Treasury revokes Moscow Stock Exchange status as ministers look to cut off funding April 19, 2022 The Treasury has announced plans to revoke the Moscow Stock Exchange’s recognised status today as ministers look to further cut off funding from flowing into Russian firms.
Taxman ramps up asset confiscation amid Covid-19 fraud boom April 18, 2022 HMRC has confiscated assets worth £39m in around a year – a more than 700 per cent increase from 2020. The confiscations, made via account forfeiture orders over the past 11 months, dwarf that of the £4.8m the taxman snagged a year prior, according to law firm RPC. It comes as HMRC ramps up its [...]
Three Senior Tech Roles to Apply For This Week April 14, 2022 Moving up to a senior role takes some consideration: you may be at the top of your game intechnical terms and a complete whizz at what you do, but it’s worth considering that making thetransition from a team member to a leadership position needs a bit of careful consideration. To prepare, you could ask for [...]
Top traded stocks within stocks and shares ISAs April 12, 2022 As the new tax year commences, we look at why you should make the most of your ISA allowance within an IG stocks and shares ISA and dig into the most popular shares in IG clients’ stocks and shares ISAs. Utilising your ISA allowance The new tax year is almost upon us and with this [...]
Lorry drivers carrying fresh meat stuck in 24 hour queues April 10, 2022 British lorries carrying perishable goods want to be prioritised at the port of Dover as enormous queues spoil products.
Explainer-in-brief: Downing Street’s non-domicile resident April 8, 2022 The latest in a string of bad news for the chancellor’s PR team post-spring statement is, unfortunately, his other half. Akshata Murty, the daughter of an Indian billionaire, has apparently been claiming non-domicile status since she moved to the UK in 2015. This means Murty pays tax on money earned in the UK, but not [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
The City’s Purple Pay called out by HMRC for promoting tax avoidance April 7, 2022 The City’s Purple Pay has been named and shamed by HM Revenue and Customs (HMRC) for promoting tax avoidance schemes. The taxman has revealed the names of companies which have promoted schemes to avoid paying tax for the first time today, warning users that they could face “large tax bills” unless they withdraw from them. [...]
Is the taxman coming for your digital assets? April 4, 2022 John Hood of Moore Kingston Smith examines the HMRC's closer scrutiny of crypto assets and the OECD's framework.
Exclusive: HMRC to crack down on cabbies and taxi drivers with new tax checks before licence renewal April 4, 2022 HMRC is launching a crackdown on taxi drivers, mini cab drivers and scrap metal merchants from April, with the introduction of new tax evasion checks, City A.M. has been told. The introduction of a number of new tax evasion checks will allow HMRC to further scrutinise workers in what it sees as ‘high risk’ sectors [...]