Tuesday, August 31, 2021

UK/New Zealand Trade Deal Imminent

Britain is on the cusp of striking £2.3BN trade deal with New Zealand, apparently the deal is imminent.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Thursday, August 26, 2021

Global Lorry Driver Shortage

Despite pro EU fanatics blaming Brexit for lorry driver shortages in the UK. The reality is that it is a global problem.

As per Trucking Info:

Surveying 777 road transport companies from 23 countries, the IRU found that [the] driver shortage was most acute in Eurasia, where last year 20% of driver positions were not filled. China was the least affected country in 2020 with only 4% of jobs open. Elsewhere, [the] driver shortage was less serious in 2020 than 2019 due to the pandemic. In Europe, unfilled driver positions fell by around three quarters, from 24% to 7% for truck drivers.”

But European companies are expecting a 17% shortfall in drivers this year, 18% in Mexico, 20% in Turkey, 24% in Russia, and almost one third in Uzbekistan, says the IRU.

The survey also investigated the reasons for the driver shortage, finding that a simple lack of trained drivers was the main cause in all regions (38% of respondents). It also cited those “challenging working conditions,” further exacerbated by the pandemic.

As in North America, but worse, the survey also noted difficulties attracting women and young people to the profession.

In Europe production facilities have been moved Eastwards, thus soaking up personnel who would have driven a truck but now work in the factories.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Wednesday, August 25, 2021

Amigo on The Verge of Collapse

Money lender Amigo is warning it may not survive after revealing it has set aside £345m as a compensation pot against mis-selling claims. 

The business, which lends money to people with poor credit records, also revealed a jump in annual losses to £284m, compared with £38m last year.

In May, the High Court rejected its plan to set aside a separate pot of money for compensation.

Amigo had faced a deluge of complaints the company had mis-sold them loans.

The business is the last sub-prime lender in the market after leading brand Wonga went under.

Amigo, which offered loans with an interest rate of up to 49.9%, was forced to stop lending last year after thousands of complaints from customers who say they were approved for loans that they could never afford to repay. 

As per the BBC in the results statement, which was originally due to be made in July, the company said there was a "material uncertainty" around its ability to continue as a going concern.

Gary Jennison, Amigo's chief executive said he was keen to save the company, as it offered essential finance to those who could not access mainstream lending.

"The issues of the past are real, but do not diminish the need in society for lenders like Amigo," he said.

"Amigo allows ordinary people, excluded by banks and other mainstream credit providers, to access mid-cost finance when they are funding life essentials and to stay away from much higher-cost payday or illegal lenders."

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Monday, August 23, 2021

Sainsbury Rises 7% on Bid Speculation

Bloomberg reports that shares in J Sainsbury Plc rose almost 7% after a report that Apollo Global Management Inc. could be taking a look at Britain’s second-largest grocer amid wider consolidation in the sector. 

Apollo, which has $88 billion of assets under management, is interested in the U.K. supermarket industry, having previously lost out on the chance to take control of Asda, the country’s third-biggest grocer, to the Issa brothers and TDR Capital.

The U.S. private equity firm is also in discussions to join a consortium led by Fortress Investment Group to buy Wm Morrison Supermarkets Plc. If it joins the Fortress consortium, that could rule out any potential involvement in a bid for Sainsbury.

Consolidation is the name of the game.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Wednesday, August 18, 2021

Afghanistan Contains $1Trillion of Lithium Deposits

Given away to the Chinese and Russians by Biden!

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Average UK House Prices Rise by £31K in a Year

The rise of £31K in one year is more than the average salary of the average employee in the UK.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Tuesday, August 17, 2021

"World of Work Continues To Rebound Robustly"

 

The number of UK workers on payrolls rose by 182,000 between June and July but was still 201,000 lower than before the pandemic, the Office for National Statistics (ONS) said.

Jonathan Athow, deputy national statistician for economic statistics at the ONS, said: 

"The world of work continues to rebound robustly from the effects of the pandemic.

The number of people on payroll was up again strongly and has now grown over half a million in the past three months, regaining about four-fifths of the fall seen at the start of the pandemic.

