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
New dividend tax has knock-on effect for owner/director PAYE codes
HMRC’s new dividend tax will cause complications in the 2016/17 PAYE codes used by owners and directors.Continue reading
Osborne will abolish the tax-free lump sum on retirement incomes, claims former minister
Former pensions minister Steve Webb criticised George Osborne yesterday, claiming that the Treasury is plotting a “tax bombshell” which will hit thousands of British people.Continue reading
Could trade deal make tax avoidance easier?
Fears have been raised that a controversial new trade deal being negotiated between the European Union (EU) and the United States could make it more difficult to tackle tax avoidance in future.Continue reading
New “PSC register” will affect almost all UK companies
From April 2016, all UK private companies and LLPs will have to disclose their beneficial owners under the new Persons of Significant Control (PSC) register.Continue reading
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