Blog

  • Scale tipped in favour of small firms?

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    Chancellors presenting their Budgets often attempt to redistribute wealth from one group in society to another, stated a recent post-Budget AccountancyAge article, suggesting that this was the implicit rationale behind many of the corporate tax measures announced in the March 2016 Budget. The business tax roadmap, published on March 16th, provided...
  • How long before pension tax relief fills the ‘Black Hole’?

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    Before the March 2016 Budget there had been much speculation that the Chancellor was planning big changes to the tax relief on pensions. However, just before the Budget, the Treasury scotched rumours of such changes and subsequently there were no changes to pension savings tax relief in the forecast Budget. But then came the ‘Black Hole’ when the o...
  • Tax cuts now, payback later – what will the Budget of 2019 look like?

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    The Chancellor will need to reduce borrowing by £32bn in 2019-20 – the biggest ever annual cash consolidation – in order to meet his Budget surplus target by the end of parliament, according to a new post-Budget briefing report published by the Resolution Foundation. The Foundation’s post-Budget report shows how the Chancellor has chosen to respon...
  • A miserable turnaround in the fixed bond savings market

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    As far as the savings market was concerned, 2015 was the year of the challenger provider. Competition between them ramped up and average rates followed suit, and in turn, positivity started to make a welcome return to the market. However, this improvement was short-lived, as the latest Moneyfacts research, reporting in March 2016, shows a stark rev...
  • Will we get a fairer state pension deal for women?

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    A recent Saga article claims that the battle to give women a fairer deal over their state pensions scored a significant victory early in January, when it was the subject of a House of Commons debate. Although the debate had no power to directly alter government policy, it represented yet another important step in bringing the campaign into the publ...
  • Davos 2016: what you might have missed

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    The 46th Annual Meeting of the World Economic Forum took place from 19th January for four days in Davos, Switzerland. The main agenda was entitled “Mastering The Fourth Industrial Revolution”, with many of the delegates discussing the impact of rapid technological shift on many industries. The mood was uncertain – some might even say gloomy – with...
  • Three ways accelerated tax payments are likely to affect you

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    George Osborne announced last year that the tax system as we currently know it will be phased out by 2020, after the Treasury described the system of tax returns as “complex, costly and time-consuming.” In its place, a new digital system will be rolled out by the government which purports to be easier to use and manage for both individuals and busi...
  • Retirement ‘class of 2016’ owe less than last year’s

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    The amount of money owed by those planning to retire over the course of the next 12 months has fallen for the fourth year in row, according to the latest research by Prudential. This year’s retirees who still have debts owe an average of £18,800, a fall of £3,000 or 14% from last year and a drop of nearly £20,000 since 2012 when the average amount...
  • CML urges restraint on Stamp Duty proposals

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    Responding to the HM Treasury consultation on the 3% surcharge on Stamp Duty Land Tax (SDLT) proposals for second properties, the Council of Mortgage Lenders (CML) urges reform of the implementation plans to mitigate potentially negative impacts on the housing market as a whole. The CML view is that even without the new surcharge, the forthcoming...
  • Four key things to do before the end of the tax year

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    Whilst the cold weather and long nights might make the beginning of April seem a long way off, the final few months of the financial year always seem to fly by. It’s therefore a good idea to start thinking about the most important things to do before 5th April arrives and the tax year ends. To get you started, have a look through our top four tips...