Yesterday, the Financial Reporting Council (FRC) published a revised version of the UK Corporate Governance Code (formerly the Combined Code). This new edition of “the Code” takes effect for financial years beginning on or after the 29th June 2010. The Code applies to all companies with a Premium Listing on the London Stock Exchange including [...]
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The Institute of Directors has today called on George Osborne to consider and adopt seven “keys to success” which they say will need to be delivered by the Chancellor in the forthcoming emergency Budget. By adopting the 7 keys to success the IoD say that the Chancellor would help accelerate economic recovery. However failure to [...]
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Now that George Osborne has finally made it to 11 Downing Street and is planning his “Emergency Budget”, I hope he look seriously at reducing the headline rate of Corporation Tax in order to attract international businesses to the UK as well as stemming the flow of UK companies moving their tax residence elsewhere. The [...]
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The new Conservative/Lib Dem coalition government has just published the text of the Coalition Agreement made between the parties. Should you wish you may view this via the link below. The agreement states that it is the intention of the new government to increase the rate of Capital Gains Tax (“CGT”) for “non business assets”. [...]
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Before the recent election all the three main parties were saying that they “had no plans to increase or extend VAT”. In fact the Labour Party actually ruled it out, but then they knew full well that the chance of them being in power, even with Lib Dem support, was fairly negligible. So it proved. [...]
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I was talking to an Independent Financial Advisor a couple of days ago and in conversation asked him how he was getting on winding up the estate of a mutual client who died about 18 months ago. “Fine”, he said, “but it looks like we have paid too much Inheritance Tax on the house” – [...]
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