Pleasant Surprise Or Unwelcome Shock
HM Revenue & Customs (HMRC) have admitted that around five and half million people either overpaid or underpaid tax last year and will be receiving a cheque for up to £500 or a surprise demand for roughly the same amount at some point this year.
Having recalculated earnings in its ann
Recovery In Sight
The Bank of England yesterday (May 15th) upgraded its economic growth forecast for the UK and has said that inflation should now fall faster than it had previously predicted.
The Bank’s Governor Sir Mervyn King said that inflation should drop to its target of 2 per cent within two years,
More Tax Evaders ‘Named And Shamed’
HM Revenue & Customs (HMRC) has published its second list of ‘deliberate tax defaulters’, which contains the names and financial penalties of individuals and small firms.
The original list HMRC, which was published in February, caused an outcry as it focused on small businesses and in
Rise in Housing Demand
According to the Royal Institution of Chartered Surveyors (RICS), demand for housing in the UK rose to its highest level in nearly three and a half years last month (April).
The latest RICS Residential Market Survey published today (May 14th) suggests that the Government’s Help to Buy sch
SME Report Gets Warm Reception
The first comprehensive report since the 1970s on small and medium-sized enterprises (SMEs) has been published by Lord Young, the Prime Minister's enterprise adviser.
In the report, the peer says that expanding the start-up loan scheme and opening a further £230bn worth of government
More Under The Microscope
HM Revenue & Customs (HMRC) has launched an investigation in the tax affairs of hundreds of wealthy individuals after receiving the largest amount of leaked data on offshore havens it has ever been gifted.
Totalling 400 gigabytes, which equates to hundreds of lorry loads of printed ma
Queen Outlines New Legislation
Reading notes written for her by ministers, the Queen outlined yesterday (May 8th) the forthcoming legislative programme in her annual Speech in Parliament, which contained a raft of new Bills in full and draft, aiming at Britons unlocking their potential and “firing up” private enterprise.
UK Car Sales Buck European Trend
Sales of new cars were nearly 15 per cent higher last month than during the same period last year according to data from the Society of Motor Manufacturers and Traders (SMMT), giving the best April results for the industry since 2008.
Car sales have been rising steadily in the UK over the
Banks Responsible for Sluggish Growth
According to the Government‘s new financial adviser Lawrence Tomlinson, the banks in this country are responsible for sluggish economic growth by ‘financially raping’ small businesses as they try to restore their own crippled balance sheets.
Mr Tomlinson, who has been given the title of “
ECB Takes Interest Rate To Historic Low
On the back of bleak economic news for the Eurozone for April, the European Central Bank (ECB) announced yesterday (May 2nd) that it was lowering its benchmark interest rate from 0.75 per cent to the historic low of 0.5 per cent in a bid to boost the area’s economic health.
It was the fir
More Tax Information Deals Signed
Following on the heels of deals signed with Jersey, Guernsey and the Isle of Man, the Government has announced that it has signed deals with Bermuda and other overseas territories, including the British Virgin Island and Anguilla, in regard to sharing tax information.
Under the agreements
SME Lending Rising
Bank of England figures confirmed yesterday (April 30th) that lending to small businesses increased in March for the first time in almost two years, indicating that the Bank’s Funding for Lending Scheme (FLS) may be having an effect.
Launched last August, the FLS allows lenders to borrow
- Pleasant Surprise Or Unwelcome Shock