Markets bounce back, with wannabes storming out in front as Cardano hits all-time high May 6, 2021 Cryptocurrencies rallied again yesterday, with Bitcoin (BTC) up about four per cent over the last 24 hours. It’s currently changing hands at around the $57,000 level.
Markets stumble but Doge continues climb ahead of Musk’s SNL appearance May 5, 2021 Bitcoin and Ethereum stumble, Doge continues climb ahead of Elon Musk’s appearance on Saturday Night Live.
Ethereum extravaganza continues as Bitcoin falters May 4, 2021 Ethereum continues to dominate headlines, rising another three per cent over the past 24 hours as Bitcoin retreats to $56k.
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
HMRC repays overtaxed pensioners £716m in six years April 30, 2021 Savers overtaxed on pension freedom withdrawals have reclaimed £716m since 2015, when changes were introduced that allowed savers to flexibly access their pensions. The overtaxation occurs when someone accesses their retirement ‘flexibly’ for the first time in a tax year – which can include taking income via drawdown or withdrawing ad-hoc lump sums – HMRC [...]
BNB notches $600 and market ‘prices in’ Cardano’s Africa announcements as Bitcoin sits back April 30, 2021 Bitcoin looks to be sitting this one out as the market reacts to Cardano's huge announcement, while BNB ploughs through $600.
Week in Sportbiz: Taxman cometh for football (again); BT Sport; Simone Biles; social media boycott; and NHS x NFL draft April 29, 2021 HMRC has cashed in by increasing scrutiny of the football industry, so perhaps it should be no surprise that the taxman has begun a new crackdown on players and clubs. Investigations into footballers almost tripled in 2019-20, while those concerning clubs more than doubled. The result was an increase from £35m to £73m in tax [...]
Number of Brits on furlough falls by 1m as lockdown eases April 29, 2021 The number of UK workers on furlough fell by more than 1m this month following the first easing of Covid-19 lockdown measures. Official figures published today showed the proportion of the workforce on furlough dropped from 17 per cent to 13 per cent as of 18 April. This equates to roughly 4.3m workers on furlough [...]
HMRC: We’re not clamping down on crypto April 29, 2021 Government tax officials say they are not gearing up to crack down on people’s cryptocurrency assets, despite widely circulated rumours this week.
HMRC set to crack down on tax evaders’ crypto assets April 28, 2021 The recent surge in interest and value in cryptocurrencies is likely to lead to increased scrutiny on its links to organised crime, according to a top accountancy firm. The organised crime ecosystem is becoming increasingly digital and now there are concerns it is being used by tax evaders. HMRC is set to demand data on [...]