Mark Kleinman: Summit’s up with flagship Labour conference September 12, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.
Bank of London shakes up City advisers after row with taxman September 9, 2024 The Bank of London launched an emergency effort to contain the controversy surrounding the fintech over the weekend as it was hit with a winding-up petition over unpaid taxes shortly after its chief executive stepped down.
Small business tax evasion costing HMRC billions as ‘significant gaps’ persist September 9, 2024 Small business tax evasion has caused the UK to lose billions of pounds of revenue a year as "significant gaps" in the UK's tax authority's strategies persist.
The Bank of London reveals £42m fundraise days after winding-up order from HMRC September 8, 2024 Fintech ‘unicorn’ the Bank of London has announced a £42m injection of funding today after a tumultuous week in which it was hit with a winding-up order and revealed its chief executive was stepping down. In a statement, the specialist clearing bank, one of only two to be created in the UK in the past [...]
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.
Bad data holding back lending to UK’s small businesses, fintech chief warns September 6, 2024 High street banks are keen to lend more to small businesses but being held back by poor data sharing, the head of of a government-backed fintech hub has said, hailing the sector's potential to boost UK economic growth.
Non-dom policy change could lead to ‘exodus’ of wealthy investors, study finds September 4, 2024 Planned changes to the non-dom tax regime could trigger a “mass exodus” of wealthy investors from the UK, costing the taxpayer around £1bn by the end of this parliamentary term, a new report has warned. The study from Oxford Economics, which polled 72 non-doms and over 50 tax advisors, found nearly two thirds of people [...]
Rugby commentator Stuart Barnes loses £700,000 IR35 case against HMRC August 29, 2024 Former Sky Sports rugby commentator Stuart Barnes is the latest celebrity to be stung by IR35 after a top tax Tribunal overturns his appeal to foot a near £700,000 bill to HMRC.
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Britain missing out on billions of crypto tax revenue as HMRC fights back August 27, 2024 The UK could be missing out on billions in tax revenue from crypto investors that is currently going unreported. As Norwegian tax returns are public, recent research from Norway was able to find that 88 per cent of all Norwegian crypto investors fail to declare their holdings. While each tax-avoiding investor owed on average between [...]