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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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Don’t be late with your tax return

Don’t be late with your tax return

The old £100 penalty has not proved to be the deterrent it was intended to be – too many tax payers are still filing late returns. Late filing of your self assessment tax return for 2010-11 will now be subject to a new penalty regime.

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Interest rates to rise next year?

Interest rates to rise next year?

Stuart Thomson the Ignis chief economist believes that UK interest rates won’t rise until 2013 despite the “window of opportunity” for a change in February next year.

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Is Inheritance tax back on the political agenda?

Is Inheritance tax back on the political agenda?

Few taxes attract the level of irritation that inheritance tax does. Maybe it is the element of double taxation or maybe it is the 40 per cent charge on assets over the nil-rate band.

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Index linked savings are back!

Index linked savings are back!

National Savings and Investments (NS&I) index-linked savings certificates are back on sale, offering a lifeline to savers who have seen their nest-eggs eroded by inflation – currently running at 5.3% as measured by the retail prices index.

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Payment protection insurance claim

Payment protection insurance claim

Banks gave up their legal fight to avoid compensating customers who were wrongly sold Payment Protection Insurance (PPI), and have had to set aside £billions in expectation of a claims deluge.

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Payment Protection Insurance (PPI)

Payment Protection Insurance (PPI)

The British Bankers’ Association (BBA) has announced it will not appeal the High Court’s ruling against its challenge to how payment protection insurance (PPI) compensation claims should be handled.

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The UK economy and small companies

The UK economy and small companies

A gap has emerged between the growth of small and large companies. A survey has shown that companies with less than 50 employees have reported less growth in profits than those with more than 250 employees. Small businesses are suffering from reduced margins, as many companies are still overall generating revenue growth.

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Super Injunctions – The Rights and Wrongs

Super Injunctions – The Rights and Wrongs

Super injunctions don’t usually fit within the financial world, having more of a place in the celebrity world, shielding those who wish to keep their ‘extra curricular activities’ from the worlds press.

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