Multiple ‘dashboards’ to give savers access to pensions data, first planned for next year December 3, 2018 The government has confirmed it will introduce multiple so-called pension dashboards, with the first hoped to come into effect next year, giving savers the ability to access access their pension information for several schemes at once on their smartphone. Publishing a consultation on the measure this morning, however, the government could not confirm state pensions would be included. But pensions [...]
City Moves for 30 November – who’s switching jobs at DWF, Legal & General and Relendex? November 30, 2018 DWF DWF has appointed regulatory specialist Richard Burger as a partner in its regulatory, compliance and investigations team in London. Richard joins from corporate and insurance firm Reynolds Porter Chamberlain (RPC). Richard has 20 years’ experience in UK and international regulatory enforcement, criminal and internal corporate investigations. A former regulatory enforcement lawyer with the FSA [...]
Finally, the inheritance tax system is getting cleaned up – here’s what you need to know November 28, 2018 Inheritance tax (IHT) is not a modern phenomenon – in fact, the first “death tax” dates back to the late 1700s. Since then, IHT has been tweaked and amended, adding layer upon layer of rules. Now, in 2018, we’re caught in a system that is ridiculously confusing, riddled with legacy issues, and in desperate need [...]
Over a third of companies totally in the dark about HMRC’s controversial new tax scheme November 25, 2018 Following a call by the House of Lords to delay the government’s rollout of a key new tax policy, a survey has found over a third of businesses have not even heard of the scheme. With just over five months until the deadline for companies to digitise their VAT tax processes as part of the [...]
UK’s customs system would not work properly for two years in no-deal Brexit, MPs told November 21, 2018 A 'no deal' Brexit would see the UK without a fully functioning customs system for two years, MPs were told on Wednesday. Senior officials from HM Revenue & Customs told the Treasury committee the moment to start planning for the talks collapsing passed months ago" in a sobering warning. MPs heard the UK would struggle [...]
Max fac is back to help solve Irish backstop worries, Downing Street reveals November 20, 2018 Theresa May is reviving plans to use technology to prevent a hard border with Ireland in a bid to win support for her under-fire Brexit deal. The so-called maximum facilitation proposal – dubbed ‘max fac’ – was one of the customs arrangements considered by the Government last year before being dismissed. It has support among [...]
City Moves for 13 November – who’s switching jobs at 23 Capital, Ayming and Howard Kennedy? November 13, 2018 Who’s switching jobs today? 23 Capital 23 Capital, a leading capital and solutions provider to the Sports, Music and Entertainment (SM&E) sectors headquartered in London, has announced the appointment of Jack MacDonald as the Head of Music and Entertainment Origination for the UK. Jack joins 23 Capital’s global team of music and entertainment specialists who [...]
UK distilleries on the rise as craft spirit craze continues November 12, 2018 The number of distillery businesses in the UK soared 30 per cent in a single year as demand for craft spirits grows, according to figures published today. Distilleries rose in number from 131 in 2016 to 170 in 2017, reflecting an increased appetite for unusual flavours and local spirits produced by boutique distilleries. Accountancy firm [...]
Break the chain: Spotify backers fund estate agent Nested November 11, 2018 An estate agent that helps homeowners buy their next property chain-free has received £120m from the backers of Spotify, Betfair and Revolut. Nested gives homeowners a cash advance of up to 94 per cent of their property’s value, allowing them to buy a new home before completing a sale. The rest of the value is [...]
The government is finally turning its attention to the housing crisis, but what’s missing? November 8, 2018 There's no question that the housing market is in need of drastic reform. So it was welcome news last week when the chancellor announced that the government was turning its attention to reforming the supply side of the market through a £500m Housing Infrastructure Fund and British Business Bank guarantees for SME house builders. In broader terms, there seems to [...]