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Monday, June 14, 2021

Markets Relaxed About Lockdown Extension

The FTSE 100 shrugged off worries about the lockdown extension, and has risen by 35 points this morning. 

The extension has already been priced in, what matters now is no reversal or a return to start/stop restrictions.

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, June 09, 2021

Metro Bank Reduces Interest Rates From "Pathetic" To "Insulting"

Metro Bank reduces its in interest rates from "pathetic" to "insulting".

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.

Friday, June 04, 2021

The G7's Two Pillars of Idiocy

G7 finance ministers meet in London today.

One item on the agenda that has excited Biden is the concept of a global minimum corporation tax, to try to stop global corporations "offshoring" their profits.

In order to achieve this alleged halcyon dream, the G7 are considering a two "pillars" approach to confront the issue. 

The first is to reform the way taxes are calculated, using sales figures in each country to attempt to calculate a "fairer" apportionment of tax revenues around the world. 

The second pillar is to ensure countries stop competing in a race to the bottom on tax rates. A global minimum corporate tax rate: if everyone commits not to cut rates below a certain level that makes it far harder for companies to avoid taxes. 

Here's why these pillars are bollocks:

1 Sales are not profits, corporation tax is not a tax on turnover. 

2 Countries have the sovereign right to set their own rates of taxation, to allow a global body to set the rate undermines sovereignty and will end in tears.

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, June 01, 2021

House Prices Rise 10.9%

UK house prices have risen by 10.9% in the year to May, the highest level in seven years, according to the Nationwide.

The average house price has risen to £242,832, up £23,930 over the past twelve months.

Nationwide are of the view that buyers are in a "race for space" as they seek larger homes and properties with gardens.

Robert Gardner, Nationwide's chief economist said:

"The market has seen a complete turnaround over the past twelve months

But activity surged towards the end of last year and into 2021, reaching a record high of 183,000 in March.

It is shifting housing preferences which is continuing to drive activity, with people reassessing their needs in the wake of the pandemic.

The majority of people are looking to move to less urban areas." 

The rise in prices will underpin the UK's economic recovery, with growth now forecast by the OECD to be 7.2%.

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.