Chancellor George Osborne shares his tax details for 2014/15, as Prime Minister David Cameron announces that nobody will be obliged to reveal their return April 11, 2016 Chancellor George Osborne has joined the list of politicians who have made their tax return public today. Osborne published a copy of a summary of his tax return for the 2014/15 tax year, revealing that he made a taxable income of £198,738 and paid income tax of £72,210. His income is compromised of £120,526 in taxable pay and [...]
This is how much tax Boris Johnson paid (and it’s the most of any politician so far) April 11, 2016 Tax returns are like buses. You spend ages waiting for one to turn up (or not, depending on your view of the world) and then three arrive all at once. Hot on the heels of George Osborne's and Jeremy Corbyn's comes that of London mayor Boris Johnson and it shows the now-Uxbridge MP has paid [...]
UK is top targeted European country for M&A deals from emerging markets April 11, 2016 The UK was the number one European target for inbound deals from emerging markets in the second half of last year, according to a new report. During the six-month period, UK companies were involved in 45 inbound, completed deals, up nearly 30 per cent on the first half of the year, KPMG's cross border deals tracker [...]
Libor trial: Barclays trader thought compliance team knew of rate setting emails, court hears April 11, 2016 One of the former Barclays traders standing trial over conspiracy to manipulate the US dollar Libor rate says he thought the bank's compliance department had access to emails between traders and rate setters, a court heard today. Defence lawyers for Stylianos Contogoulas told the court: "These messages were not transmitted with a nod and a wink." The Serious Fraud Office (SFO) has alleged that [...]
This is where Brits spend the most money buying their first car (spoiler alert: it’s not London) April 11, 2016 Supercar season may be just getting under way in the city, but for all the golden Lambourghinis causing congestion in Knightsbrige, Londoners on average don't spend as much on their first cars as you'd think. Scotland is the real home of Britain's petrol heads, as new drivers north of the wall spend the most on their [...]
Now Jeremy Corbyn has published his tax return too (but what is Surrey income?) April 11, 2016 Anyone into the affairs of the nation's most powerful must be in ecstasy today: after David Cameron published details of his tax return yesterday and George Osborne waded in this afternoon, now Jeremy Corbyn has got involved, with details of his income. It's not very exciting, mind. Even as the Labour leader went head-to-head with the [...]
M&A boom of 2015 may not be over yet: Law firm report adds to Goldman Sachs optimism April 11, 2016 A law firm's report has joined Goldman Sachs in suggesting the mergers and acquisitions (M&A) boom of 2015 may not be over yet. Baker & McKenzie's quarterly cross-border M&A index, released later this week, reports that cross-border M&A has accelerated in the first quarter by eight per cent year on year, with 1,147 deals worth [...]
It’s time for the FCA to build on its pro-innovation reputation April 11, 2016 Credit where it’s due. That the Financial Conduct Authority has chosen to make “Innovation and Technology” one of its seven priority areas for the year ahead, as revealed in its 2016-17 business plan recently, underlines why the regulator has a global reputation for its forward-thinking approach to technology. In an international marketplace for fintech innovation, [...]
Aim-listed law firm Gateley has acquired tax specialist Capitus April 11, 2016 Share price in Gateley rose today after the Aim-listed law firm snapped up Capitus, a tax incentives adviser. Capitus, which Gateley has purchased for £2.7m in shares and cash in what is its first acquisition since listing on the exchange, raked in revenues of £1.4m and an operating profit of £593,000 for its year ended June 2015. Gateley, [...]
Wealth management firm Courtiers sets sights on three acquisitions as it aims to take assets under management total to more than £1bn April 11, 2016 Wealth management firm Courtiers has set its sights on three acquisitions to take its total assets under management to £800m. It has agreed a deal for JRH Asset Management, which has around £62m in funds under management. And two more deals, both of which are subject to non-disclosure agreements, are also in the pipeline. Read more: [...]