Treasury to shelve plans for VAT on funds Investing Ministers are looking to block a proposal from HM Revenue & Customs (HMRC) to apply VAT to investment funds following warnings from City bosses. According to a report in the Financial Times, the customs body had been trying to end the carve-out that allowed third-party fund management operations to be free from the 20 per [...]
UK’s small businesses underestimating risk of cyber attacks Tech Small businesses (SMEs) consider themselves too small to be targeted for data theft, severely exposing themselves to cyber attacks. According to a new Association of Business Insurers (ABI) report, SMEs generally consider themselves too small to be targeted by cyber criminals and, as a result, are not using cyber insurance to help mitigate these risks. The [...]
‘Good news for insurers’ after government ups personal injury discount rate Lord Chancellor revealed that the personal injury discount rate will increase to 0.5 per cent, in a move welcomed by the insurance industry
Industry crackdown as insurance scams surge September 26, 2024 The UK insurance industry identified £1.1bn worth of fraudulent claims last year, highlighting the importance of focusing on tackling bogus insurance claims.