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.
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.
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.
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.