The European Central Bank (ECB) has an inflation target of “below, but close to, 2% over the medium term.” As of August 2014, annual inflation across the Eurozone was just 0.3%. Inflation has not been above 1% since September 2013 … Continue reading →

HMRC’s never-ending battle against tax evasion takes another turn. In April, HMRC announced a new proposal to counter offshore tax avoidance. To brighten the summer days for accountants, four months later HMRC issued a consultation paper fleshing out their ideas. … Continue reading →

You can now opt for Individual Protection 2014 to protect your pension benefits. But should you? The lifetime allowance (LTA) effectively sets the maximum tax-efficient value of all your pension benefits. In its first iteration, in April 2006, the standard … Continue reading →

Interest rates will surely rise but the question is when? The answer seems to depend on the day of the week. Last month offered a number of conflicting answers: The Bank of England’s Quarterly Inflation Report  This was generally seen … Continue reading →