CITY MOVES | WHO’S SWITCHING JOBS March 31, 2010 RBC Wealth Management The wealth manager, part of the Royal Bank of Canada, has appointed Sarah Macdonald as a director, focusing on UK entrepreneurial clients. Macdonald has worked for over a decade in the financial services industry at both Barclays Wealth and Morgan Stanley. She specialises in advising high net worth clients on asset management [...]
Tax evaders face harsh fines March 24, 2010 THE government outlined intentions to raise £500m in tax revenues yesterday by imposing a heavy penalty on evasion, at the same time announcing it was to sign information exchange agreements with a trio of countries. Chancellor Alistair Darling detailed plans of implementing a 200 per cent tax penalty on Britons found guilty of using offshore [...]
Don’t expect miracles from Darling March 23, 2010 THERE is just one thing going for Alistair Darling today and that is low expectations. Nobody is anticipating any miracles from the Chancellor, for whom this will probably be the last Budget, regardless of the outcome of the general election. His growth forecasts will be too optimistic once again, he won’t be open enough about [...]
These days, the beautiful game is as much about the bottom line as goals March 17, 2010 I T used to be the case that the biggest day in a football fan’s life was a trip to see their side at Wembley in a cup final. For many football fans, though, it’s no longer the dream destination of Wembley that keeps them up at night. Instead, it’s the prospect of a High [...]
Liechtenstein sets the pace on tax March 15, 2010 OFFSHORE banks have provided a tax-free haven for wealthy investors’ cash for more than 70 years. But as HM Revenue & Customs steps up its pursuit of British account holders, several international banking centres are considering following Liechtenstein’s lead in brokering an anonymous amnesty between the UK authorities and individuals with undeclared money stashed offshore. [...]
Chester are liquidated by HMRC March 10, 2010 CHESTER CITY were wound-up by the High Court yesterday, although Cardiff City and Southend United were handed lifelines. Blue Square Premier side Chester owed HM Revenue & Customs £26,125 in unpaid taxes and were liquidated after 126 years in existence. But a fans group have vowed to resurrect the club by setting up a ‘phoenix’ [...]
Employers swap bonuses for tax-free pensions March 9, 2010 REMUNERATING high earning employees in a tax efficient way has always been difficult, and the recent interest in bonuses has made it even more tricky for employers. The introduction of the 50 per cent rate of taxation on those earning over £150,000 has also spurred many to look at ways to protect its high earners. [...]
Portsmouth make claim for Cup cash March 8, 2010 DEBT-RIDDEN Portsmouth may be forced to make a special representation to the Football Association in order to keep the receipts from their storming FA Cup run. The cash-strapped club became the first in Premier League history to enter into administration last month after accruing debts in the region of £70m. Yet despite that, boss Avram [...]
Portsmouth handed new date after adjournment March 2, 2010 PORTSMOUTH will be back in the High Court later this month after the case brought against them by Her Majesty’s Revenue and Customs was adjourned yesterday. HMRC chiefs challenged the club’s decision to go into voluntary administration last Friday and also questioned the validity of Andrew Andronikou’s appointment as administrator. It was suggested that Andronikou, [...]
Portsmouth back in court after HMRC challenge March 1, 2010 DEBT-RIDDEN Portsmouth are due before the High Court again today after it was revealed Her Majesty’s Revenue and Customs had challenged their decision to go into voluntary administration. The Premier League club entered administration on Friday after failing to clinch a last-ditch takeover deal before yesterday’s scheduled winding-up order. Administrator Andrew Andronikou was informed of [...]