HMRC uses unprecedented amounts of data and ‘nudge’ letters in crackdown on foreign tax evaders April 23, 2022 The number of overseas investors confessing to tax evasion in the UK has more than quadrupled to 338 this year from 78 in the previous year, according to new data shared with City A.M. today. Many of these disclosures are from overseas investors in buy-to-let property who are coming clean about unpaid tax on their [...]
Three Open Roles With Brilliant Built-in Benefits April 22, 2022 Increasingly, we’re looking beyond the role or job title (and whether it’s a fit for our skill sets, of course) when we’re thinking about a career move. Beyond base pay, many of us are now looking at an overall compensation package to go along with a competitive salary offer. From wellness to profit sharing, remote [...]
Everything you were afraid to ask about the metaverse April 22, 2022 | City Talk This article first appeared in ICAS’ CA Magazine. It recently hosted its first wedding, with a guest list of thousands. It may soon see CAs send digital avatars to clients’ virtual offices. But will the metaverse really reshape business or be just a niche preserve of gamers? Christian Koch investigates. The metaverse is coming… “Who [...]
Brexit and pandemic onslaught have altered UK workforce with highest-ever number of non-EU workers April 21, 2022 UK, EU and non-EU payroll data varied drastically during the course of the pandemic, according to fresh data sent to City A.M. this morning. While the UK entered the first lockdown in March 2020 with payroll numbers at 25.7m that then dropped to 24.9m by March 2021, non-EU payroll saw figures at 2.12m in March [...]
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay April 20, 2022 Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]
FCA names interim digital asset lead amid crypto push April 20, 2022 The UK's financial regulator has selected Victoria McLoughlin as interim head of a new unit focussing on digital assets.
Quilter assets slide as Ukraine crisis hits investor confidence April 20, 2022 Wealth manager Quilter reported a dip in assets under management in the past three months as investor jitters spread in the wake of Russia’s invasion of Ukraine.
London fast becoming a hotspot for crypto jobs April 20, 2022 London has been confirmed as a world leader in cryptocurrency after a jobs platform revealed the number of global employers currently hunting for staff in the crypto sector.
Tax paid by Brits on at least £150k skyrockets as ‘fiscal drag’ makes HMRC increasingly lean on high income taxpayers April 20, 2022 The total income tax paid by high earners making £150,000 or more has increased by 77 per cent in the last decade, reaching £60.9bn in the 2019-20 tax year, up from £34.5bn in 2010-11, according to data that was shared with City A.M. Over the same period the total tax take from basic rate taxpayers [...]
