Tax
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Five key employment law developments to watch out for in April
Wed, 14 Mar 2018
Check these out
HMRC’s warning to offshore tax dodgers should be taken seriously
Wed, 7 Mar 2018
Here’s why
Nearly 100,000 London business properties face inflation busting tax rises next month
Mon, 5 Mar 2018
With increases of more than 3 per cent
More than half of HMRC fines for late VAT payment overturned
Mon, 26 Feb 2018
HMRC proven wrong following internal review in over 1 in 2 of the fines issued for late VAT payments and filings
What do the new SEIS/EIS guidelines mean for London businesses planning to crowdfund?
Thu, 22 Feb 2018
Read on to find out
Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance
Mon, 19 Feb 2018
New report shows
Ballooning VAT bill now worth 21 per cent of all HMRC take, up from 16 per cent during the recession – hitting small businesses the hardest
Mon, 5 Feb 2018
Late payments from customers mean VAT can cripple small business cashflow
Hammond asks for review of inheritance tax
Wed, 31 Jan 2018
Here’s why
UK businesses owe £4.4bn in overdue Corporation Tax and VAT as they struggle to find cash to pay
Mon, 15 Jan 2018
Firms owe record high £1.89bn in Corporation Tax and further £2.5bn in VAT
Unveiled: Scottish income tax changes
Thu, 14 Dec 2017
A new tax band of 21p on earnings between £24,000 - £44,273
IFS warns the Conservatives and Labour against new ‘tax lock’
Mon, 1 May 2017
Here’s what you need to know
Take a look at this if you need help with year-end tax planning
Tue, 31 Jan 2017
This could be of interest to you…
Budget 2015: The key measures for businesses and entrepreneurs
Wed, 18 Mar 2015
A quick digest of the things that will affect your business, taxes and NI
Paper tax returns will be scrapped by 2020
Wed, 18 Mar 2015
BUDGET 2015: New digital tax accounts will save time and trouble
HSBC bosses: “Sorry... but it was mainly Swiss management’s fault”
Thu, 26 Feb 2015
Regrets… and some finger-pointing
Named & shamed: 37 companies not paying minimum wage
Thu, 15 Jan 2015
There are big names among them – but is it all as bad as it seems?
Justin Urquhart Stewart: Conference season is throwing up dodgy tax ideas - so here's what would actually work
Mon, 29 Sep 2014
The Seven Investment Management founder shares his views
The Tories could merge income tax and national insurance
Mon, 30 Jun 2014
It would be a radical change to the tax system in this country. But the Conservatives are apparently up for it.
Taxpayer forks out £4m for Wills and Kate’s apartment refurbishment
Mon, 23 Jun 2014
Even in the most exclusive parts of London, £4m could get you a pretty nice home.
Superstar medium-sized businesses are being held back by tax. Could these measures help?
Mon, 23 Jun 2014
Medium-sized businesses (MSBs) are often the unsung heroes of the economy.
From Links of London to Travelodge, why business superstars have enrolled staff on a pension scheme
Mon, 16 Jun 2014
And why you should too…
Why you need to act NOW to automatically enrol staff into a pension scheme
Mon, 19 May 2014
It could cost your business up to £50,000 if you don’t take action on time
We are seeing “biggest tax reductions in two decades” – Osborne
Mon, 31 Mar 2014
A wide range of new tax cuts come into force this April, on top of cuts that have already been implemented, and Chancellor George Osborne is set to say that we are undergoing “the biggest reduction of business and personal tax in two decades”.
HMRC failing to chase big business while hounding SMEs - MPs
Thu, 19 Dec 2013
HMRC has been slammed for not doing enough to claim taxes from large corporations, the Public Accounts Committee has said.
G4S paid no UK tax in 2012, despite £700m of government contracts
Tue, 12 Nov 2013
Shamed security company G4S paid no UK corporation tax on its £1.4bn revenues in this country in 2012.
Ed Balls says he would want lower top rate of tax, contrary to Labour stance
Mon, 4 Nov 2013
Ed Balls has said that he “personally” would want a lower top rate of income tax, despite this being contrary to Labour’s stance.
UK will publicly expose ownership of “shell companies” to deter corruption
Thu, 31 Oct 2013
The UK will become one of the first countries to expose the ownership of “shell companies” and make a full list of them public.
Government has made £1bn from energy price hikes
Fri, 18 Oct 2013
The Treasury has raked in £1bn from energy price hikes over the past seven years.
Payday lenders to face extra taxes if Labour comes to power
Thu, 17 Oct 2013
Ed Miliband will announce today that payday lenders would face additional taxes if Labour is elected in 2015.
Give us a flat tax, IOD demands, as some families pay 73% tax
Mon, 7 Oct 2013
Simon Walker, director-general of the IOD, has called on George Osborne to introduce a flat tax, as it emerged that some middle-income families are paying 73% tax on income since losing child benefit.
Google paid less than £12m in corporation tax in 2012
Mon, 30 Sep 2013
Google is set to come under fire again after the disclosure yesterday that it paid only £11.6m in UK corporation tax in 2012, on UK revenues of £506m.
Miliband to offer £800m tax break for small firms
Tue, 24 Sep 2013
In a bid to position Labour as “the party of small business”, Ed Miliband will today offer an £800m tax break to smaller companies .
Epic fail! Only one in 20 alleged top tax dodgers caught last year
Fri, 9 Aug 2013
After a year on the run as HMRC’s most wanted, 19 out of the 20 tax dodging suspects are still at large, it emerged today.
HMRC is not "assertive enough" with tax-dodging multinationals, says Lords committee
Wed, 31 Jul 2013
The House of Lords’ economic affairs select committee has called for more funding for HMRC to crackdown on tax-dodging schemes of Britain’s biggest companies.
Boris Berezovsky may have owed £100m to HMRC
Fri, 19 Jul 2013
Deceased Russian oligarch Boris Berezovsky may have owed the taxman £100m, The Times has reported.
Carolyn McCall OBE: How to grow the economy by £16bn in three years
Fri, 19 Jul 2013
The CEO of easyJet writes exclusively on the tax the government could cut to create real growth
Bad call: Brits spend £56m phoning government's expensive helplines
Thu, 18 Jul 2013
It’s pretty shocking, but anyone who has called a government helpline won’t be particularly surprised. Brits spent some £56m calling higher-rate government helplines between 2012 and 2013, a National Audit Office (NAO) report has shown, for a total of 880 million minutes.
HMRC loses out on almost £1bn due to PAYE overhaul
Tue, 16 Jul 2013
The overhaul of the Pay As You Earn system (PAYE) has cost HMRC more than £950m, the National Audit Office (NAO) has revealed.
MPs looking into Prince Charles' tax affairs
Mon, 15 Jul 2013
The Cornwall Estates belonging to Prince Charles has come under scrutiny from a group of MPs probing allegations of tax avoidance and evasion.
Osborne promises no more tax rises if elected in 2015, but can he do it?
Fri, 12 Jul 2013
No more tax increases? Sounds like a pretty sweet deal in these pressing economic times and a likely vote winner for Osborne if he can pull it off.
Jersey’s tax revenues give £2bn to the UK despite avoidance
Wed, 3 Jul 2013
Jersey is generating about £2bn worth of taxes for the UK economy despite its status as a tax haven, new research has claimed.
Dragons’ Den PR blasts "Nazi" HMRC’s "slaughter of innocents" in tax battle
Mon, 24 Jun 2013
The government’s tax inspectors have been accused of “barbarianism” and “wreaking fear and havoc on innocent small businessmen across Britain” by a top financial PR.
Starbucks stumps up £5m of UK tax for the first time in five years
Mon, 24 Jun 2013
Coffee giant Starbucks’ daily grind over tax avoidance may now be over as it has paid £5m in UK corporation tax for the first time since 2009.
Can London remain a world-leading city?
Thu, 20 Jun 2013
London First chief Baroness Jo Valentine on how to safeguard the capital’s competitiveness
Infographic of the week: Corporation tax avoiders - the game
Wed, 19 Jun 2013
Who are the high scorers in the tax dodging game?
