Pre-budget tax rises are likely to hit City workers November 24, 2009 WE HAVE all become accustomed to woe-filled stories about the economy. Last week’s headlines included news of a budget deficit of over £11bn for the month, or £87bn in the fiscal year to date. Attempts to bridge the gap through better enforcement of existing tax laws may not be helping – rumours suggest that HM [...]
CITY MOVES WHO’S SWITCHING JOBS November 18, 2009 LaSalleThe property investor has appointed Uwe Rempis as head of asset management for Northern Europe. Rempis has been at the firm since 2007 and has been actively involved with asset management and acquisition for a number of its German and European funds. He originally joined from Allianz Immobilien, where he also worked in property and [...]
ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]
The numbers man on why London needs to give the right message October 21, 2009 John Griffith-Jones definitely comes across as a man on a mission. Whether he’s talking about hooking accountancy giants KPMG up with as many of its European partners as possible, helping the banks through one of the most catastrophic crises in their history, preserving the status of London as a financial centre, or teaching young children [...]
House sales up, says taxman October 21, 2009 HOUSE sales in the UK lifted over the summer despite the downturn, according to figures released yesterday by HM Revenue & Customs (HMRC). Sales of residential properties costing more than £40,000 rose from 80,000 in August to 82,000 in September. And sales in the three months to the end of September were 11 per cent [...]
Insolvencies for Q3 are falling October 20, 2009 THE number of companies with significant and critical financial problems has fallen both year-on-year and quarter-on-quarter, figures from the rescue, recovery and restructuring specialists Begbies Traynor showed yesterday. The figures show how HMRC’s Business Payment Support Service, which has seen more than 215,000 companies defer payment of £3.79bn in tax liabilities, are helping, it said. [...]
LAST CHANCE TO PLACATE THE TAX MAN October 13, 2009 SIMON NEWSHAMNEWSHAMS TAX SOLICITORS TAXPAYERS with unpaid taxes on foreign interests have been offered an amnesty by HM Revenue & Customs (HMRC), but time is running out for them. The amnesty, known as the New Disclosure Opportunity (NDO) allows UK resident individuals and companies with unpaid taxes on offshore bank accounts or overseas assets, including [...]
Tax warning for Lloyd’s of London firms October 12, 2009 CITY broker Collins Stewart has sounded alarm bells over insurers Brit and Beazley, after it emerged that the tax man will watch like a hawk companies moving abroad for tax reasons. Ben Cohen, an analyst at the brokerage, has labelled the stocks as “higher risk” because HM Revenue & Customs (HMRC) is expected to subject [...]
Vantis wives embroiled in Revenue case October 12, 2009 THE wives of two leading City accountants have been caught up in the tax controversy surrounding Vantis, the publicly-quoted accountancy group. City A.M. has learnt that Shirley Faichney and Nicola Perrin will both face charges of “cheating Her Majesty and the public revenue,” charges that they reject. A spokesman yesterday told City A.M.: “We can [...]
City tax stars face charges from Revenue October 11, 2009 VANTIS, the stockmarket-listed accountancy firm, yesterday confirmed that its two leading City accountants have been charged with a multi-million pound tax scam. David Perrin and Roy Faichney work in the tax division of Vantis and are responsible for developing tax saving schemes for their wealthy clients which included former captain of England rugby team, and [...]