A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

UK Finance News
Entries Tagged as 'Tax and Duty'
FT Survey Says Bank Bonus Tax Could Reach £2.5billion
John Williams - Friday 05.03.10, 11:36am
Tags: Banking · Bonus Culture · Finance News · Income Tax · Tax and Duty · UK economy
France announce ‘bank bonus tax’
John Williams - Wednesday 16.12.09, 12:46pm
France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]
Tags: Banking · Bonus Culture · Europe · Finance News · Tax and Duty · UK economy
UK Finance: Britons to spend less this Christmas
John Williams - Tuesday 03.11.09, 12:39pm
The findings of a survey conducted by Broker Execution Ltd has revealed that Britons expect to spend less on presents this Christmas than they did last year, with fears of unemployment, higher taxes and utilities and recovery from the recession among the many worries high on the agenda for the general public.
The survey which was [...]
Tags: Personal Finance · Retail · Savings · Tax and Duty · UK economy
UK Finance: Bankrupt Nation
John Williams - Thursday 21.05.09, 12:47pm
The ratings agency Standard & Poor (S&P) has lowered it’s outlook on the UK to negative, claiming that Government spending will be hard to rein in amongst political uncertainty surrounding a forthcoming election.
S&P Credit Analyst David Beers explained in a statement:
“We have revised the outlook on the UK to negative due to our view that, [...]
Tags: Budget News · Finance News · Tax and Duty · UK economy
UK Finance: The Budget Personal Tax Changes
John Williams - Thursday 23.04.09, 09:49am
Following yesterdays Budget report, the following information regarding changes to personal taxation has been compiled by Michael Martin Partnership.
Personal Allowances 2009-10
These remain as announced in the Pre-Budget report November 2008. From the 6 April 2009 the income tax personal and age related allowances are increased to:
Age under 65 – £6,475
Age [...]
Tags: Budget News · Capital Gains Tax · Finance News · Income Tax · Inheritance Tax · Pensions · Personal Finance · Savings · Tax and Duty · UK economy






