Insolvency experts say new figures are a good indication of what could happen
to the rate of middle class bankruptcies in the future as they show an 85%
increase in people seeking help with personal finances.
Mark Sands, director of personal insolvency at
KPMG, said: ‘These figures
are on the front line… most people go from advice to IVAs and bankruptcy.’
Advice reflect the hike in people attending its free advice centres.
CMA has now urged the government to increase funds to debt advice centres
because those in middle class areas are having to close their doors to new
Heather Keates, chief executive of CMA, said: ‘The government needs to look
at this again and increase funds to include middle class areas.’ A centre in
Tunbridge Wells saw a 234% increase in people wanting help.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed