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Chancellor to simplify VAT with flat rate

Chancellor of the Exchequer Gordon Brown has announced a new flat rate and simplified scheme for payment of VAT. Brown says the changes, which will come in from April, will cut form filling.

Brown says: “There is a strong case for cash help for small firms to bring their payroll and tax systems online.”


Absolute Fund Management – Absolute Fund

Thursday, November 29, 2001.Type: Oeic.Aim: Growth by investing in hedge funds.Minimum investment: $100,000.Place of registration: Dublin.Investment split: 100 per cent in hedge funds.Isa link: No.Charges: Annual 1 per cent.Commission: Subject to negotiation.Tel: 020 7661 9190.

Sales still poor

Net sales of unit trusts and Isas remained in the doldrums last month, falling 82 per cent on the same period last year according to figures from Autif.Despite net retail sales increasing fivefold to £247m in October from £47m in September – the lowest on record, in the wake of the US terror attacks – […]

Schroders – Schroder Split Investment Fund

Friday, November 23, 2001.Type: Split-capital investment trust.Aim: Growth and income by investing in FTSE 350 companies andfixed-interest securities.Minimum investment: £1,000.Maximum investment: No maximum.Investment split: FTSE 350 companies 75 per cent, fixed-interestsecurities 25 per cent.Types of share: Zero-dividend preference, ordinary.Isa link: Yes.Pep transfers: Yes.Redemption date: Zero-dividend preference shares November 30,2007.Charges: Implicit.Commission: Initial 3 per cent.Tel: 0800 […]

Before the flood

Most people like a small flutter such as backing a horse in the Grand National. If they win, great. If not, it does not really matter, the stakes involved are not high and it is unlikely to make a big difference to their lives.Each year, however, millions of households take a much bigger gamble and […]


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