Newsroom

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The government is set to sign off on plans to introduce new plastic taxes that will be announced in the Budget. The widely-reported proposal will avoid taxing shoppers directly in the way the 5p plastic bag tax operates, and instead place the burden on...
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The government is considering a possible new 'Care ISA' that would help people pay for their care in later life, with any money left over being inherited by whoever it is bequeathed to, free of inheritance tax. This exemption contrasts with existing...
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The government has been urged to make sure it goes ahead with the pensions dashboard by Phil Loney, the Chief Executive of pensions and investments firm Royal London. Speaking as he unveiled the company's latest results, he commented on the rumours, first...
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A former Tax Inspector has been jailed after being convicted of £7 million of tax fraud, which he accomplished by setting up a series of fake companies to deal with other firms' payroll services. David Hughes and his fellow fraudsters would get...
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Leader of the Scottish Conservatives Ruth Davidson has added her voice to calls for a new tax on online multinational retailers such as Amazon. The idea was mooted by Chancellor of the Exchequer Philip Hammond earlier this month and Ms Davidson wrote in the...
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The Pensions Regulator (TPR) has successfully carried out its first prosecution of a third party for falsely claiming to have ensured an auto-enrolled workplace pension scheme is in place. Hashmukh Shah, the accountant for Gran Caffe Londra in Knightsbridge,...
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The ideal amount of money those aged over 55 believe they need to retire on comfortably is  £114,436 on average, according to a survey by SunLife. This figure increases to £180,741 for those aged 55-59, while it is predictably less for older...
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The typical victim of a pension scam in 2017 lost £91,000, according to a survey by national fraud and cyber crime reporting centre Action Fraud. It said a total of 253 victims reporting their losses in 2017 were collectively robbed of £23...
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Although most pensioners in Britain own their homes, a new report has concluded that housing equity is not necessarily an adequate solution for those who have a low income from their pensions. Royal London's study, titled 'Will Housing Wealth Solve...
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Taxpayers who have yet to inform HMRC of any undeclared offshore tax liabilities need to make sure they do so swiftly or potentially face a large fine, the Chartered Institute of Taxation (CIOT) has warned. The deadline for disclosure is September 30th, under...