Meanwhile early survey figures show that the number of job vacancies passed one million for the first time ever in July."

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Trade Deals With Individual US States

As the prospect of a trade deal with the USA any time soon fades, individual US states are looking to agree trade deals with the UK.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Thursday, August 12, 2021

4.8% Growth in Q2

The ONS state that UK GDP rose by 4.8% in Q2 of this year. 

Drilling down, GDP grew by 1.0% in June 2021 and is now 2.2% below its pre-pandemic peak: 

-services grew 1.5% (2.1% below February 2020) 

-manufacturing grew 0.2% (2.3% below February 2020) 

-construction fell 1.3% (0.3% below February 2020) 

Services continued to be the main contributor to GDP’s recovery in June 2021, growing by 1.5% in June 2021 following a revised 0.7% growth in May 2021.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Monday, August 09, 2021

Virgin Atlantic To List in London

The FT reports that Sir Richard Branson’s Virgin Atlantic Airways is planning to list in London in a bid to take advantage of investor expectations of a rapid recovery in international travel. 

The UK-based airline has been presenting to fund managers about a listing on the London Stock Exchange as early as autumn, according to a person familiar with the matter. The potential listing would mark the first time that Virgin Atlantic offers its shares to the public since its launch in 1984 and it would align the British airline with its publicly traded competitors such as British Airways owner IAG, American Airlines and Cathay Pacific. 

It comes as a recovery in both business and holiday travel gathers momentum. Bankers from Citi and Barclays have been appointed to lead the IPO, which was first reported by Sky News. Virgin Atlantic said “we’re not commenting on speculation”. 

 Branson would likely lose his status as majority shareholder, held through the British billionaire’s Virgin Group. The remaining 49 per cent of the company is owned by Delta Air Lines. 

Virgin Atlantic has shaped itself up to list after undergoing a sweeping restructuring over the past year. It has cut more than £300m in annual costs by slashing its headcount by almost half to 5,700 people, exiting Gatwick to consolidate its operations at other major airports and retiring its Boeing 747 jumbo jets. 

Bookings on its US-UK route have jumped 150 per cent since last Monday, when people travelling to England from the US and most European countries no longer had to quarantine if they had been fully vaccinated against coronavirus. The industry is hoping for another uplift if the Biden administration loosens travel restrictions for arrivals from the UK and Europe. 

As well as shaping the airline up for the post-pandemic take off in air travel, access to a larger pool of capital would help the airline to endure future shocks that may cause travel demand to plummet.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Thursday, August 05, 2021

Bank of England - Steadyish as She Goes!

The Bank of England has kept policy unchanged, with inflation expected to hit 4% in Q4.

Expectations are that GDP will return to its pre-pandemic level in Q4.

Growth will be 7.25% this year, with 6% next year and 1.25% in 2023.

HOWEVER....


Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Wednesday, August 04, 2021

£100K Half Year Service Charge for Cladding Replacement

The cladding replacement scandal (in the wake of the Grenfell fire) becomes more ludicrous day by day.

Witness this half year charge of £100K for replacement of the cladding to a building.

How on earth are people meant to be able to pay this? 

If the builders complied with rules at the time of building, then any post build changes to the law that require immediate changes in cladding need to be covered by those that changed the law.....or am I missing something here?

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

Tuesday, August 03, 2021

Go Back To Get On!

In echoes of last year's "Eat Out To Help Out" campaign, Rishi Sunak has urged young people to go back to the office for the sake of their careers.

He told LinkedIn News:

“I was telling them the mentors that I found when I first started my job I still talk to and they have been helpful to me all through my career even after we have gone in different ways.

I doubt I would have had those strong relationships if I was doing my summer internship or my first bit of my career over Teams and Zoom.

And that’s why I think for young people in particular being able to physically be in an office is valuable.”

He is of course correct, the slippery pole of office politics can only be climbed with the aid of good personal relationships and being in the right place at the right time.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

HSBC Backs China's Crackdown in Hong Kong

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.