Scoop! Jerry from Ben & Jerry’s tells firms to pay "at least" their fair share in tax
Thu, 13 Jun 2013
With the tax affairs of international giants like Google, Starbucks and Apple attracting mounting criticism, ice cream mogul Jerry Greenfield has waded into the debate.
Apple co-founder Wozniak says fury over tax policy "extremely warranted"
Fri, 31 May 2013
Apple co-founder Steve Wozniak has said “criticism of Apple’s tax policies is extremely warranted” and that he believes corporations should be taxed on income rather than profit, as individuals are.
Wahey! Today is tax freedom day
Thu, 30 May 2013
Today is annual tax freedom day, the day after which point we theoretically stop working for the government’s coffers and start working for ourselves.
Google's Eric Schmidt: Don't blame me, blame the irrational tax system!
Thu, 23 May 2013
Google chairman Eric Schmidt has launched a fierce defence of his company’s tax arrangements, arguing that the fault resided with the “irrational” tax system.
Tax avoidance clampdown could cost UK jobs, warns minister
Tue, 21 May 2013
Clamping down on corporate tax avoidance could cost Britain jobs and outside investment, tax minister David Gauke has warned.
Surrey borough aka 'Beverly Hills' of Britain pays 200 times more tax than Google
Mon, 20 May 2013
The sleepy Surrey borough of Elmbridge is home to some rather saucy characters like Rolling Stones guitarist Ronnie Wood and tennis champ Andy Murray.
MPs accuse Google of "doing evil" in grilling over "devious" tax arrangements
Thu, 16 May 2013
MPs have accused Google of trying to “disguise” its business operations in order to lower its tax bill.
Amazon paid just £2.4m in tax, and was GIVEN £2.5m in government grants!
Thu, 16 May 2013
The multinational corporation tax controversy reared back into life late yesterday as it emerged that Amazon’s UK subsidiary paid just £2.4m in UK tax last year.
5 weirdest taxes of all time
Tue, 14 May 2013
Hollande’s dumb smartphone tax got us thinking about past follies
Only two FTSE 100 companies not using tax havens
Mon, 13 May 2013
Many of the UK’s best known companies are using dozens, if not hundreds of offshoot companies in tax havens, research released today has shown.
Tax rises leap from 299 to 413, versus just 166 cuts
Thu, 21 Mar 2013
Yesterday’s Budget will bring the total number of tax rises brought in over the term of the Coalition government to more than 400. The government has or will introduce only 166 tax cuts in the same time, according to new figures from the TaxPayers’ Alliance (TPA) out this morning.
Charlie Mullins: Tax avoidance has no place in the UK economy!
Wed, 5 Dec 2012
The Pimlico Plumbers boss gives out stink about large scale tax avoidance
Boris’ ultimatum to Starbucks, “Change tax arrangement or serve the society”
Mon, 19 Nov 2012
London mayor Boris Johnson has called on Starbucks to change its tax arrangements or “do more for the society.”
Multinationals to get big payouts from taxpayer
Wed, 14 Nov 2012
Furore may be surrounding the tax practices of big multinationals like Starbucks. But it actually seems the British taxpayer owes various multinationals for illegally charging corporation taxes for decades.
Is all the kerfuffle about Starbucks, Apple and Google tax payments justified?
Tue, 13 Nov 2012
UK director of world’s largest independent financial consultancy weighs in on the facts
UK’s top earners burdened by sixth highest taxes
Mon, 5 Nov 2012
Britain’s high-net-worth individuals earning more than £936,900 a year are battling with the world’s six highest tax rates, it emerged today.
Top tips for celebrity tax avoidance, from Kerching! magazine
Wed, 5 Sep 2012
TUC highlights £25bn tax avoidance in spoof gossip mag “Kerching!”
Wanted! Taxman posts photos of tax fugitives online
Thu, 16 Aug 2012
Wanted signs for UK tax fugitives have been published on HMRC’s Flickr channel (no, we didn’t know they had one either).
Google could face MPs over tax avoidance
Mon, 13 Aug 2012
Google chief executives could be made to face MPs following last week’s revelations that the tech giant pays just £6m of tax on its UK revenues of £3.95bn.
