03/05/2012

Bernanke speech crushes silver rally

Investors seemed to react not to what the Fed President said, but rather to what he didn’t say. However, the sell-off was short-lived and today silver has been clawing its way back.

03/02/2012

HMRC pushes back

Following breaches in the Banking Code of Practice on Taxation, retrospective tax legislation is to be introduced.

02/23/2012

Paying the piper….

HM Revenue & Customs have now started to issue the £100 penalty notices to those people in self-assessment that did not submit their return by the deadline of 2 February 2012.

02/20/2012

Learning a lesson from the Americans

Following my comments about the missing financial infrastructure in the UK, I was recently comparing the US banking and financial structures with our own.

02/17/2012

Looking beyond the Greek tragedy

Central banks continue to ease policy and risk appetite amongst investors has increased. In the very near term however we remain somewhat wary that markets have rallied too strongly and that further profit taking and lower markets are quite possible.

02/15/2012

More pension tax changes to come?

As we predicted in our last Weekly Tax Brief, higher rate tax relief for pension contributions is once again in the firing line.

02/13/2012

Changing Sentiment Toward's The Euro?

I am indebted to Chris Charlton from the foreign exchange specialists, Centa Asset Management in Frankfurt who regularly produces fascinating views and opinions on the varying strengths of the differing currencies.

02/09/2012

Don’t shoot the goose

No reasonable person contests the idea that we should all pay our proper dues. Nevertheless, in a week when it has emerged that HMRC wrote off £10.9 billion last year (with the Treasury expressing ‘some surprise’ according to the Public

02/06/2012

Is the demise of Swiss private banking gathering pace?

Beyond talk at the time from a few consultants that difficulties at the banks would herald in a period of consolidation in Swiss banking, not much thought was given to the wider implications of what was going on at Sarasin and Vontobel.

02/05/2012

United tax evasion defences start to crumble

All eyes will be on the year end results from Switzerland’s biggest banks this coming week, but thoughts will also be turned to the fallout from tax evasion scandals.