On a momentous day of news, IFAonline looks at some of the best April Fool's stories around the world...
Secret plans are being drawn up for a UK cat tax, it has been revealed in European court papers.
The law will require cat owners in England and Wales to pay €40 (£35.70) a year for each cat they own, for which they will get an official cat licence with a picture of their pet on, This Is Money reports.
It would raise around £375m a year for the Treasury - enough to cover some senior public sector managers' salaries and pensions.
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Portugal has negotiated a deal with Cristiano Ronaldo to sell him to neighbours Spain in an effort to tackle the country's spiralling debt.
The Read Matrid star is to cross the Iberian divide in a deal worth €160m, the Independent reports.
Although the fee will barely dent the €12bn Portugal owes, Prime Minister José Sócrates, believes that the international bond markets will take it as a symbol of Portugal's determination to tackle the crisis, and respond accordingly.
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The coalition government is to tax air we breathe in an effort to raise more money.
The Air Tariff Control system will assess charges in different areas of the country and every household will be liable for payments, which will be administered by local authorities and added to council tax bills, the Mirror reports.
The project, to be run by a private firm under a five-year licence, is designed to fund air quality improvement initiatives and will charge people in rural areas more than those in heavily-polluted urban areas.
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Google is to roll out technology to enable Gmail users to control the email service using their body motions.
Gmail Motion uses your computer webcams and Google's patented spatial tracking technology to detect movements and translate them into meaningful characters and commands.
The company says the movements are designed to be simple and intuitive for people of all skill levels and could help to improve productivity and increase physical exercise.
Read more here
Labour party members have been urged to celebrate the forthcoming wedding of Ed Miliband and Justine Thornton with street parties, trifles and bunting.
The Telegraph reports it has seen a secret memo, sent to various Labour councillors, asking party members to mark in their diaries May 27th as a "red letter day", which should be enthusiastically celebrated.
Tesco said it has already commissioned Ed and Justine bunting, and that it was considering stocking a range of mugs, plates and soap-on-a-ropes to cash in on the event.
Meanwhile, Asda has held talks with the Labour Party about manufacturing "Mini Mili Trifles", which will contain the family's favourite fruit - bananas
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