HMRC pushes back

Following breaches in the Banking Code of Practice on Taxation, retrospective tax legislation is to be introduced.


Paying the piper….

HM Revenue & Customs have now started to issue the £100 penalty notices to those people in self-assessment that did not submit their return by the deadline of 2 February 2012.


Global Investment Banking Revenue to Drop 4%

The analysts upgraded their estimate for fixed-income, currencies and commodities sales to a 13 percent drop for the first quarter from a decline of 26 percent after a “material improvement” at the start of the year, the analysts said, while t


Adviser confidence starts to rise

Advisers are feeling more confident about the UK economy but unemployment and government spending cuts are of growing concern, according to Skandia’s latest Adviser Confidence Barometer.


Learning a lesson from the Americans

Following my comments about the missing financial infrastructure in the UK, I was recently comparing the US banking and financial structures with our own.


Looking beyond the Greek tragedy

Central banks continue to ease policy and risk appetite amongst investors has increased. In the very near term however we remain somewhat wary that markets have rallied too strongly and that further profit taking and lower markets are quite possible.


More pension tax changes to come?

As we predicted in our last Weekly Tax Brief, higher rate tax relief for pension contributions is once again in the firing line.


Don’t shoot the goose

No reasonable person contests the idea that we should all pay our proper dues. Nevertheless, in a week when it has emerged that HMRC wrote off £10.9 billion last year (with the Treasury expressing ‘some surprise’ according to the Public


Bear trap for bankers backtracking on bonuses

However the general public feels about Stephen Hester’s bonuses, the taxman is probably also taking a close interest. Could a bonus be taxable despite a decision to waive it?