No Easy Way To Implement Mansion Tax

Both the Labour and Liberal Democrat parties have committed to introducing a Mansion Tax if elected in May, but specific details as to how the tax would work remain largely undisclosed. Adding bands onto Council Tax has been mooted by many as the preferred method of implementation for Mansion Tax. However, this method presents challenges. Firstly, it may result in the revaluation of up to 20...

Read More

Affairs add £1.2 Billion to the Economy!

People having affairs have helped the economy with a boost of over £1.2 billion, and a stronger economy means more people are having affairs, according to married dating website IllicitEncounters.com. The current strength of Britain’s economy has to thank the adulterers who have injected the country with money. George Osborne has told MPs “Britain is walking tall again” after five years of...

Read More

A Budget which backs Innovation

Welcoming the support for innovation and new industries where the UK can have a world leading position outlined in the Budget, Director of Technology at Innovate UK Kevin Baughan said: “At Innovate UK we have proven that Investing in business-led innovation creates new industries, improves productivity, creates new jobs and drives exports. We live, work and compete in a global innovation economy...

Read More

Four jailed for £4m VAT fraud

Four men from London have been jailed for a total of 20 years after HM Revenue and Customs (HMRC) discovered they had stolen £4 million in VAT and laundered it through a number of bank accounts – including that of a deceased colleague. The group, headed up by Donald McLeod, of Middlesex, fraudulently manipulated the accounts of their haulage and heavy plant hire business to hide millions of...

Read More

Arrest in Co Tyrone fuel fraud investigation

A 43-year-old man has been arrested and a diesel laundering plant dismantled by HM Revenue and Customs (HMRC). HMRC officers, accompanied by the Police Service of Northern Ireland searched private premises in the Ardboe area, where the laundering plant capable of producing over one million litres of illicit fuel a year, evading over £700,000 in lost duty and taxes was uncovered in a shed. A...

Read More