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Inside: Loans UK

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Government announces further details about changes to pensions tax relief
Financial Secretary to the Treasury, Mark Hoban, announced today how the facility for meeting high annual allowance (AA) charges from pension benefits will work in practice, including that the tax should be paid at the point the charge arises.

Financial reporting set to change for SMEs
New reporting standards for small to medium-sized enterprises (SMEs) are provisionally set to be implemented on 1st July 2013, giving companies at least 18 months to prepare for them.

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