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Debt…It’s Good To Talk…

A survey by the Money Advice Service has found that “UK adults are hiding more than £96 billion of debt from friends and family, with the average amount of hidden debt in the UK standing at £4,164 per person”. This can put an incredible strain on relationships and cause individuals a huge a...

The Chancellor announced the Autumn Budget on Monday 29 October 2018

Budget summary ...

HMRC issues winding-up order against Patisserie Valerie subsidiary

Café chain Patisserie Valerie has announced it has discovered "significant, and potentially fraudulent, accounting irregularities" and the existence of a winding-up petition issued against one of its subsidiaries by HMRC. The tax authority is seeking £1.14m in taxes, the company said, while it ...

Taxman chases parents who have been overpaid Child Benefit

Thousands of families are being chased by the taxman after they failed to repay child benefit that they had received but were not entitled to keep. Since January 2013, parents who earn more than £50,000 a year have been required to pay back some of the child benefit they receive from the Governm...

Crypto-assets not ‘material risk’ to financial stability

FSB has published a report which includes an assessment of the primary risks present in crypto-assets and their markets, such as low liquidity, the use of leverage, market risks from volatility, and operational risks. The body, which coordinates at the international level the work of national fin...

Account names to be used to prevent fraud on bank transfers

At present account names are not checked when sending electronic payments. The new service, ‘confirmation of payee’ will aim to prevent fraudulent or misdirected payments by introducing a new aspect to payments under which the name on the account is checked when sending a payment. From next y...

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