How much will EUR bailout cost you?

How much will EUR bailout cost you?

Each household in the country will be contributing nearly £5,000 if Britain had to stump up £115billion for euro bailouts. There are fears the International Monetary Fund’s (IMF) £250billion war chest are horribly insufficient to save countries.

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Terraced homes as the best investment?

Terraced homes as the best investment?

The average price of a terraced house has risen faster than any other type of home over the last decade, a report reveals. Between 2001 and 2011, the average terrace has shot up by 68 per cent in value, overshadowing the performance of bungalows and flats.

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HMRC are moving to close the tax gap

HMRC are moving to close the tax gap

HM Revenue & Customs (HMRC) has vowed to clamp down on tax avoidance and close a £35 million tax gap. The tax gap, what is owed minus what is actually collected, has reduced slightly in 2009/10 to £35 billion, or 7.9% of liabilities compared to 8.1% in 2008/09.

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VAT registration crackdown

VAT registration crackdown

HMRC are of the opinion that there are a number of businesses that should be registered for VAT, and so far, they have not registered. They are in the process of sending out 40,000 letters to traders who they believe may be in this category.

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Offshore tax evasion day are numbered

Offshore tax evasion day are numbered

The Government has signed an agreement with Switzerlandthat will see UK taxpayers with funds in Swiss bank accounts pay 48 per cent tax on investment income, 40 per cent on dividends and 27 per cent on gains.

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New tax raid on the wealthy?

New tax raid on the wealthy?

The Treasury has vowed to clamp down on tax avoidance by the wealthy with the recruitment of 2,250 tax inspectors to target the country’s wealthiest people.

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Interest rates rise predictions

Interest rates rise predictions

The MPC’s latest decision was ‘hold’ and a rise looks a long way off. In fact, the focus has turned back on to whether the Bank of England will return to money printing rather than when it might increase borrowing costs.

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House sales drop back to 2009 levels

House sales drop back to 2009 levels

The number of property sales per surveyor over the three months to August dipped slightly to an average of 14, taking transactions back to 2009 levels, according to the Royal Institution of Chartered Surveyors.

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