A working group has been established to improve HMRC’s ISA manager register, in response to the Gloster report’s call for better engagement between regulatory bodies.
Peer2Peer Finance News understands that the new director-led steering group, which is made up of HMRC, Treasury and Financial Conduct Authority (FCA) representatives, will aim to improve intelligence sharing between HMRC and the City watchdog.
This has already resulted in new intelligence being shared and acted on. HMRC’s ISA manager list has been updated, with more than 30 companies removed from the register and new information added to make it easier for investors to understand.
Moving home is often voted one of the most stressful things you can do - but this year there are two added pressures.
These are the rush to complete before the stamp duty holiday deadline, which expires on 31 March this year, and the complications caused by lockdown restrictions.
Since the stamp duty holiday was announced, people have been keen to take up the opportunity to save money as a result of this tax being temporarily scrapped for the portion of a home purchase under £500,000.
But in the rush to secure a home, buyers may overlook some expenses or make mistakes that could cost them even more money.