HMRC takes Royal Bank of Canada to the UK’s highest court over corporation tax November 4, 2024 The tax agency has taken the Canada's largest bank to the UK Supreme Court over corporation tax payments on a North Sea oil production
Autumn Budget 2024: Treasury cracking down on fraud October 30, 2024 The Chancellor of the Exchequer has made fraud and error in the welfare system a priority, with a new programme aiming to save £4.3bn by the end of the decade
Top City tax barrister charged with tax evasion October 28, 2024 A top City tax barrister has been charged with tax evasion, it has emerged.
Wise boss fined by City regulator for ‘significant tax issue’ October 28, 2024 The Financial Conduct Authority (FCA) said the issue was relevant to its "assessment of Mr Käärmann's fitness and propriety" and he had therefore breached a senior manager conduct rule.
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
Fear of failure is holding British entrepreneurs back October 24, 2024 Too many aspiring UK entrepreneurs believe they are doomed to fail before even starting a business, a new report finds It takes great courage to start a business. Often, it means leaving a job with a guaranteed income, holiday allowances and welfare contributions. It is hardly unsurprising then that most people are afraid to make [...]
Taxman hits Halifax Panthers with fresh winding up petition October 22, 2024 The tax authority has hit professional rugby league club Halifax Panthers with a new winding up petition on Tuesday
Inheritance tax receipts hit record high ahead of expected Budget reforms October 22, 2024 The government raked in £4.3bn from inheritance tax in the six months to September, a nine per cent rise on the same period last year, as Rachel Reeves lines up reforms to the unpopular tax in her Budget next week. According to figures released by HMRC on Tuesday, the Exchequer received £736m from inheritance tax [...]
Bytes Technology: NHS and HMRC contracts help lift profit as dividend hiked October 15, 2024 IT provider Bytes Technology has posted an uptick in income and operating profit as new and existing clients invest in their software. In its half year results for the six months ended 31 August, Bytes said gross invoiced income jumped by 13.7 per cent to £1.2bn, largely driven by software and from public sector contract [...]
London Stock Exchange Group unit continues fight against £167m tax bill October 15, 2024 Lawyers for a London Stock Exchange Group unit are set to appear in court today as the company continues its legal battle against a whopping £167m tax bill.