Tax from UK’s financial sector pays for the country’s entire education budget May 21, 2024 "Financial and related professional services are a significant and consistent source of tax revenue for the government," Miles Celic, chief executive at TheCityUK, said.
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 [...]
London Stock Exchange chief takes aim at ‘pernicious’ stamp duty on shares May 20, 2024 The boss of the London Stock Exchange described the effect of a stamp duty on shares as “pernicious” today as she claimed the gloomy “public narrative” surrounding the City was beginning to lift.
HMRC challenging media businesses for research and development tax relief May 19, 2024 HMRC currently challenges around 20 per cent of R&D tax relief claims overall - up from one per cent previously.
Raspberry Pi staff set for £68m windfall from London float May 19, 2024 Employees at computer firm Raspberry Pi are poised to enjoy an up to £68m windfall from the company’s float on the London stock market in the coming weeks. According to a London Stock Exchange filing, the Cambridge-based firm’s employee incentive scheme controls a roughly 13.6 per cent stake in Raspberry Pi. If the firm achieves [...]
Jeremy Hunt promises future tax cuts if Conservatives win general election May 17, 2024 Jeremy Hunt promised further tax cuts if the Conservatives win the general election as he sought to draw an electoral dividing line between the Tories and the Labour Party.
Another one? American firm plots London Stock Exchange listing amid signs of revival May 16, 2024 Another firm is reportedly gearing up to float on the London Stock Exchange in the coming weeks as the City begins to show signs of a revival following a barren period for the market.
Mark Kleinman: FCA row risks casting shadow over City set-piece May 16, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Why pension trustees need to embrace a ‘win-win’ and back British firms May 16, 2024 Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.
Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts May 15, 2024 Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".