George Osborne wants £20bn new savings from government departments
George Osborne has launched his spending review with a call for £20bn cuts to Whitehall budgets.Continue reading
Author Archive: Muhammad Zia
HMRC issues 10,000 accelerated payment notices
Approximately 10,000 accelerated payment notices (APNs) were served by HMRC to people using tax avoidance schemes, according to an annual report from the tax authority for the 2014/15 financial year.Continue reading
Savers warned that they shouldn’t expect rates to rise
The Bank of England’s governor, Mark Carney, has indicated that a base rate rise is looking increasingly likely to happen, and potentially as early as December.Continue reading
Government cuts stake in Lloyds banking group to under 15 per cent
The UK government has sold 10 percent of Lloyds Banking Group in the past five months through its trading plan, reducing its stake to less than 15 per cent.Continue reading
New dividend tax rules to obtain more tax from contractors using limited companies
Following tax changes included in the latest Budget, self-employed contractors that use personal service companies, in order to pay less tax, will soon be charged accordingly.Continue reading
Apple Pay officially launched in the UK
Apple Pay launched in the UK without the participation of most of the major banks, including HSBC, which was listed as a launch partner.Continue reading
Study finds that public funding of the arts strengthens the UK economy
The public money spent on the arts in Britain is responsible for creating substantial growth among commercial creative industries, which also helps to strengthen the wider UK economy, according to a recent report backed by business leaders.Continue reading
Wales publishes a proposal to create its own tax collection authority
A formal proposal, which outlines Wales’s plans to operate its own tax collection system – for the first time in 800 years – has been published.Continue reading
Budget boost for HMRC in new push on tax evasion
HMRC will be able to dip into individuals’ current accounts and savings held in cash Isas to recover tax debts from the autumn, it has been revealed.Continue reading
Chancellor announces that permanent non-dom tax status will be abolished
As part of yesterday’s Budget announcement, George Osborne revealed that anyone born in Britain to UK-domiciled parents, or anyone who has lived in the country for more than 15 of the last 20 years, will have to pay full tax in the UK.Continue reading
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