Monday, July 22

Day: May 28, 2016

Buy-to-let investors adopt new strategies in UK
ENGLISH, United Kingdom

Buy-to-let investors adopt new strategies in UK

    Buy-to-let clampdown explained: Four ways the UK tax changes would be bad for landlords. It has been just over six weeks since buy-to-let landlords were hit with tax changes designed to turn them away from investing in property. But even the potential for dents to profits have done little to dampen buyers’ appetites. Undeterred, bidders piled into the sale room at one of the country’s biggest property auctions this week. It was the biggest turnout auctioneers Allsop, one of Britain’s leading residential property auction houses, had seen since the start of the year. Between 1,500 and 2,000 buyers attended the central London event and competition for each lot was fierce, particularly for investment properties in London and the South East. Early on, one ex-council terrace hou...
Overpriced rickshaws to be removed from London’s roads in new government crackdown
ENGLISH, London

Overpriced rickshaws to be removed from London’s roads in new government crackdown

    Rickshaws charging extortionate prices for short trips will not be allowed to roam London's streets. Some rickshaw drivers have been criticised for charging extortionate rates for short trips in London (Pic: Candice Nolan) A new government crackdown will force rickshaws to apply for a licence before they roam London's tourist spots. The tuc tuc vehicles, parked in areas such as Oxford Street, will have to charge "reasonable" fares for short journeys according to Transport Secretary Patrick McLoughlin. Although police can give rickshaw drivers a ban from riding in west end areas , the new rule aims to reduce the number of people paying extortionate fees. Mr McLoughlin said: "It’s totally unacceptable for passengers to be taken for a ride by pedicab drivers and charged rip-o...
Apple CEO sees iPhone in 350 years old painting
ENGLISH, Technology

Apple CEO sees iPhone in 350 years old painting

    Nowadays, more and more people are being sucked into the latest phenomenon where they see a modern gadget in old image or an ancient piece of footage. Could it possibly be time travel? Whatever it may be, Apple CEO Tim Cook has fallen under its spell, reports CNET. As CNBC reports, Cook was enjoying an onstage chat with former European Commissioner Neelie Kroes at the Startup Fest in Amsterdam when he was asked, "Do you happen to know Tim, where and when the iPhone was invented?" As questions go, this might rank with: "Tim, do you know your name?" or "Tim, does Apple make magical, revolutionary products?" Cook's reply perhaps showed his fascination: "You know, I thought I knew until last night. Last night Neelie took me over to look at some Rembrandts, and in one of the pa...
EU leaders are planning a post Brexit future without the UK
ENGLISH, Europe

EU leaders are planning a post Brexit future without the UK

    EU leaders are planning a post-Brexit future without the UK Senior EU leaders are preparing the ground for a possible Brexit vote with high-level meetings aimed at a “plan B” future of the bloc without the UK, including closer co-operation on security and defence matters. The leaders of Germany, France, Italy, Belgium and other core members are likely to “double down” on closer union,the Financial Times reported, amid concern that Brexit could encourage separatist sentiments in other EU states. Officials expect a punitive approach to Britain, with an official meeting of 27 leaders – excluding David Cameron – expected shortly after a potential Brexit vote. Senior Whitehall figures have identified EU leaders’ concerns over “contagion” of anti-EU sentiment as a key reason why...
Three men jailed for involvement in six-figure Gift Aid and VAT fraud
ENGLISH, London

Three men jailed for involvement in six-figure Gift Aid and VAT fraud

    Three men, including an accountant from Harrow, have been arrested for involvement in a six-figure Gift Aid and VAT fraud A Harrow accountant has been jailed for his involvement in a £400,000 Gift Aid and VAT fraud after an investigation by HM Revenue and Customs (HMRC). Abu Talib Ghadiri, a 35-year-old accountant, and his brother Mohsin Raza, 33, were found guilty of running a Gift Aid fraud in respect of two charities - the Fatimiyya Trust and The Light - that falsely claimed to promote education, development of medical centres and help victims of natural disasters in Pakistan. They submitted false repayment claims of £340,000 to HMRC, listing donations from deceased taxpayers, and used the details of ineligible taxpayers on the forms to claim the Gift Aid repayments. Ma...