News Archive

UK Parliament To Decide On New Tax Evasion Offense

A new corporate offense for failing to prevent tax evasion is expected to get its first reading in parliament this week, says Pinsent Masons, the international law firm.

IBM finds 65% of banks expect to have blockchains underway in three years

Some 15% of banks and 14% of financial market institutions interviewed intend to implement full-scale, commercial blockchain solutions in 2017

Revealed: Amber Rudd was 'director' of two offshore firms

Amber Rudd was once the director of two companies based in the offshore tax haven of Bahamas, leaked documents have revealed. The Home Secretary was a director of Advanced Asset Allocation Management and Bahamian firms Advanced Asset Allocation Fund between 1998 and 2000.

Mark Carney defends Bank of England's warnings and response to Brexit vote

Contingency plans adopted by the Bank helped soften the Brexit impact, governor tells MPs.

Cash savings may be at record highs but Natwest's 0.01% ISA sums up savers' misery

Bank of England's August rate cut has seen banks and building societies slash ISA rates to near negligible levels.

£2,000 hit for contractors who use limited companies to pay less tax

Self-employed contractors will pay an additional £2,000 in tax for an £80,000 contract under new dividend tax rules introduced in last week’s Budget.

UK banks face 'messy and inefficient' conundrum after Brexit vote

UK and European banks face uncertainty over what might have to be renegotiated post-Brexit.

'Dear Sir, thank you for your tax': HMRC starts to send 'thank you' letters to taxpayers despite keeping them on hold for four million hours

HM Revenue and Customs has started to send thank you letters to members of the public who pay their tax on time, as it emerged that they spent four million hours last year on the telephone waiting for an answer.

No more tax dodging? Britons 'should pay UK taxes wherever they live in the world'

All British passport holders should pay full UK tax regardless of where they live in the world, in a move that would slash tax-dodging scandals and make the system fairer, according to the Chartered Institute for Securities and Investment (CISI).

UK goods trade deficit narrower than forecast in May

Britain's goods trade deficit was much smaller than expected in May after heavy downward revisions to the previous month's deficit, suggesting some improvement in Britain's trade position was underway before last month's vote to leave the European Union.

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