tax

The UK economy will only start to recover in 2010 with economic output forecast to fall by more than 1% in 2009, according to Chancellor Alistair Darling.

The Confederation of British Industry (CBI) has outlined a ten-point action plan to boost the economy ahead of today's Pre-Budget Report (PBR).

Chancellor Alistair Darling intends to take more from the UK's highest earners, which will include many in the financial services industry, to fund a package of tax cuts including a temporary reduction in VAT.

The Treasury has confirmed the Pre-Budget Report will be announced at 3.30pm on 24 November.

Pension savers will need to increase their contributions by up to 20% to make up for the Government's raid on private funds, says Brewin Dolphin.

Skandia has unveiled a series of essential ‘at a glance' tax guides, explaining changes introduced by the Finance Act 2008 and in force since July.

A mis-selling scandal is brewing for advisers on overseas pension transfers, according to an expert in QROPS (Qualifying Recognised Overseas Pension Schemes).

Zurich has launched the latest edition of its annual tax handbook in conjunction with Pearson Education.

A number of investment organisations and business groups have written to the Treasury Select Committee on the issue of offshore financial centres, ahead of yesterday's deadline for comment.

Changes to rules on residence and domicile tax, part of the 2008 Finance Bill, may have damaged the UK's international competitiveness, according to the House of Lords Committee on the Finance Bill.