Archive for June 2008

What Is Inheritance Tax?

Jun 30th, 2008 | By James Green | Category: UK Business Taxes, UK Personal Taxes

Inheritance Tax (IHT) is probably not at the forefront of most people’s minds. However given the relentless rise in UK property prices over the past few years (and even allowing for the current, probably short term price drops) many individuals and couples are likely to find that they have been pushed over the current threshold. [...]



Brazil Win World Cup For a Record Fifth Time

Jun 30th, 2008 | By James Green | Category: On This Day

On 30th June 2002 - almost 44 years to the day since Brazil first won the FIFA World Cup for the first time - they won it for a record fifth time.
The 2002 World Cup took place in South Korea & Japan, not only the first time it had been held in Asia but the first time [...]



Brazil (& Pele) Win the World Cup For the First Time

Jun 29th, 2008 | By James Green | Category: On This Day

On 29th June 1959 Brazil won the football World Cup for the first time thanks in no small measure to their 17 year old soccer sensation - Pele. Probably the best footballer the world has ever seen.
As football fans in Europe (with the possible exception of those in the UK which for the first time [...]



Scotland Cut in Two by First Coast to Coast Canal

Jun 28th, 2008 | By James Green | Category: On This Day

On 28 June 1790, the Forth and Clyde Canal opened.
The short neck of land between the Irish and North Seas had been identified as early as the 1660s as the ideal place for a canal but it was not until economic and social conditions were right a century later that the work on what became [...]



What Is IR35?

Jun 27th, 2008 | By James Green | Category: Accounting for the Money, UK Business Taxes, UK Personal Taxes

The so called IR35 Legislation came into force in the UK in April 2000. It seeks to tax freelance workers providing services via their own limited company. Its stated aim was to prevent employees setting up a limited company and performing their duties through that company with the resulting tax advantage.
Generally it is more efficient [...]



World’s First Jet Airliner Takes to the Skies

Jun 27th, 2008 | By James Green | Category: On This Day

On the 27th June 1949 the world’s first commercial jet airliner, the De Haviland Comet, took off on its maiden flight.
The pilot was de Havilland Chief Test Pilot John Cunningham, a famous wartime fighter pilot, who commented: “I assumed that it would change aviation, and so it has proved. It was a bit like Concorde.”
The [...]



St. Lawrence Seaway opened in 1959

Jun 26th, 2008 | By James Green | Category: On This Day

For more than 30 years, Canada and the US tried to come to an agreement to build a huge navigational channel linking the Atlantic Ocean to all five Great Lakes. This seaway, made up of a system of canals, locks, and dredged waterways, extends a distance of nearly 2,500 miles, from the Atlantic Ocean through [...]