HMRC’s average take from investigation into small businesses and individuals rises to £18,400 February 23, 2022 HMRC has increased its take from investigations into individuals and small businesses to an average of £18,400 per investigation, up from £17,500 last year, according to new data shared with City A.M. this morning. HMRC is looking to extract as much as they can from investigations as they seek to make up for revenue lost [...]
McLaren in IndyCar: How the papaya team are looking to break America February 22, 2022 When racing gets underway at the 2022 IndyCar season opener in St Petersburg, Florida, on Sunday it will herald a new era in motorsport for McLaren Racing. The British outfit and offshoot of the luxury carmaker, better known for their Formula 1 success, are embarking on their first season as majority owners of Arrow McLaren [...]
Buy-to-let investors profit taking boosts CGT take to record level February 22, 2022 Buy-to-let investors taking profits on their properties has propelled capital gains tax (CGT) receipts to their highest ever level, revealed official figures published yesterday. The Treasury received 20 per cent more income from capital gains tax last year, with receipts climbing to £12.9bn from £10.8bn from the previous year, according to HMRC. A red hot [...]
Facebook ‘Reels’ goes global as it tries to keep up with TikTok and attract creatives February 22, 2022 Facebook has announced that it will be expanding the availability of its Reels for iOS and Android to more than 150 countries, widening the reach of its copycat TikTok feature. The Reels feature was first introduced at the end of last year and the tech firm’s new strategy hopes to help creators earn money from their Reels [...]
£13bn in a year: Entrepreneurs selling businesses and assets cause capital gains tax bills to jump 20 per cent February 22, 2022 The UK’s Capital Gains Tax bills jumped 20 per cent from £10.8bn to a record high of £12.9bn in the past year, according to new research shared with City A.M. this afternoon. The increase is primarily due to a rise in tax on entrepreneurs selling businesses causing The value of capital gains in the UK [...]
Here Before review: Andrea Riseborough shines in tense drama February 22, 2022 British star Andrea Riseborough has made thirty films in the sixteen years since her movie debut, fitting in a variety of projects. A fine supporting player in big names like Oblivion or Birdman, it’s smaller films such as horror-thriller Mandy or drama Luxor that allow her to really shine. The latest in that line is [...]
The Forest at Hampstead Theatre is a fascinating puzzle-box February 21, 2022 Were it not for the involvement of award-winning French playwright, novelist and film director Florian Zeller, The Forest might have flown under the radar as a stylish but straightforward psycho-drama. That would have been a shame, because this is a play more delicate and layered than its elevator pitch might otherwise suggest. It first presents [...]
Sam Torrance: Fearless Joaquin Niemann is part of a classy new guard February 21, 2022 Joaquin Niemann has long been tipped for the big time, the former world No1 amateur mentioned alongside Collin Morikawa and Viktor Hovland as stars of the next generation. Were it not for the extraordinary success enjoyed by two-time major winner Morikawa and world No4 Hovland, Niemann’s own very promising first few seasons as a professional [...]
Time to build some houses for the sake of London’s future February 21, 2022 Some years ago, a small group of twitter warriors coalesced around a single campaign slogan – build some bloody houses. As ever with social media trends, the energy and enthusiasm has now lagged, but the point is as relevant as ever. Last year the average house increased in price by around the same as the [...]
Schools sound alarm over ‘Tinder for teens’ app February 20, 2022 Schools and campaigners have warned against a new social media platform, Yubo, which an investigation has shown is exposing children to abuse. The “Tinder for teens” app allows children aged 13 to 17 to match with dates and join video calls of hundreds of people. A Sunday Times investigation found that there was no age [...]