UK raids Swiss bank accounts October 25, 2010 THE UK and Switzerland have struck a historic deal, which will see over 15,000 Britons with Swiss bank accounts pay billions extra in tax. Under the landmark agreement, which was thrashed out yesterday afternoon, the Swiss government will impose a so-called withholding tax on the interest earned by all British depositors. It will hand over [...]
GT reveals non-executives September 8, 2010 GRANT Thornton (GT) has become the first large accounting firm to comply with new governance rules by revealing its new non-executives. The three non-executives are Richard Eyre, chairman of the Eden Project; Caroline Goodall, a consultant to law firm Herbert Smith; and Ed Warner chairman of UK Athletics. The UK’s biggest eight audit firms – [...]
CITY MOVES | WHO’S SWITCHING JOBS October 6, 2010 Nomura Former RBS chief market strategist Bob Janjuah (pictured) and chief markets economist Kevin Gaynor have resurfaced at the Japanese investment bank, where they take up the roles of co-heads of cross asset allocation strategy. Perma-bear Janjuah made the headlines weeks before Lehman Brothers collapsed back in 2008, when he predicted the economic crisis. Geoff [...]
How to deal with an HMRC letter September 9, 2010 LETTERS have started to drop onto the doormats of Britons advising them that they did not pay the correct amount of tax through the pay as you earn (PAYE) system during the tax years 2008-10. Those affected are likely to be those with complex streams of income. The government argued that the state of the [...]
How to deal with an HMRC letter September 9, 2010 LETTERS have started to drop onto the doormats of Britons advising them that they did not pay the correct amount of tax through the pay as you earn (PAYE) system during the tax years 2008-10. Those affected are likely to be those with complex streams of income. The government argued that the state of the [...]
TITANS OF BUSINESS SET TO CLASH AT GOODWOOD REVIVAL FESTIVAL September 16, 2010 THE LOVE affair between businessmen and their fast cars is certainly alive and kicking. This weekend marks the Goodwood Revival historic motorsport and aviation festival, as over 132,000 attendees prepare to head down to Sussex for two days of immersion in classic cars and planes. And The Capitalist hears that among those competing on the [...]
TIME TO PAY June 3, 2010 Q. What is the “time to pay” scheme and how does it work? A. The “time to pay” scheme is a long-standing tax deferral scheme by HMRC that was not widely known prior to 2008, when the government re-launched it as part of a package of recession-busting measures. It allows businesses to delay paying a [...]
CITY MOVES | WHO’S SWITCHING JOBS February 18, 2010 ETX Capital The financial spread betting firm has appointed John Wilson, the outgoing chief executive of the London Stock Exchange’s dark pool trading facility Baikal, as its new executive chairman. Wilson leaves following the LSE acquisition of Turquoise, having spent two years at Baikal. Meanwhile, Andrew Edwards, formerly managing director and trading director at ETX, [...]
Aim growth forecast in 2010 as market hits four year low January 24, 2010 THE number of firms listed on the Alternative Investment Market (Aim) fell in 2009 to its lowest level in over four years, after the combined impact of low share prices, illiquidity and fundraising difficulties prompted a slew of delistings during the crisis. Last year saw 293 firms leave Aim, according to accountancy firm Baker Tilly. [...]
PANTHER BOSS ON A TRIP INTO NOSTALGIA April 26, 2010 ANDREW Perloff, the eccentric chairman of property firm Panther Securities, has something of a cult following among City investors due to his penchant for using company results statements as an excuse to reminisce at length about life’s little quirks. But yesterday’s final results announcement was a corker even by Perloff’s own standards, ranging from fervent [...]