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IFA News

We update our website on a monthly basis with information, news and newsletters which we feel will be of use to you and your business.


October 2011

PPI compensation soars in first half of 2011

With millions of customers looking to reclaim their money for mis-sold Payment Protection Insurance (PPI), figures from the Financial Services Authority (FSA) show that £215 million of compensation was paid out during the first six months of 2011.

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HMRC targets beneficial ownership structures

While non-doms are not required to pay income or capital gains tax on their overseas investments, any money received from property within the UK is taxable.

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HMRC criticised over tax amnesties

HMRC has hit back at suggestions that tax amnesties, such as the deals reached recently with Switzerland and Luxembourg, could help criminals gain respectability.

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Three-fold increase in tax scam emails

HM Revenue and Customs say the number of scam "phishing" emails has increased by more than 300% over the past year.

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New Agency Worker Regulation (AWR) comes into affect

The Government has introduced new Agency Worker Regulation (AWR) changing the way businesses introduce new staff on a short term basis.

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Cable attacks banks over lending

The Business Secretary Vince Cable has once again attacked banks over a lack of lending to SMEs.

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2,250 tax inspectors in super rich crackdown

A crack team of more 2,000 tax inspectors is to be set up by HM Revenue and Customs to target tax avoidance and evasion.

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Banks to offer riot loans

A major bank is set to offer interest and fee-free loans to businesses hit by the summer riots.

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