£12.7m tax bill for Keydata over Isas

Stodell, Hannah
August 2009
Money Marketing;8/20/2009, p3
The article reports on the issuance of tax bill 12.7 million pounds by Her Majesty's Revenue & Custom for Keydata Co. administrator PricewaterhouseCoppers (PwC) in Great Britain. It states that the bill is more than double the 5 million pounds estimated when Keydata was pushed into administration by the FSA in June 2009. According PwC, the income payments will recommence on other suspended Keydata plans.


Related Articles

  • Five years of New Labour. Hayes-Newington, Mark // Money Marketing;3/21/2002, p48 

    Examines what the Labour Party-controlled government has done for the financial services industry in Great Britain from 1997 to 2002. Objective for creating Great Britain's Financial Services Authority; Financial products introduced by the government; Decision of the government on the removal...

  • Tenet calls for product tax to fund regulatory costs.  // Money Marketing;8/16/2012, p5 

    The article reports on the appeal made by Tenet to the British government to impose a premium tax on all retail financial services products to partly finance the Financial Services Authority (FSA) and Financial Services Compensation Scheme until the conduct of a review on financial services law.

  • FSA slammed over Keydata discs blunder. Holt, Natalie // Money Marketing;5/19/2011, p1 

    The article reports on the British Complaints Commissioner taking on British Financial Services Authority (FSA) for inappropriately handling sensitive and confidential information related to Keydata Co.

  • Opportunity knocks. Wickenden, Tony // Money Marketing;1/10/2013, p31 

    The article highlights tax-related activities in Great Britain in December 2012. It discusses the release of the Chancellor's Autumn Statement, the publication of the 2013 Finance Bill, and the results of several consultations on tax change. The full implementation of the Financial Services...

  • A TAX ON TRANSACTIONS? WHAT IS TURNER TRYING TO DO. EATWELL, LORD // Professional Manager;Nov2009, Vol. 18 Issue 6, p48 

    The article discusses the tax on transactions called by Financial Services Authority (FSA) chairman Adair Turner in Great Britain. It states that Turner has considered the explosion in transactions in relation to the underlying real activity growth due to the problems faced by the regulators....

  • Charging ahead. McKenna, Ian // Money Marketing;2/26/2009, p48 

    In this article the author relates his views about the major strategic challenge in taxing any person that runs a financial adviser firm, which is defining the best way in adapting their businesses to operate in a post-RDR environment in Great Britain. He states that it is clear that the...

  • Treasury rejects calls for industry levy. Tolley, Steve // Money Marketing (Online Edition);6/13/2012, p7 

    The article reports that the treasury has rejected calls for its work on financial services to be funded through an industry levy, following warnings from a former top civil servant it is at risk of being swamped by its workload. To avoid being at the expense of the taxpayer, perhaps the part of...

  • Davy resurrects idea of product levy to ease FSCS burden. Bone, Alison // Money Marketing;10/14/2004, p5 

    Cites the challenge by DBS and Ken Davey against the British Financial Services Authority (FSA) to introduce a product levy to combat the increases projected by the independent financial analysts (IFA) in their Financial Services Compensation Scheme (FSCS) bills. Recognition of the financial...

  • AIFA'S VIEW. Smee, Paul // Money Marketing;10/14/2004, p40 

    Presents alternative ideas to the Financial Services Compensation Scheme proposed by the British Financial Services Authority (FSA). Suggestion for the FSA to delineate the shouldering of liabilities between the provider, distributor and consumer; Need for providers to elucidate the reasons for...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics