THE AMOUNT OF CORPORATION TAX HM Revenue & Customs collects from UK companies has risen 25% to £4bn, from £3.2bn, over the last 12 months. Increased activity in preventing tax avoidance by large businesses and multinationals engaging in tax avoidance strategy has led to the rise, according to research conducted by law firm Pinsent Masons.
BABY BOOMERS hoping to line their retirement nests with an income from a second property following changes to new annuity rules could be hit with massive five-pronged tax bills.
That’s the stark warning from PwC on the eve of the annuity reforms which kick-in from April 2015 which will, for the first time, enable people to unlock and withdraw their pensions in one lump sum. But those tempted by property could face…
A MULTI-DISCIPLINARY PRACTICE will be run by EY, after the Big Four firm was granted a licence to provide legal services in England and Wales. The licence enables accountants and lawyers to work together more closely with clients, and EY has appointed three partners – with a further 30 staff to be recruited in the next six months – to drive the new business.
EY had confirmed in March that it was looking…
