assess and agree financial needs on divorce or at the end of a civil partnership has been issued by the Law Commission. These recommendations come after the Commission found evidence of regional inconsistencies in how the courts...
-
Disabled people are facing "distress and financial difficulties" because of the slow processing of claims under the new Personal Independence Payment (PIP) benefit scheme, according to a new report from the National Audit Office (NAO). Backlogs of...
-
Forex Capital Markets Ltd and FXCM Securities Ltd (“FXCM UK”) have been fined £4 million for allowing US based FXCM Group to withhold profits worth approximately £6 million that should have been passed on to FXCM UK’s clients,...
-
A £40 million investment to support lending to smaller businesses through peer-to-peer lender Funding Circle will begin on 1 March 2014, the British Business Bank programme announced yesterday (25 February 2014). This investment is expected to support...
-
Two new international training programmes for tax professionals will start in May 2014 that include both online and residential components, HM Revenue and Customs (HMRC) announced yesterday (25 February). The programmes, which are run by HMRC on behalf of the...
-
The Coalition is planning one of the biggest ever shake-ups of National Insurance, in a bid to make the system more transparent for businesses and their employees. Tory backbench MP Ben Gummer will today present a Commons Bill that will propose changing the...
-
A tribunal has found that a tax avoidance scheme which involved high earners claiming that they were second-hand car dealers in their spare time did not work, HM Revenue and Customs (HMRC) said on Friday (21 February). The decision is expected to save...
-
The Government has launched an advertising campaign targeting people who have been evading taxes by holding money in offshore accounts, Chancellor George Osborne announced on Sunday (23 February). Tax evaders could face fines of 200% of the tax owed and...
-
People affected by the recent spate of flooding in the UK are to be exempted from paying council tax, Prime Minister David Cameron has confirmed. He revealed that the Government has set aside £4 million for local authorities to cover the cost of unpaid...
-
A number of major Hollywood figures are getting behind the so-called 'Robin Hood tax', which some claim would help to save the UK billions of pounds a year, as well as tackling poverty both domestically and around the world. In support of the scheme,...
-
Falling confidence in emerging markets is creating a significant threat of deflation, which represent the "ogre" that could hamper recovery, IMF Managing Director Christine Lagarde has warned. It comes as the dynamics of the world economy are set to...
-
Many local councils are planning on implementing tax rises that will fall narrowly short of the threshold at which a referendum is required, it has been claimed. New legislation requires any council tax rise of 2% or more to be signed off by locals, but to...
-
The forces that are preventing the UK's interest rates from rising will persist for some time, Governor of the Bank of England Mark Carney has predicted. Dr Carney told the BBC that "some very big forces" are operating and will continue to do...
-
The introduction of a financial transaction tax could result in British savers losing out on almost £4 billion, it has been claimed. A report by the consultancy London Economics suggests that British savers could suffer a €4.4 billion (£3.6...
-
The Government's flagship pension programme has resulted in more than 2.8 million workers being auto-enrolled into a workplace pension scheme so far, the Pensions Regulator has revealed. According to the work-based pension watchdog, 877,000 employees in...
-
The UK pensions system is not working, and is being detrimentally impacted by a "disorderly" annuities market. That is the key finding of a new report by regulatory body the Financial Conduct Authority, which has carried out an in-depth review of...
-
Another step has been taken in the global crackdown on tax evasion, after 42 countries agreed to pioneer a tax transparency regime. The nations have committed to the automatic exchange of information on bank accounts holding more than $250,000. The move has...
-
The council tax freeze in Scotland needs to end if services are to continue operating at their optimum level, a trade union has warned. According to Unison, the combination of austerity measures and the continued council tax freeze has left Local Government...
-
HMRC is to begin issuing penalties after 710,000 people failed to submit their completed tax returns before the end of January deadline. In total, around ten 10 million tax returns were completed, but 7% of respondents were not fast enough and are now liable...