Are Markets predicting a rate rise in August 2012?

Are Markets predicting a rate rise in August 2012?

The UK money market is pricing in a first UK interest rate hike for August 2012, says Mike Riddell, the manager of the M&G international sovereign bond fund.

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Small firms could benefit from simpler accounting rules

Small firms could benefit from simpler accounting rules

Up to 1.5 million small UK firms could benefit from proposed changes to the accounting rules after EU ministers reached a new agreement earlier this week.

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Take care on your private medical insurance

Take care on your private medical insurance

Thousands of people are being forced to pay unexpected hospital bills because of gaping holes in their medical insurance.

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Are you claiming the new higher mileage rate?

Are you claiming the new higher mileage rate?

Don’t forget that from 6 April 2011 the HMRC approved amount you can claim for the business use of your own car is 45p per mile (previously 40p per mile). The 45p rate applies to the first 10,000 business miles claimed in a tax year, after that the rate reduces to 25p per mile.

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Base rate remains unchanged

Base rate remains unchanged

The Bank of England bank rate has been held at 0.5 per cent for the 27th month in a row and quantitative easing stays at £200bn. The last rate change was on March 5, 2009, when it was reduced from 1 per cent to 0.5 per cent.

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Tax evaders better watch out

Tax evaders better watch out

HM Revenue & Customs says it has uncovered 500,000 people with money in offshore tax havens who could face severe financial penalties if they have used them to evade tax.

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House prices set to rise?

House prices set to rise?

The UK property market has hit the bottom and will begin to turn around ahead of Christmas, it is claimed . But the recovery will be slow rather than a return to boom and bust, according to the Centre for Economics and Business Research.

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HMRC set up task force for tax dodgers

HMRC set up task force for tax dodgers

A new task force to tackle tax dodgers was announced recently by HM Revenue & Customs (HMRC). The first task force will focus on the restaurant trade, targeting businesses in London over the coming weeks.

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HMRC crackdown on offshore accounts

HMRC crackdown on offshore accounts

HM Revenue and Customs (HMRC) has discovered half a million UK residents with offshore bank accounts as part of a crackdown on tax avoidance.

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Big brother is watching property purchases

Big brother is watching property purchases

Later this year your solicitor, or property conveyance person, will be required to file new forms with the Stamp Duty Land Tax Office when you buy a property.

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