Graduate cannot appeal against HMRC’s £1,300 fine for his university business
A graduate from Sheffield Hallam University who has been served with a £1,300 penalty from HMRC, for submitting a late tax return that was not his responsibility, cannot argue against the charge because of current tax legislation.Continue reading
Banks pressured to offer better current account rewards
With competition to offer current account perks picking up, the big four high street banks are facing increasing pressure.Continue reading
Good news for income investors as dividend outlook for 2015 improves
According to a recent report published by Capita, dividend pay-outs from companies listed in the UK grew at the beginning of 2015, up in the first quarter of the year when compared to results from 12 months ago.Continue reading
UK economy expected “to grow 2.8 per cent in 2015”
According to EY’s ITEM Club – the only non-governmental forecasting group that uses HM Treasury’s model of the UK economy – political unrest surrounding the upcoming general election will have no impact on Britain’s economic growth.Continue reading
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
Can we help? Talk to our expert team