The latest interest rate cut by the Bank of England’s Montetary Policy Committee has slashed the figure to a level last seen more than 50 years ago.

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From 1 October 2008, new rules are in place to unify and replace the various regulations setting out the trading disclosures that incorporated companies must make to show their legal identity.  This is now being monitored by Trading Standards and can result in a £5000 fine.

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HMRC have updated their guidance on buying goods on the internet explaining when duty and / or VAT will need to be paid.

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The Ministry of Justice has announced an increase in the amount of the statutory legacy on intestacy. The statutory legacy is the amount which an individual is entitled to receive from the estate of their husband, wife or civil partner where the individual has not made a Will.

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The DWP announced last week that the Government is proposing an amendment to the Pensions Bill which will allow some people to make up to six additional years of voluntary (Class 3) NI contributions in addition to those permitted under existing time limits.

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