A new UK ISA will give British savers a share in our country’s future prosperity April 9, 2024 As we mark the 25th anniversary of the ISA, the government is planning to expand the tax free savings offer to give more people a stake in out country’s success, says Bim Afolami It’s a little-known fact that the majority of ISA holders earn less than £30,000 per year. Not just a tool for the [...]
British family sells $10m Van Gogh to avoid rise in capital gains tax February 26, 2021 A British family are selling a Vincent Van Gogh drawing for a record breaking $10m (£7.1m) to avoid a potential rise in capital gains tax in next Wednesday’s budget. Thomas Gibson, a London art dealer, and his three sons have decided to sell the Van Gogh alongside seven other works, including art by Lucian Freud [...]
‘Magnificent’ Hyde Park penthouse on sale for £60m August 13, 2024 A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
HMRC digital transition set to cost £1.3bn – four times over budget – MPs warn November 25, 2023 Transitioning HMRC to a digital system is now expected to cost as much as £1.3bn - and has gone four times over budget, MPs have warned.
Pirelli: ‘Strong’ UK price rises helps sales near £500m at tyre giant September 30, 2024 The UK arm of Pirelli has said “strong” price rises helped its sales and pre-tax profit accelerate during its latest financial year. The company has reported a turnover of £471.3m for 2023, up from the £419.3m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £11.5m to £14.3m [...]
Why launch an AIM VCT now? First in 17 years debuts September 19, 2024 The first venture capital trust focused on the AIM market in 17 years has been launched by Puma, despite fears over the strength of London’s junior market. AIM stocks have not performed well in recent years, with its index falling 40 per cent over the last three years, compared to a 21 rise in the [...]
Sir Martin Sorrell: Labour’s working week reforms won’t help firms September 17, 2024 British businessman Sir Martin Sorrell has said that altering the working week will not boost productivity in the UK, pushing back on Prime Minister Keir Starmer’s pledges to transform Britain’s work culture.
Rishi Sunak mulls over a UK corporation tax hike in March Budget January 18, 2021 Rishi Sunak is reportedly considering raising corporation tax in the upcoming March Budget in a bid to pay off some of the UK government’s Covid spending bill. The chancellor is also now expected to increase business support in the 3 March Budget by extending the furlough scheme and Covid business loan programme. Senior government sources [...]
Deutsche Bank, ICAP and two German lawyers sued over tax bill January 19, 2021 Deutsche Bank, TP ICAP and two German lawyers are being sued by M.M.Warburg & Co. in an attempt to recoup a large tax bill it was ordered to pay over controversial Cum-Ex trades. The lawsuit was filed at a court in Hamberg, Bloomberg reported, where private bank M.M.Warburg is based. Last week Warburg said it [...]
Rachel Reeves set to reveal £20bn funding shortfall – but is it a surprise? July 26, 2024 Chancellor Rachel Reeves is expected to announce a roughly £20bn hole in the public finances on Monday when she reveals the results of a spending audit undertaken by Treasury officials over the past few weeks.