The over-55s, who can access their pension pots under new rules brought in this tax year, are being warned that buying property in order to let it as an investment for their old age is not necessarily a ‘silver bullet’, as they will probably have to withdraw more than 25 per cent of their pot
New regulations have reduced the burden of financial reporting and audit obligations for smaller companies.
The latest figures for Britain’s economy have revealed that the recovery rate slowed to 0.3 per cent during the first quarter of 2015, despite experts’ earlier predictions that growth would be 0.5 per cent.
They are the very definition of a public holiday. But the 144 year-old tradition of banks closing to give us all a day off may be on the way out.
According to Bertelsmann Stiftung, a German think tank, an exit from the EU would have a worse impact on Britain than any other EU nation.
HM Revenue and Customs (HMRC) has extended its efforts to inspect the financial status of some of Britain’s wealthiest taxpayers through its “Rising Stars” team, which actively seeks to track their activities.
More than 30 per cent of Britons who donate to charity do so by text message, with 61 per cent of those who donate doing so through online giving websites, according to a study by online shopping scheme Give as you Live.
Changes from the start of this tax year mean that Britons living abroad are now subject to Capital Gains Tax (CGT), whereas before the new legislation was introduced on April 6, it was possible for expats to sell their property tax-free before returning home.
More than 12,000 people have registered for free online courses backed by the Government and run by the Digital Business Academy, which offers non-technical business skills, such as marketing, to start-up founders.
Law firms are increasingly finding that consumers want their advice free of charge.