Should you PEP up your portfolio before ISAs arrive?

Article Abstract:

The UK government proposes that investors in personal equity plans (PEPs) will be able to transfer funds over to Individual Savings Accounts (ISAs), which will operate from Apr 1999, thus retaining their exemption from tax. However, there will be a ceiling of 50,000 pounds sterling, a policy which has attracted considerable criticism from investment experts. Financial trade associations and PEP providers have been putting strong pressure on the government to lift the upper transfer limit and the life-time ceiling of 50,000 pounds sterling that any one person can invest in ISAs.

Commercial Banks, Commercial Banking, Tax Deductions & Exemptions, Consumer Savings, Tax deductions, Savings accounts, Tax exemption, Tax exemptions

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The taxman takes on cyberspace

Article Abstract:

The European Commission has released a policy paper indicating that all Internet transactions should be taxed as services. This means that consumers who purchase and receive products or services via the Internet will be liable to pay VAT on them. The European Commission believes that it is unfair for purchases sent directly to an individual's PC or network to be completely free of VAT and import duties. It now plans a round of consultation with national governments and business groups to identify how tax can be levied on these transactions.

Tax Law, Internet, Value-added tax

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Wine has a sweeter taste

Article Abstract:

It is important to exercise considerable caution when considering investing in wine or liquor. Investment schemes which purchase champagne or whisky, for example, are mainly unregulated, and this means that investors do not enjoy the protection of the Investors Compensation Scheme. Campagne producers currently have very large stocks, and this means that prices are very unlikely to rise in the foreseeable future. It is probably best to focus on investing in find red Bordeaux and burgundy wines.

Purchasing, Wine

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