Christmas savings companies will have to ringfence customers’ money to
protect the funds if the enterprise collapses.
A review into the collapse of
has outlined plans to protect customers’ savings, reported Sky
Farepak’s collapse has seen the vast majority of savings by 150,000 families
lost. Administrators from
Stoy Hayward said customers are likely to receive just a few pence
in the pound.
A trade association will also be set up to act as a watchdog for the
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
"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
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group