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Treasury recoups £1.36bn from failed Icelandic bank

19 December 2014 10:21 am | By Tom Selby

The Treasury has recovered a further £1.36bn from the estate of Lansdbanki, the Iceland-based bank that collapsed during the financial crisis.

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Steve Webb summons providers over pension charges

18 December 2014 8:52 am | By Sam Brodbeck

Pensions minister says pot-follows-member could be extended to high charging schemes.

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Govt to raise £3bn through Lloyds share sale

17 December 2014 5:24 pm | By Devraj Ray

Taxpayer share expected to fall from 25 to 20 per cent, raising around £3bn.

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MPs warn FCA of ignoring duties to pension savers

17 December 2014 3:44 pm | By Sam Brodbeck

DWP committee say poor customer outcomes will be “FCA’s fault”.

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Govt outlines plans to build 100,000 new homes for first-time buyers

15 December 2014 4:24 pm | By Devraj Ray

The starter homes initiative will grant planning permission on previously unused brownfield sites to deliver FTB homes at a 20 per cent discount to market value.

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HMRC recoups £29m in tax avoidance crackdown

15 December 2014 11:36 am | By Devraj Ray

Finance Bill 2014 gives HMRC powers to demand disputed tax repayments within 90 days from tax avoidance scheme users.

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EU policymakers lock horns over controversial trusts plans

12 December 2014 9:30 am | By Tessa Norman

Proposals could see details of those using simple trust structures made public. 

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Scotland bond issuance powers move closer

12 December 2014 8:37 am | By Tom Selby

The UK Government has started the formal process to allow the Scottish government to issue bonds.

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No more cliff edge: How stamp duty overhaul will change the market

11 December 2014 8:30 am | By Devraj Ray

The UK mortgage and housing industry has long called for stamp duty to be reformed - but now the wish has been granted, what does it actually mean?

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Industry backs Govt decision on post-75 pensions tax relief

11 December 2014 | By Sam Brodbeck

The Government has dropped plans to extend tax relief to pension contributions made by people over the age of 75.

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OECD issues warning on pension freedoms

11 December 2014 | By Sam Brodbeck

Organisation recommends deferred-life annuities to meet demands for flexibility and guarantees.

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BoE: Most borrowers could cope with rate rise

11 December 2014 | By Tessa Norman

Rate rise would not have major effect on household spending, says Bank. 

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Landmark Australian report warns on pensions 'bank accounts'

9 December 2014 4:16 pm | By Sam Brodbeck

Wide-ranging inquiry warns bank account-style pensions lead to savers suffering from reduced living standards.

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OECD issues warning on pension freedoms

8 December 2014 12:20 pm | By Sam Brodbeck

Organisation recommends deferred-life annuities to meet demands for flexibility and guarantees.

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BoE

BoE: Most borrowers could cope with rate rise

8 December 2014 8:33 am | By Tessa Norman

Rate rise would not have major effect on household spending, says Bank. 

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UK elections threaten returns in 2015 warns Rathbones' Coombs

5 December 2014 2:33 pm | By Philip Scott

The UK’s political backdrop is set to be the biggest threat to investment returns in 2015

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Co-op Bank cancels vote on bonuses

5 December 2014 8:48 am | By Natalie Holt

The Times reports a statement has been sent to investors saying improving bonuses “may no longer be appropriate”.

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IFS: Autumn Statement will mean 'colossal' spending cuts

5 December 2014 8:37 am | By Sam Macdonald

IFS director Paul Johnson says specific details of the cuts had yet to be confirmed by the Treasury.

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Trade body drafts radical pensions tax relief reform plans

4 December 2014 2:00 pm | By Tom Selby

An influential actuarial trade body is drafting radical pensions tax relief reform proposals.

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Base rate held at 0.5% again

4 December 2014 12:00 pm | By Devraj Ray

Interest rates have been held for the 69th consecutive month.

