With effect from 6 April 2000, employers can pay Pay As You Earn (PAYE) and National Insurance Contributions (NIC) to the Inland Revenue quarterly rather than monthly where the average monthly payments to the Inland Revenue are less than £1,500. This limit was previously £1,000. Certain inclusions and deductions need to be made in determining the average monthly payment. The increase in the monthly limit will give thousands of small employers the opportunity to pay quarterly giving them cash flow savings opportunities.
There is, as yet, no Mrs Brown to pose with the bachelor Chancellor on the steps of No 11 for the pre-Budget photocall - but prudence was much in evidence. Dealt one of the best economic hands of any Chancellor in living memory, Mr Brown was determined not to give the slightest hint of enjoying […]
Thousands of investors could be hundreds of pounds better off thanks to the Chancellor's decision to maintain the £7,000 Isa limit for another year.But while fund managers and IFAs welcome the news, some are frustrated they were not made aware of the changessooner, having already prepared and received Isa applicationsfor next year.The £7,000 limit was […]
Allied Irish Banks today announced that it is to rollout a new mobile phone banking service to customers from next month. Its “24 hour mobile” service is the latest development in the implementation of AIB's strategy for “mobile” commerce. Subsequent phases will see a range of transaction based financial services using Wap technology. This will […]
MobileAge Technology is to facilitate banks' in delivering full financial services to mobile users without changing their existing set-ups.The service is directed at banks which want to capture the high growth mobile phone market without investing time and resources in building their own system.The operations are based on parent company BROKAT's Twister facility, used by […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
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A long‑term strategy for the asset management industry will be published by the Government, it was announced in today’s Budget. The Investment Management Strategy 2 will ensure the industry “continues to thrive and deliver the best possible outcomes for investors and the UK economy,” the Autumn Budget policy paper says. The Government will work closely […]
The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]
Chancellor Philip Hammond has scrapped stamp duty for first-time buyers on properties worth up to £300,000. Speculation was rife in the media in the run up to the announcement that the tax would be scrapped altogether for FTBs to make home ownership more affordable for young people in the UK. The Chancellor has said that […]