A chance to build Britain’s answer to Luxembourg September 25, 2011 IT IS clear that one of the things the UK needs most right now is new jobs. Real, private sector jobs. And above all in the regions away from the southeast of England. This month, the ONS has reported the largest increase in unemployment in nearly two years, as the number of people unemployed in [...]
Successful entrepreneurs’ advice on how to ride out the three-year glitch September 25, 2011 STARTING a business is not easy. It’s a monumental decision like getting married, buying a house or having children. So much energy goes into getting it off the ground in the first year that it seems odd to focus on the third. But the third year really does matter. It’s a decisive year when most [...]
It’s time to abolish the 50p tax rate September 8, 2011 THERE are many reasons why the top 50p rate of tax should be axed. It sends a message that the UK doesn’t like successful people; it has made Britain less competitive in the race for talent and capital; and the job losses and reduced economic growth it will cause means that the overall revenue raised [...]
It’s time to abolish the 50p tax rate September 7, 2011 THERE are many reasons why the top 50p rate of tax should be axed. It sends a message that the UK doesn’t like successful people; it has made Britain less competitive in the race for talent and capital; and the job losses and reduced economic growth it will cause means that the overall revenue raised [...]
British tax probe after HSBC leak September 4, 2011 THE taxman is investigating the affairs of around 800 wealthy British HSBC clients who held money in Swiss bank accounts after their names appeared on a leaked computer disc. HM Revenue & Customs (HMRC) could raise hundreds of millions of pounds from the probes, which were launched after the details of 7,000 British clients were [...]
Government has lost £27.4bn in tax payments since 2006 August 24, 2011 HER MAJESTY’S Revenue and Customs has missed out on collecting £27.4bn in tax revenues thanks to reductions and write-offs over the last five years, according to research out today. Lost income tax alone accounts for a massive £4.4bn over five years, and the amount of this tax failing to make its way into the government [...]
Sisu Capital sees second annual loss as fee income falls August 14, 2011 JOY Seppala’s secretive hedge fund Sisu Capital posted a £434,000 net loss for the year to the end of March after being hit by a huge tax charge by HMRC, accounts show. Sisu Capital, co-founded 14 years ago by Seppala and business partner Dermot Coleman, posted a £272,300 loss before tax, slightly better than the [...]
Millions in Britain don’t have a pension August 10, 2011 RESEARCH undertaken by Baring Asset Management (Barings) released exclusively to City A.M. estimates that 13.6m, or 38 per cent of British adults, don’t have a pension. This is worrying, as pensions remain the best option for those looking to hang up their working boots before popping their clogs – and the sooner you start the [...]
Tories mull cutting 50p tax rate August 4, 2011 Chancellor George Osborne and senior Tories are considering cutting the 50p top rate of income tax once HMRC completes its review of the revenue the higher tax band brings in. Senior Tories are backing a cut in the rate to 45p, citing Treasury analysis showing that about 70 per cent of revenue would come from [...]
Taking Aim to pass on your wealth August 3, 2011 WRONGLY written off as too risky by many, investing in a managed Alternative Investment Market (Aim) portfolio can be a powerful weapon in the arsenal of avoiding paying more inheritance tax (IHT) than you need. APATHETIC ADULTS Investec has exclusively released the details of a new study to City A.M. that reveals just one in [...]