UK gender pay gap has narrowed, but is still above OECD average
The long-running pay gap between men and women working in the UK has narrowed of late, but a recent report claims that the gap is still higher than the Organisation of Economic Cooperation and Development (OECD) average.Continue reading
Former Bank of England Boss: Eurozone ‘will affect UK whether in or out’
Former Bank of England boss Mervyn King has argued that the UK will be affected by the Eurozone regardless of whether it votes to stay in or leave the European Union (EU).Continue reading
Embarrassment for HMRC over advertising figures
HM Revenue & Customs (HMRC) spends six times the amount advertising on Facebook than the social media site pays in tax, it was claimed this week.Continue reading
‘Persuasive promoters’ lure Britons into tax avoidance schemes, says HMRC
A recent report unveiled by HMRC has revealed that British taxpayers are being introduced to avoidance arrangements via ‘persuasive promoters’ – typically in the form of friends, family and ‘unusual’ scheme sellers.Continue reading
EU prepares to raise tax on e-cigarettes amid warnings this could impact people’s health
Electronic cigarettes are set to soar in price under plans by Brussels to tax them at the same rate as tobacco.Continue reading
Colossal rise in consumer credit and mortgage approvals, says Bank of England data
Recent figures from the Bank of England revealed that British consumers borrowed a colossal £1.6 billion in January 2016 – representative of the second-highest level on record in more than ten years.Continue reading
Businesses warned to pay VAT on time or face hefty fines
Experts are urging businesses to pay their VAT on time following a ruling at a recent tax tribunal, which ruled that a six-figure fine for missing a VAT payment by just one day was ‘proportionate’ for a struggling London firm.Continue reading
Senior Tories at odds over implications of Brexit
The Chancellor of the Exchequer has warned that there could be a profound shock to the UK economy if voters back leaving the EU this summer.Continue reading
Cameron appoints new HMRC chief executive and chairman
David Cameron has appointed Jon Thompson, the permanent secretary of the Ministry of Defence (MoD), as the new chief executive of HMRC, it was revealed this week.Continue reading
£22.2 billion paid out so far in PPI mis-selling scandal
The Financial Ombudsman Service has published the latest complaint figures against financial firms, with banks continuing to dominate.Continue reading
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