Key Points Budget

Chancellor George Osborne has delivered his 2013 budget. Here are some of the key points.

Income Tax
• The tax free allowance to be raised to £10,000 in 2014, a year earlier than planned.

Housing
• Interest free loans up

HMRC to Shut Down All Enquiry Centres

All 281 of HMRC’s enquiry centres are to close by 2014.

The centres give face to face advice to around two and a half million tax payers and their closures will affect 1,300 jobs.

A flexible telephone service is to

Business Rates Rise of Increasing Concern

Rises to business rates are a major concern for small firms amidst changes to the tax system, a survey of the Forum of Private Business (FPB) has found.

Members of FPB were polled on the current Government’s changes to tax.

Boost for Scottish Food and Drink Exports

Manufactured goods in Scotland grew by 0.8 percent during the third quarter of 2012, mainly due to growth in the food and drink sector.

The National Statistics Publication for Scotland revealed that the biggest contribution was from alcohol exports, which

LIBOR and You

One of the highlights in the news this week has been the LIBOR rigging scandal, for which the part nationalised RBS has been forced to pay a £390m fine.

Have you seen it on the 6 o clock news and,

Is the Taxman Strapped for Cash?

You may have seen some stories in the news this week that HMRC have scaled back their winding up orders in recent months, with experts declaring the reason to be lack of cash to pay for insolvency services, as opposed

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Parliamentary Hearing on Tax Avoidance with the Big Four

Following an exchange of emails I had last year with the Rt Hon Margaret Hodge MP on the issues addressed by the Public Accounts Committee of HMRC and multinational business tax avoidance, I was delighted to receive another email from

The Steedman Column – A Tax Stuffing

While Tracy Emin, one of the leading lights of the Brit-Art movement reportedly quit the country in early 2009, with the famous quote “Stuff your 50% tax, I’m taking my tent to France” and thousands of celebrities, footballers, and hedge

Self Employed to Benefit from Pension Shake Up

Self employed people could be amongst the winners of the government’s new single tier pension.

The white paper details plans to change the current £107.45 basic pension with various tops up, to a flat rate of £144 from 2017 at