Monday, February 28, 2022

Russia Raises Rates To 20%

Russia’s central bank has more than doubled interest rates from 9.5% to 20% in an attempt to support the rouble, which fell by 29% this morning.

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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MOEX Stays Closed Monday

The Bank of Russia has stated that MOEX will remain closed today (Monday).

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Friday, February 25, 2022

Germany is Not Very SWIFT

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.

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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

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Thursday, February 24, 2022

MOEX Falls 33%

 


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.

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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

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Tuesday, February 22, 2022

Nord Stream 2 Stopped

Germany is killing the new $10bn Nord Stream 2 gas pipeline from Russia. 

It will have major consequences for European energy security

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

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Monday, February 21, 2022

War Birds Coming Home To Roost In The Moscow Exchange!

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.

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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
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Thursday, February 17, 2022

Peace in Our Time - Amazon Settles Dispute With Visa

 


Amazon has agreed to accept Visa cards across its global platform, bringing to an end a feud that almost dealt a major blow to the payments firm.

Amazon had threatened to ban UK-issued Visa credit cards due to a dispute over fees.

It's now said it will no longer charge customers who use Visa cards on its site in Singapore and Australia an extra fee, and won’t turn off Visa credit cards from amazon.co.uk.

A Visa spokesman said the company was “pleased to have reached a broad, global agreement with Amazon”.

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Wednesday, February 16, 2022

Inflation Hits 30 Year High

The Office for National Statistics (ONS) said the consumer prices index (CPI) measure of inflation increased to 5.5% in January from 5.4% a month earlier, driven by prices for clothing, footwear and furniture.

City economists had forecast the inflation rate to remain at 5.4%. The ONS said inflation was last higher in March 1992, when it stood at 7.1%.

Personally speaking I think the economy can run "hot" for a few months, as the supply chain issues etc work their way through the system, before the Bank of England starts to raise rates further.

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.

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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
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Monday, February 14, 2022

The Spectre of War Drags Down FTSE

More than £54bn was wiped from London’s top 350 companies this morning as growing fears of war between Russia and Ukraine spooked investors.

The FTSE 100 fell 1.9pc, while the FTSE 250 dropped 2.3pc. Meanwhile, oil and gas prices both soared as traders geared up for a conflict.

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.

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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

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Friday, February 11, 2022

UK Growth Hits 7.5% in 2021


 
The UK economy grew by 7.5% in 2021 after a 9.4% fall in 2020. 
 
The UK was the fastest growing economy in the G7 last year. 
 
However, because of the lockdown, on a quarterly basis UK GDP in the 3 months to December were 0.4% below the 4th quarter of 2019. 

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Thursday, February 10, 2022

Lenders Pull Cheap Mortgages

Lenders have ended mortgages charging less than 1pc following the Bank of England's interest rate rise last week.

Fixed-rate deals priced below 1pc have now disappeared, down from a high of more than 130 mortgages in October last year, according to analyst Moneyfacts. 

The current cheapest two-year fixed rate now costs 1.39pc and means a borrower will pay £800 more in interest per year compared with a 0.99pc rate, on a £200,000 mortgage.

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Tuesday, February 08, 2022

Kwasi Kwarteng is Talking BOLLOCKS!

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.

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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
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Monday, February 07, 2022

Peleton Surges 27% on Bid Rumours

Shares in Peloton surged in pre-market trading amid reports Amazon and Nike are eyeing up the home fitness firm for a potential takeover.

Peloton jumped as much as 27% after it emerged that it had appointed advisers to explore options.

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Friday, February 04, 2022

Hopeless and Hapless Bailey Explains Monetary Policy and Wage Restraint

Andrew Bailey continues to underwhelm.

This time his foray into the limelight allowed him to wax lyrical about the need for interest rate rises to curtail demand and hence inflation. He then went on to note that:

"What we have to do is ensure that in the meantime that there isn't more inflation pressure domestically.

That would come for instance from things like wage bargaining."

That is all very well and lovely except:

1 He is on a salary of over £500K

2 The current inflation is down to supply side constraints gradually being unwound after the pandemic

3 A large chunk of the forecast inflation will be caused by energy price rises (which are outwith the average consumer's ability to control or limit by reducing demand).

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.

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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, February 03, 2022

Interest Rates Raised To 0.5%

 MPC put up U.K. BASE RATE 0.25% to 0.5% at midday today.

Tax Investigation Insurance

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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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Price Cap Increases by £693

Price cap to increase by £693 from April: Ofgem

That's an increase of 54% to £1,971. 

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.

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  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
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Tuesday, February 01, 2022

Lloyds Launches Cheapest Ever 10 Year Mortgage

 Lloyds Bank has launched a 10 year loan with an interest rate of 1.66pc. Mortgage brokers said this was the cheapest on record, beating the previous market-leading rate of 1.74pc from TSB. Lloyds' previous lowest rate was 1.99pc.

The Lloyds loan is restricted to remortgage customers who have at least a 40pc deposit, and a £1,000 fee applies. Borrowers who wish to switch away from the bank in the first five years must pay an early repayment charge of 6pc. Brokers said this exit fee was slightly above the market average. After five years this penalty decreases to 1pc on a sliding scale.

Tax Investigation Insurance

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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.