How to ensure you don't leave the taxman a gift when you die
Mon, 13 Aug 2012
Mike Fleming CTA. TEP. Tax Director at Straughans Chartered Accountants reveals how to prepare your estate to reduce Inheritance Tax
'Cowboy' tax advisers 'will be named and shamed'
Mon, 23 Jul 2012
Tax advisers who push the law to the limit with tax avoidance schemes will be named and shamed under a government crackdown.
Airport taxes could cost UK economy £10bn and 250k jobs
Wed, 4 Jul 2012
Business leaders have supported a move to reduce the level of Air Passenger Duty (APD) after MPs received more than 10,000 emails from constituents.
Hodge shocked by HMRC's "sheer scale of waste and mismanagement"
Fri, 29 Jun 2012
HM Revenue and Customs wrote off taxes totalling more than £5bn last year, according to a report from official auditors.
Jersey could breakaway from UK after tax row
Wed, 27 Jun 2012
Jersey is getting a “raw deal” from the UK and should be “ready to be independent” after coming under pressure over its tax schemes, a politician has said.
Ed Balls calls for postponement of 3p fuel duty increase
Tue, 26 Jun 2012
The £500m underspend on the Olympic Games should be used to postpone the 3p increase in fuel duty planned for August, according to Labour.
HMRC staff down tools and strike over job cuts
Mon, 25 Jun 2012
Another day, another strike - this time it’s some 55,000 revenue and customs staff walking out over job cuts and “creeping privatisation”.
How tax is crippling us: London vs NYC, Paris, Hong Kong, Shanghai
Sun, 24 Jun 2012
Our comparison of take-home pay for UK expats exposes the threat London faces of a talent exodus
Best Jimmy Carr tax avoidance jokes on Twitter
Thu, 21 Jun 2012
Jimmy, Jimmy, Jimmy. Obviously everyone has been hitting you back with lots of witty one-liners. Here are our favourites
James Max: Abolish stamp duty now and the economy will grow
Mon, 11 Jun 2012
Stamp duty is strangling the economy argues LBC radio presenter James Max. We must abolish it now
London's markets to be targeted by HMRC for tax evasion
Thu, 31 May 2012
Six additional tax forces have been announced today by HMRC in a bid to turn up the heat on tax evaders. The campaigns are specifically looking at people trading in specific geographical areas in an attempt to recover some £25m in unpaid taxes.
IoD calls for single 30p rate of tax
Mon, 21 May 2012
Business leaders and a campaign group have proposed a single 30 per cent rate of income tax and more public spending cuts to boost growth.
Bakers protest at Downing Street against pasty tax
Thu, 26 Apr 2012
Hundreds of bakers and their supporters have braved torrential downpours to protest against the controversial “pasty tax” outside Downing Street.
Cameron refuses to deny Sir Philip Green is “morally repugnant”
Mon, 23 Apr 2012
Hollywood actress condemns government over tax relief changes
Fri, 13 Apr 2012
The Hollywood actress Kate Blanchett has stepped into the row over changes in tax relief for charity donations.
Sly! The 10 most popular tax avoidance schemes
Fri, 13 Apr 2012
With all this fuss about Ken and his tax affairs hitting headlines, we thought we’d give you the 10 most popular
Osborne's plans to limit tax relief are just "red herrings"
Tue, 10 Apr 2012
George Osborne’s plans to get the rich to pay more tax are nothing more than “red herrings”, according to a London-based chartered financial planner.
Multinationals make up for corporation tax shortfall elsewhere - says tax specialist
Thu, 5 Apr 2012
A London-based corporate tax specialist has revealed that although big businesses might avoid paying UK corporation tax by basing their operations overseas, as highlighted by the media coverage afforded to Amazon recently, they invariably pay higher levels of other taxes.
London SMEs 'could defer £165m in business rates'
Thu, 5 Apr 2012
SMEs in London could delay paying £165m in business rates under a new scheme opened by the government, it has been claimed.
HMRC is changing the way it looks at the wealthy. Do you have anything to hide?
Wed, 28 Mar 2012
From a shiny Ferrari to a holiday home in Hawaii, if the super-rich have evaded tax on their riches, now is the time to come clean warns KPMG’s Greg Limb
Bakers forced to pass pasty tax to consumers
Wed, 28 Mar 2012
Bakers will have no choice but to pass the VAT charged on hot pasties and pies onto customers, a north west London bakery has said.
