“This is not an empty threat — HMRC can, and will, track you down if you choose to break the rules.” — David Gauke, the Treasury minister, pictured above, on a new task force set up to tackle tax evaders
Wave hello to higher limit
The price limit on purchases made using wave-and-go card technology has risen from £15 to £20. The increase comes as the Post Office starts to add contactless payment terminals to all its 11,500 branches.
Money site’s £87m deal
Martin Lewis, the personal finance campaigner, has sold his moneysavingexpert.com website for £87m to Moneysupermarket, the price comparison website.
U-turn on charity tax
The Treasury has said that it will now exclude charitable giving from the cap on income tax relief. The amount of relief is to be limited from April 2013 at £50,000 or 25% of income, whichever is higher.
Market hit by US job slump
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