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Archive: Nov 2015

  1. Author: JW / / Latest News

    HMRC have announced they are going to close 170 offices across the country

    HM Revenue & Customs have announced that they are going to close all 170 offices across the country and replace them with 13 new regional tax centres. This is part of a major restructuring which is going to save hundreds of millions of pounds from its budget.

    HMRC have announced that these changes will come into force over the next 10 years as part of the on going modernisation.

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  2. Author: JW / / Latest News

    From the 1 January 2016 the deposit protection limit is changing from £85,000 to £75,000

    If your bank, building society or credit union fails, the Financial Services Compensation Scheme (FSCS) protects your eligible deposits up to the deposit protection limit.

    If you have eligible deposits of more than £75,000, you are unlikely to be fully protected after 1 January 2016 so you may need to take action if you wish to remain fully covered by the FSCS.

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