The tax affairs of the rich and powerful came under scrutiny in April, with a huge leak of confidential documents from the Panamanian law firm Mossack Fonsceca.
The business tax roadmap, published on March 16th, provided detail of how current and future business taxes would impact over the remainder of this parliament.
A third of people aged over 50 who are employed in the private sector are putting their retirement plans on hold a recent report reveals.
Before the March 2016 Budget there had been much speculation that the Chancellor was planning big changes to the tax relief on pensions.
As far as the savings market was concerned, 2015 was the year of the challenger provider.
Entrepreneurs’ relief is one of the most attractive tax benefits that business founders and owners have available to them, giving a capital gains tax rate on business disposals of just ten per cent – the lowest currently available.
Google searches for the term “pension freedoms” increased over 900% in 2015 as the Government introduced more flexibility for pensioners.
The Budget impact on charities was very positive as charities share £45m raised from banking fines over the next 4 years
New research shows that millennials are better educated, more likely to start a business, but only 24% have basic financial knowledge.
The Chancellor will need to reduce borrowing by £32bn in 2019-20 – the biggest ever annual cash consolidation – in order to meet his Budget surplus target by the end of parliament.