IMF chief praises UK economy
The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government’s economic strategy.Continue reading
HMRC is “increasingly likely” to decide that tax return mistakes are deliberate
According to statistics issued by HMRC under a Freedom of Information Request, taxpayers are more likely to be accused of intentionally stating incorrect figures on their tax returns if a mistake is found by the taxman.Continue reading
Pensions: Act now to avoid 55 per cent tax
New rules on the total amount of money that can be saved tax-free in a pension are set to come into force in April 2016.Continue reading
IFS warns about negative impact of cuts to pension relief for high earners
In a recent report, the Institute for Fiscal Studies (IFS) has claimed that the policy announcements from the Conservative and Labour parties, which intend to cut pensions tax relief for those earning over £150,000, could potentially cause “chaos” for the UK.Continue reading
ICAEW says that small firms are saving cash
According to a recent poll conducted by ICAEW (the professional accountancy and finance body), more businesses are saving cash and are less likely to heavily invest while the UK economy is still recovering from the recession.Continue reading
SNP leader accused of damaging the UK economy after Scottish independence vote stance
Nicola Sturgeon, leader of the Scottish National Party (SNP), has received a negative response after failing to rule out another independence vote taking place in Scotland.Continue reading
UK economy growing at a “steady rate” but businesses call for interest rate fix
In its quarterly economic survey, the British Chambers of Commerce (BCC) has released information that shows how Britain’s economy is demonstrating steady growth, with instances of growth at pre-recession levels also being recorded.Continue reading
Labour aims to abolish the non-domicile rule despite it “costing Britain money”
Ed Miliband has announced that the non-domicile tax rule, which was first introduced by William Pitt the Younger in the late 18th century, would be abolished under a Labour Government.Continue reading
Conservatives warn of tax increases under Labour
Independent research from the House of Commons Library is being cited by the Conservatives to show how tax increases by the previous Labour Government resulted in £2000 of additional tax being paid by the average family.Continue reading
Experts worry about UK economy’s long-term prospects despite growth
In March 2015, new orders for the UK’s manufacturing sector continued to increase, largely as a result of national consumer demand and an improvement in the rate of exports to the United States, China, Germany, Canada, the Netherlands and the Middle East.Continue reading
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