tax

MOTORISTS ARE being warned petrol prices are now certain to pass £1 a litre over the next few days as Hurricane Katrina has wiped out many of the oil refineries on the US Gulf coast, reports the Guardian .

Financial advisers may be missing a business opportunity, suggests Alliance and Leicester International, as few expatriates save money once they leave the UK despite improved financial positions.

PENSION CONTRIBUTIONS should be compulsory for all employees, the Daily Telegraph quotes a leading business group as saying.

Tax burdens will be lightened and tax may even be returned by HM Revenue & Customs after a review of its previous stance on VAT affecting cases of landlord-tenant contracts.

GEOFF AND DIANA JONES are taking their dispute with the Inland Revenue over their family partnerships tax affairs to the Court of Appeal, says this morning's Daily Telegraph.

France's rejection of the EU constitution dominates this morning's papers with the Scotsman reporting the Federation of Small Businesses welcomed the announcement.

With-profits policyholders could still see further losses to their policies over the coming years as the government is currently pushing ahead with plans to implement a 30% "with-profits" tax on surplus with-profits assets.

The government as responded to calls for a reduction in the amount of business regulation by announcing requirements will be cut in favour of a risk-based approach, under proposals unveiled today for the Better Regulation Action Plan.

STANDARD LIFE is working on plans to allow with-profits policy-holders to switch out of the "misfiring schemes into better-performing products", according to this morning's Scotsman.

A multi-millionaire businessman who became a Labour minister last week has admitted holding part of his personal fortune in an offshore tax haven which experts say could have helped him avoid £3m in tax, reports this morning's Times.