File your tax return on time!

File your tax return on time!

In the past as long as you paid your tax liabilities on time and cleared any self-assessment tax due by 31 January, no late filing penalties were due. Even if you failed to pay your tax on time, late filing penalties were capped at £100 or nil if you were due a tax refund.

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Interest rate predictions

Interest rate predictions

The MPC’s latest decision was hold and a rise looks a long way off – despite figures showing (18 October) inflation had climbed to a new high of 5.2 per cent.

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FSA warnings over structured products

FSA warnings over structured products

Structured products offer a “guaranteed return” for a fixed time period usually dependent on the return of a number of financial stock indices. The regulator has revealed it worried the growing number of structured products is placing a strain on firms’ systems and controls.

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House prices turning?

House prices turning?

In October, the price of a typical home was 0.8 per cent higher than 12 months ago, taking average house prices to £165,650. Robert Gardner, chief economist at Nationwide, highlighted that given the “challenging economic backdrop”, the latest data is “encouraging”.

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