News & Events | WDM - Part 211

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Higher rate taxpayers contribute two-thirds of total UK tax May 7, 2014

Taxpayers liable to the 40p and 45p income tax rates will pay 67% of Britain’s total tax bill by 2014/15, even though they represent only 16% of the UK population, according to figures released by HMRC. Under the Coalition Government over a million additional people have become liable to the higher and additional rates of
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Annual house price growth hits double digits May 7, 2014

Annual house price growth in the UK has hit double digits for the first time in four years, according to Nationwide. In the year to April, prices rose by 10.9%, the first annual double-digit growth since April 2010 and the fastest rate since June 2007. Robert Gardner, Nationwide’s chief economist said: “After several months of
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Pensioners to be given advice on life expectancy April 29, 2014

Pensions minister Steve Webb has suggested that anyone over 65 should be given advice on how long they are likely to live in order to help them manage their savings. Research into mortality figures has been growing in recent years, and reasonable estimates have now be made by the Office for National Statistics (ONS) on
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Revenue targets undeclared second incomes April 29, 2014

HM Revenue & Customs (HMRC) has taken the latest step in its crackdown on undeclared income, with the launch of its Second Incomes Campaign. The campaign targets individuals who are employed and resident in the UK, and who receive additional income that is not currently taxed, for example as a result of consultancy or training
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CBI: Outlook for economic growth is ‘exceptionally strong and broad-based’ April 29, 2014

The outlook for the British economy over the next three months is ‘exceptionally strong and broad-based’, according to the CBI. In their latest monthly survey of 675 firms across the manufacturing, retail and services sectors, respondents recorded solid growth in activity, with a balance of +25%, up from +19% in March. Firms are optimistic that
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From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn't speak highly enough of them.

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