News & Events | WDM - Part 208

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PAYE tax code delays ‘could cause problems’ August 14, 2014

The Association of Taxation Technicians (ATT) has expressed concerns over a proposal by HM Revenue & Customs to relax the timeframe in which a PAYE must be revised and issued. HMRC is currently expected to issue a PAYE code to an employee before or at the same time as they issue it to the employer,
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Number of new mortgages continues to grow August 14, 2014

The Council of Mortgage Lenders (CML) has released figures showing that lending to first-time buyers hit at a seven-year high in June this year. According to new data, there were 28,600 first-time buyer loans in June – an increase of 7% on May, and 19% on the same month in 2013. The number of mortgage
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Liberal Democrats pledge higher tax allowance August 14, 2014

In their latest manifesto plans, the Liberal Democrat party have suggested raising the income tax personal allowance to £12,500. In addition, they would also seek to increase the amount earned before an individual has to pay National Insurance. Danny Alexander, chief secretary to the Treasury, said: ‘It was on the front page of the 2010
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Prepare for interest rate rise, says thinktank August 11, 2014

The National Institute of Economic and Social Research (NIESR) has predicted that the Bank of England (BoE) could raise interest rates as soon as February. The NIESR warned that any rise must be signalled early enough, using the BoE’s ‘forward guidance’ policy which was designed to make clear any plans for interest rates in the
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HSBC calls for reform delay August 11, 2014

The Chairman of HSBC, Douglas Flint, has written to Chancellor George Osborne to request a delay to plans for a separation of retail and investment banking. In 2011, Sir John Vickers of the Independent Commission on Banking (ICB), put forward the recommendation to ‘ringfence’ riskier investment banking from everyday high street banking. The law now
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