The European Union and Switzerland have signed a major accord to end banking secrecy for EU residents and prevent them from stashing undeclared income in Swiss banks.
Law firms should ensure they have an exit strategy to close down their businesses in line with proper procedures, the Solicitors Regulation Authority (SRA) has said after a series of related disciplinary hearings.
According to figures released by the British Bankers’ Association (BBA), 42,116 mortgages were approved for home purchases in April, up from the 39,203 approved in March, which is the highest number recorded since June last year.
HM Revenue & Customs (HMRC) is putting on a series of live webinars next month to help employers on various topics, such as how to avoid penalties, how to keep business records, how to account for expenses and using the department’s online system called Basic PAYE tools.
New legislation, which was announced as part of the Queen’s Speech, means that any future rise in the personal income tax allowance will be linked to rises in the national minimum wage.
The UK’s major accountancy firms are ahead of their peers elsewhere in the world when it comes to firm governance, the Financial Reporting Council has said.
HM Revenue & Customs (HMRC) is seeking to overturn a ruling by the Court of Appeal that upheld the claim of retailer Littlewoods, which is demanding a £1bn pay out for compound interest it says it is owed on tax refunds dating back 30 years.
A new tranche of businesses have been fined for failing to meet their auto-enrolment pension obligations
According to a recent poll conducted at the Great Retirement Money Debate (held by the Equity Release Council), many respondents believed that the Government had not effectively promoted the benefits of equity release as a source of retirement income.
The Solicitors Regulation Authority (SRA) has widened its definition of a ‘small firm’ by doubling the annual turnover limit from £200,000 to £400,000.