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Labour to persist with mansion tax despite stamp duty reforms

4 December 2014 11:23 am | By Devraj Ray

New stamp duty structure will result in an extra £53,750 levy for buyers of properties valued between £2m and £3m.

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Experts query Govt pension recycling tax leak estimate

4 December 2014 10:44 am | By Sam Brodbeck

Confusion reigns over Treasury projections.

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Govt sets out plans to become housebuilder

4 December 2014 9:55 am | By Devraj Ray

Chief Treasury secretary Danny Alexander says the building of new homes on state-owned land could tackle the housing shortage.

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AS 2014: Osborne warned on spending cuts

4 December 2014 9:52 am | By Devraj Ray

OBR forecasts around one million public sector job cuts to bring down spending.

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Govt urged to hand savers new pension fund transparency powers

4 December 2014 9:30 am | By Sam Brodbeck

Pensions Schemes Bill amendment would give savers new powers to question industry.

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AS 2014: Govt in further crackdown on Dotas tax avoidance schemes

3 December 2014 5:45 pm | By Tessa Norman

Government will increase penalities for non-declaration of Dotas schemes. 

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AS 2014: Stamp duty reforms will fuel overheated London market

3 December 2014 3:58 pm | By Devraj Ray

Experts say today’s stamp duty overhaul will lead to further price increases and buyer competition in the capital.

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AS 2014: Treasury reveals £730m cost of pensions death tax cut

3 December 2014 3:03 pm | By Sam Brodbeck

But expected growth in public sector transfer set to offset tax loss, Government estimates.

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AS 2014: Govt set to devolve corporation tax powers for Northern Ireland

3 December 2014 3:00 pm | By Tessa Norman

Power to set corporation tax will be devolved to Northern Ireland subject to cross-party talks. 

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AS 2014: Govt drops pensions tax relief for over 75s plan

3 December 2014 2:08 pm | By Sam Brodbeck

The Government has dropped plans to extend tax relief on pension contributions made by people over the age of 75.

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AS 2014: Isas to be passed on tax-free at death

3 December 2014 2:04 pm | By Tessa Norman

Govt also consulting on whether to allow crowdfunding into Isas. 

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AS 2014: Osborne in complete overhaul of stamp duty

3 December 2014 1:36 pm | By Paul Thomas

Chancellor today abolishes “slab” structure of stamp duty.

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AS 2014: 40p income tax threshold rises to £42,385

3 December 2014 1:34 pm | By Tessa Norman

Increase is a “down-payment” on commitment to raise threshold to £50,000, says Chancellor. 

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AS 2014: Death tax on joint life annuities scrapped

3 December 2014 1:26 pm | By Sam Brodbeck

55 per cent death tax when unused pension pot is passed on will be abolised for annuities taken after April.

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AS 2014: OBR predicts £23bn surplus a year late in 2019-20

3 December 2014 1:18 pm | By Michael Berry

The Government will post a £23bn surplus in 2019/20, getting the public books further into black but a year later than planned. 

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AS 2014: Multinationals to pay 25% tax on profits shifted offshore

3 December 2014 1:18 pm | By Natalie Holt

Chancellor has announced a new tax on profits generated in the UK but “artificially diverted” offshore.

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AS 2014: OBR revises down unemployment forecast

3 December 2014 1:05 pm | By Sam Macdonald

The Office for Budget Responsibility has revised down its forecast for unemployment for next year to 5.4 per cent and says it will then settle at 5.3 per cent.

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Osborne set to give non-UK fund groups CGT exemption

3 December 2014 10:25 am | By Sam Macdonald

The UK Treasury is set to offer a carve out in the Capital Gains Tax regime for non-UK asset managers.

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Osborne eyes long-awaited stamp duty overhaul

3 December 2014 8:52 am | By Devraj Ray

The Financial Times reports Chancellor Osborne is set to announce a change to the current stamp duty system.

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Carney reveals one-year Funding for Lending extension for SMEs

3 December 2014 8:39 am | By Tom Selby

Scheme extension designed to boost the flow of credit to SMEs.

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