Page 2469 


The Vic Daniels Column

First class stamps are going up to 41p. What a joke. I send everything I can by e-mail these days, and it's good to see that HM Revenue & Customs (usually clowns themselves) are insisting that many firms now file their VAT returns online from next year.

More Bonus News

The Independent reports that HSBC looks likely to follow Deutsche Bank and spread the impact of the UK bank bonus tax around its global employee population. A similar move is also thought to be being considered by Barclays Capital.

UK Tax Authorities Clarify Scope Of Bank Bonus Tax

'The bank payroll tax announced at PBR 2009 applies to retail and investment banks (including building societies), and to banking groups. It does not apply to non-banking companies outside of banking groups (for example, insurance companies, asset managers, stockbrokers etc.).

Last Man Standing - Bank Of America's Incoming CEO

Bank of America announced the appointment of insider Brian Moynihan Thursday. He does, however, appear to have got the job by default, given that the bank was unable to attract an outsider for the role, and the only other serious internal candidate, Chief Risk Officer Greg Curl, is said to have been vetoed by New York State Attorney General Andrew Cuomo.