Could this spell the end for company cars?
Thu, 22 Mar 2012
Workers will increasingly look to claim expenses on their own private vehicles rather than drive company cars as a result of the Budget, it has been claimed.
Corporation tax cuts is still not enough says London firm
Thu, 22 Mar 2012
The government’s immediate one per cent cut in corporation tax is “not that significant” but plans for further reductions have been welcomed by a London facilities management firm.
Never mind Lord Sugar, ask SMEs how to simplify tax demands City accountant
Tue, 20 Mar 2012
The government should be dealing with London’s SMEs directly to discuss how to simplify the tax system rather than consulting with the likes of Lord Sugar, it has been claimed.
Charlie Mullins: From 50p to mansion tax - a bad tax replaced with a barmy one?
Thu, 8 Mar 2012
The “Mansion Tax” is back on the agenda again and Charlie Mullins isn’t best pleased
Mansion tax debate rears its head again
Wed, 7 Mar 2012
Liberal Democrat efforts to introduce a mansion tax are in the news once again after Business Secretary Vince Cable went public with demands for it to be implemented in exchange for agreeing to abolish the 50p top rate of income tax.
Unnecessary tax payments "will cost SMEs £7bn"
Tue, 6 Mar 2012
London’s small businesses have been urged to seek professional advice over tax after a report revealed billions of pounds will be wasted on unnecessary payments this year. The UK’s SMEs will spend £7.15bn more than necessary on tax this year, according to unbiased.co.uk’s Small Business Tax Action Report. This means the average small business will put £1,589 more into the taxman’s pockets than they need to. Incorporation tax wastage, such as when a small firm ...
Business leaders urge Osborne to scrap 50p tax rate
Thu, 1 Mar 2012
Chancellor George Osborne should scrap the 50p top rate of tax in the Budget because it is “damaging” the economy, according to a letter signed by more than 500 business leaders.
Clegg calls for mansion tax in March's Budget
Thu, 26 Jan 2012
Nick Clegg has repeated his call for a mansion tax to be introduced when the Budget is announced in March.
Big businesses should not abuse tax rules - Clegg
Thu, 5 Jan 2012
Nick Clegg has called for action against big businesses which abuse the system to avoid paying their fair share of tax.
Tax break should include London firms - Labour
Wed, 4 Jan 2012
Labour has called on the government to expand a National Insurance tax break to include new businesses in London. New companies outside of the capital, the South East and the East of England can take advantage of a tax holiday worth up to £5,000 for each of the first 10 people they employ. The scheme was created last year to encourage private sector growth. But just over 10,000 businesses have used the tax holiday so far at a cost of £6m and supporting only 12,400 ...
City leaders rally: "Osborne must axe 50p tax rate to aid growth"
Fri, 11 Nov 2011
George Osborne should speed up plans to axe the 50p tax to protect the UK economy from the eurozone crisis, leading City figures have said.
The debate: Should the 50p tax rate be abolished?
Sun, 16 Oct 2011
We challenge three eminent economists to fight their corners: should the UK’s highest tax rate be scrapped?
High taxes hurting London pubs - BBPA
Fri, 9 Sep 2011
High taxes are making it increasingly difficult for pubs in London to survive, according to the British Beer and Pub Association (BBPA).
Scrap the 50p tax rate, LCCI tells Osborne
Wed, 7 Sep 2011
The London Chamber of Commerce and Industry (LCCI) has joined a group of leading economists in calling for George Osborne to drop the 50p top rate of income tax.
The transport stealth tax squeezing London businesses
Fri, 2 Sep 2011
Infrastructure levies are sneaking up again. How much will companies have to fork out over the coming years?
Business rates farce ends at last
Wed, 31 Aug 2011
Firms wanting to build new premises will benefit as business rates income is handed to councils
Treasure Islands, by Nicholas Shaxson
Thu, 28 Jul 2011
Tax, boring? Not when Nicholas Shaxson is telling the tale. He kicks off his exposé of offshore centres with a 100 decibel tirade
