Tax paid by companies has nearly doubled in 10 years March 31, 2025 Businesses account for over a quarter of all UK tax receipts, according to new research by Thomson Reuters. Chancellor Rachel Reeves said Labour would become more “pro-business” than previous governments in the run-up to last year’s election. But new data by Thomson Reuters raises questions about the Chancellor’s record in office as companies face an [...]
UK motorsport businesses missing out on corporation tax relief January 21, 2025 The heart of the UK’s Formula 1 and motorsport hub could be paying unnecessarily high tax rates because they’re unaware of free relief available to them, a new study has revealed. Less than 10 per cent of firms are claiming Patent Box relief in the motorsport corridor of the UK, which houses the likes of [...]
Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
Audible: UK’s love for original content helps double profit October 3, 2024 Profit at the UK arm of audiobook and podcast giant Audible, which is owned by Amazon, doubled during its latest financial year, it has been revealed. The London-headquartered division has posted a pre-tax profit of £29m for 2023, up from the £14.7m it achieved in 2022. Newly-filed accounts with Companies House also show that Audible’s UK turnover [...]
Badenoch and Tugendhat flash low tax credentials September 30, 2024 Kemi Badenoch has said she would “love to see lower corporation tax” and stressed the need to “increase the appetite for risk taking” in a bid to go for growth. The former business secretary’s comments came during a leadership Q&A session for party members at the annual Conservative Party conference in Birmingham. She told the [...]
Pension tax relief: Reeves warned of ‘backlash’ – but offers up roadmap for firms September 3, 2024 Chancellor Rachel Reeves has declined to rule out increasing taxes on pensions in the upcoming Budget, sparking fresh warnings over “anti-growth” policies. Speaking in the Commons on Tuesday, Reeves refused to “speculate about what will be in the Budget” when asked to give savers “peace of mind” over rumoured annuity levies. Despite failing to give [...]
C-suite executives list tax certainty as a priority from Reeves, survey finds July 29, 2024 Clarity on tax is the number most important thing bosses want from the new government, a survey of C suite execs has found.
Tax rises are coming and these are the ones to look out for May 21, 2024 Unless the next government rips up the fiscal rules it’s going to have to raise taxes, so it pays to think about where the extra money might actually come from, says Tim Sarson Last September I wrote about how our Government and its peers around the world are running out of money as they face [...]