London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
Cash Isa vs stock market Isa: which has returned the most? April 2, 2019 Saving money into a stocks and shares Isa over the last 19 years would have returned two-thirds more than a cash Isa, according to calculations by Schroders. The stocks and shares Isa carries more risk and is subject to greater volatility than the cash Isa, which also provides far greater protection for your investment. You [...]
London-listed Goals Soccer Centre suspends trading due to historical accounting errors March 27, 2019 London-listed football pitch operator Goals Soccer Centres has suspended trading in its shares following a “substantial misdeclaration of VAT” totalling approximately £12m. In a statement released this morning, the company – which counts Sports Direct as its biggest shareholders – said that “historical accounting errors” meant it could not be clear on its exact financial position, [...]
HMRC doubles number of investigations into apprenticeship levy underpayments March 25, 2019 The number of investigations by tax authorities into underpayment of the apprenticeship levy has more than doubled in a year. HMRC launched 84 investigations last year collecting an additional £6.2m, according to research by accountancy group UHY Hacker Young. Read more: Apprenticeship levels up on last year but still hampered by 2017 levy There is concern that [...]
House transactions edge up despite Brexit uncertainty denting Spring bounce March 21, 2019 Signs of growing activity in the UK housing market have emerged this morning, with new figures signalling a potential change in tune among buyers who have so far been holding off on deals in the run-up to Brexit. A modest rise in property transactions last month has industry experts noting that some buyers are choosing not [...]
Emojis are a better metric for national wellbeing than traditional data methods March 20, 2019 HMRC’s programme to make tax digital continues to roll out. Anyone with a small business will know about the imminent deadline of 1 April, when VAT returns become digital. Quick to seize an opportunity, several companies have developed software to ease the task. The digitisation of tax raises the wider issue of whether technology will [...]
Home-buying or retirement: What are Lifetime Isa savers planning to use their money for? March 20, 2019 When then chancellor George Osborne announced that the government would launch the Lifetime Isa in 2017, the industry was stunned. Designed for people under 40 to either save for retirement or for a home, few people saw this hybrid product coming. Alongside concerns that the Isa could distract from the new workplace pension scheme, a lot of [...]
HMRC demands professional services firms hand over information on clients suspected of tax evasion March 19, 2019 HM Revenue and Customs (HMRC) has issued nearly 1,500 demands to professional service firms for more information on clients suspected of tax evasion, a law firm has found. The taxman issued 1,414 requests to accountants, lawyers and other professional services firms in the year up to 31 March last year for information on clients that [...]
Spring Statement 2019: How investors can profit March 14, 2019 By Jemma Jackson from interactive investor. There were no bunnies in the chancellor’s hat, but here are the ways investors can benefit this spring. As predicted, Brexit uncertainty torpedoed any chance of good news for the UK’s savers and investors in Chancellor Philip Hammond’s Spring Statement. We hear there’s a ‘deal dividend’ of £26.6 billion, [...]
Raising corporation tax may seem like a vote winner, but it makes all of us poorer March 14, 2019 Last year, parliament passed a law requiring the UK’s overseas territories (OTs) – including Bermuda, the Cayman Islands, and the Virgin Islands – to publish lists of the “beneficial owners” of the companies registered in them. The sponsors of the law claimed it was a crime-fighting measure. Conservative MP Andrew Mitchell justified the law by [...]