The United States Federal reserve has moved closer to an interest rate rise next month. In September the USA’s central bank, the Federal Reserve (the ‘Fed’) surprised a fair few investment ‘experts’ by deciding not to increase short term interest rates. The Fed’s Chair, Janet Yellen, had earlier been dropping hints that September could see…
Read moreMonth: November 2015
This month’s Autumn Statement will not reveal and major pension tax reforms. Parliamentary questions are sometimes no such thing. Instead, they are mechanisms by which the government can reveal a decision on which it would prefer not to make a formal announcement. A good example (see below) occurred in late October in an exchange between…
Read moreHM Revenue & Customs' (HMRC's) accelerated payments programme has now collected £1bn from users of tax avoidance schemes. Last year HMRC gained the power to demand upfront tax payment from users of tax avoidance schemes subject to the Disclosure of Tax Avoidance Schemes (DOTAS) rules or the General Anti-Abuse Rule, or where a similar scheme…
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