Budget 2021: Bank surcharge slashed but lenders still stung by higher taxes October 27, 2021 UK banks will still be stung by a higher tax rate on their profits even though Chancellor Rishi Sunak confirmed he will slash the bank surcharge. Sunak told the House of Commons today that the bank surcharge will drop to three per cent from eight per cent in 2023. However, the increase in the headline [...]
Budget 2021: Levy for property developers to fund removal of unsafe cladding October 27, 2021 Chancellor Rishi Sunak has reiterated plans for a levy for property developers to help create a fund to remove unsafe cladding. Speaking at the Budget, Sunak said property developers with profits over £25m will face a levy at a rate of 4 per cent. This will be used to help create a £5bn fund to [...]
Budget: Government risks lost generation of self-employed Brits, warns tax leader October 27, 2021 Ahead of the Budget today, the Chancellor has been urged to resist introducing further tax changes that offer ‘quick wins’ for the economy but deal long-term, or even permanent, damage to the UK’s self-employed workforce. After breaking a Conservative manifesto pledge in September by announcing the social care levy, which will see national insurance and [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses October 27, 2021 Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glen, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses – CityAM : CityAM October 27, 2021 Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glenn, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
How Fiat will get Minimized or Replaced Leading to Evolutionized Forms of Government October 26, 2021 Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are [...]
Hybrid working: Discrimination and lack of career progression vs banter and lunches October 26, 2021 Hybrid workers embrace anytime working and say their office culture has changed forever. While many workers have reaped the benefits, working from home has not been a smooth transition for everyone. Concerns over discrimination, career progression, and noise weigh on employees’ minds. Also the lines between anytime working and being ‘always on’ are blurring with [...]
Strong earnings lift sentiment and boost London markets October 26, 2021 A string of strong corporate earnings boosted investor sentiment and lifted London markets this morning. The capital’s premier FTSE 100 index climbed 0.75 per cent to 7,277.19 points, while the mid-cap FTSE 250 rose by the same amount to hit 23,113.57 points. More to follow.
Why you need to train your staff to be cyber safe October 26, 2021 One of the challenges facing businesses in the post-pandemic era is how to ensure remote workers can safely access the corporate network without creating a cybersecurity risk. Allowing employees to use personal devices or insecure home wi-fi connections to access sensitive company data creates potential weak spots for unscrupulous cyber criminals to target. In fact, [...]
The power of inspirational leadership October 26, 2021 The CA Summit sponsored by Markel Tax returned for an event split across three days starting on 5 October, which brought together the brightest minds from the worlds of finance, academia, and the technology industry to deliver a series of challenging, thought-provoking and truly motivational seminars to inspire ICAS Members around the globe. Power to the people [...]