Tag: HM Revenue & Customs

HMRC: House sales weak in August

HMRC: House sales weak in August

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in August in the UK. According to HMRC, 78,000 homes worth at least £40,000 or more were sold in the month – 6,000 less than the previous month and 3,000 lower than in August 2010. However, August is traditionally […]

September 23, 2011 More
Brits to pay tax on money hidden in Swiss bank accounts

Brits to pay tax on money hidden in Swiss bank accounts

UK residents holding cash and investments with Swiss banks are to be taxed by Swiss authorities, with the money then handed over to HM Revenue and Customs (HMRC). A deal has been agreed between governments whereby account holders can retain their anonymity but will be forced to make their contribution to the Treasury. HMRC expects […]

August 25, 2011 More
HMRC: House sales fall in April

HMRC: House sales fall in April

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in April in the UK. According to HMRC, 66,000 homes worth at least £40,000 or more were sold in the month – 1,000 less than the previous month and 6,000 lower than in April 2010. Today’s figures, along with […]

May 24, 2011 More
HMRC: House sales rise in February

HMRC: House sales rise in February

HM Revenue & Customs (HMRC) has today revealed a slight rise in the number of homes sold in February in the UK. According to HMRC, 57,000 homes worth at least £40,000 or more were sold in the month – 4,000 more than January‘s levels. The figures come as the British Bankers’ Association (BBA) revealed a […]

March 23, 2011 More
BBA: Mortgage approvals up 3% in February

BBA: Mortgage approvals up 3% in February

The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. […]

HMRC: House sales slump in January

HMRC: House sales slump in January

HM Revenue & Customs (HMRC) has revealed a slump in the number of homes sold in January in the UK. According to HMRC, just 54,000 homes worth at least £40,000 or more were sold in the month – the lowest number since January 2010. The figures are revealed as the British Bankers’ Association (BBA) reported […]

February 23, 2011 More
HMRC: House sales slightly up in 2010 on year

HMRC: House sales slightly up in 2010 on year

HM Revenue & Customs (HMRC) has reported that the number of homes sold in the UK during 2010 was 885,000. While this was a slight improvement on 2009 levels, it was just over half of the peak seen during the housing boom years of 2006 and 2007. The figures are evidence that the housing market […]

January 26, 2011 More
Land Registry reports 0.8% fall in October house prices

Land Registry reports 0.8% fall in October house prices

According to the Land Registry, house prices fell by 0.8% in October compared with September, putting the average cost of a home at £165,505 in England and Wales. It must be noted that the Land Registry compiles its data from completed transactions and therefore lags behind other monitors of the housing market but is generally […]

November 26, 2010 More
House sales fall in September

House sales fall in September

Latest figures from HM Revenue & Customs show house sales across the UK falling to 78,000 in September, compared with 82,000 in August. Completed transactions on homes worth over £40,000 fell for the second consecutive month, with the total also down slightly on a year earlier, marking the first annual decline recorded by HMRC in […]

October 22, 2010 More
September gross mortgage lending slumps to 10-year low

September gross mortgage lending slumps to 10-year low

The Council of Mortgage Lenders (CML) has today revealed gross mortgage lending totalled £12 billion in September – the lowest September total since the year 2000. According to the CML, gross mortgage lending fell 1% on the month and was 7% lower than in September 2009. The latest figures highlight the ongoing sluggishness of the […]

October 20, 2010 More
House sales up 15% year-on-year

House sales up 15% year-on-year

New figures from HM Revenue & Customs show the number of homes sold in the UK rising to 86,000 in June. Completed transactions on properties worth over £40,000 increased by an annual 15%, having leapt 21% on May. The summer bounce also took volumes for the first six months of the year up 21% on […]

July 22, 2010 More
Recession hits personal pension contributions

Recession hits personal pension contributions

Figures published by HM Revenue & Customs (HMRC) revealed the recession had a severe impact on personal pension contributions. According to figures, workers put £1 billion less into their personal pensions last year – the first fall since the mid 1990s and was primarily due to lower employee contributions. Higher unemployment during the period and […]

May 18, 2010 More
HMRC to see big rebound in income tax

HMRC to see big rebound in income tax

HM Revenue & Customs (HMRC) has said the Government is expected to see a rise in income tax revenue this year. Income tax revenue has plummeted over the last two years, one of the reasons is the recession which has hit tax revenues. Tax receipts and corporation tax takings have been lower, as well as […]

May 5, 2010 More
March house sales up 24% on the year

March house sales up 24% on the year

New figures from HM Revenue & Customs show house sales rising to 72,000 in March, with the total increasing by 13,000 (22%) on February, the BBC has reported. With January’s end to the stamp duty holiday still making its mark, March sales were still dwarfed by the 103,000 completions in December. However, compared with a […]

April 23, 2010 More
Official figures show February rise in house sales

Official figures show February rise in house sales

UK house sales rose in February, according to HM Revenue & Customs. The month saw 58,000 transactions completed on properties worth over £40,000, up 14% from January. The total fell well below December’s tally of 103,000, when sales activity clustered as the end of the stamp duty holiday loomed, but showed a significant improvement on […]

March 26, 2010 More
Growth too slow to halt record company administrations

Growth too slow to halt record company administrations

Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010. Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: “There is no light at the end of the tunnel for troubled […]

February 9, 2010 More
HMRC confirms which organisations are affected by new super tax

HMRC confirms which organisations are affected by new super tax

HM Revenue & Customs (HMRC) has confirmed that the bank bonus tax will not apply to staff of non-banking firms such as insurers, assets managers and stockbrokers. There were queries about which organisations would be affected by the 50% tax, which was announced the Pre-Budget Report, but it has been confirmed that it will apply […]

House sales show August dip

House sales show August dip

Figures from HM Revenue & Customs show UK house sales falling back slightly in August, with volumes registering their first decline for a year. Transactions for properties worth over £40,000 stood at 83,000 for the month, compared with 87,000 in July. However, the August figure was 19% up on a year earlier and more than […]

House sales up in May

House sales up in May

Latest figures from HM Revenue & Customs (HMRC) show a rise in the number of homes sold in the UK during May. Transactions involving properties worth over £40,000 increased by 7% last month to 62,000 and were at their highest since October 2008. However, they remained significantly below levels seen at the height of the […]

House sales fall 53%

House sales fall 53%

The extent of the slowdown in the UK housing market is amply illustrated by latest figures from HM Revenue & Customs (HMRC), which receives notification of all residential property transactions with a value of over £40,000. According to HMRC, a mere 59,000 residential properties changed hands in September. The figure is at its lowest since […]