Osborne aims to reward the risk-takers December 6, 2011 BRITAIN’S entrepreneurs will have to prove their risk exposure to take advantage of a series of new tax breaks, according to draft rules published yesterday. The Treasury will allow larger firms to apply for venture capital trust and enterprise investment scheme (EIS) benefits from April next year, providing the plan meets European Union rules on [...]
A £2bn tax cut shouldn’t be sniffed at December 6, 2011 CREDIT where credit is due. We are always quick to criticise the fiddly micro-measures so beloved by the Treasury, mere baby steps that do nothing to boost the competitiveness of UK Plc. But when it comes to corporation tax, the coalition has made great strides. By 2015-16, the exchequer will collect some £2bn less in [...]
FROM LBW TO MBE | Cook’s Royal recognition December 6, 2011 ENGLAND batsman Alastair Cook admitted he was extremely “humbled” to have been presented with an MBE by the Queen yesterday. The 26-year-old was recognised for his outstanding contribution during last winter’s Ashes triumph in Australia, during which he amassed 766 runs in just seven innings. He said: “It’s been a fantastic couple of years. For [...]
Euro naivety cost us dear, says Wenger December 6, 2011 OLYMPIACOS 3 vs ARSENAL 1 ARSENAL manager Arsene Wenger admitted he was “annoyed” after watching his side’s unbeaten run in this season’s Champions League evaporate following an error-strewn performance in Athens. Already through and guaranteed of top spot in Group F, defeat still came at a cost with reserve goalkeeper Lukasz Fabianski and first-choice left-back [...]
DRAFT FINANCE BILL: KEY POINTS December 6, 2011 ● R&D TAX CREDIT: HM Treasury has introduced a “patent box” – a reduced corporate tax rate of 10 per cent for earnings from patented products, which is aimed at encouraging innovation in science and tech. ● NON-DOMS: Non-doms will get tax relief on cash they bring into the country to invest in UK companies, [...]
Mancini riled by Rummenigge City tirade December 6, 2011 MANCHESTER CITY vs BAYERN MUNICH MANCHESTER CITY manager Roberto Mancini has hit back at the criticism of his club from Bayern Munich chairman Karl-Heinz Rummenigge ahead of tonight’s must-win Champions League showdown against the German giants. City have to beat Bayern and hope that Villarreal can earn their first point of the competition at home [...]
Airlines say air tax talks were a sham December 6, 2011 AIRLINES lined up to condemn the government’s stance on air travel yesterday, calling the government’s consultation on air passenger duty “a sham and a waste of taxpayers’ money”. The Treasury confirmed yesterday that the levy on passengers would jump by eight per cent in April, despite a massive lobbying effort by the airlines, who argue [...]
Ferguson: Uefa hearing won’t affect Rooney December 6, 2011 BASEL vs MANCHESTER UTD MANCHESTER UNITED manager Sir Alex Ferguson insists striker Wayne Rooney won’t be sidetracked by tomorrow’s Uefa disciplinary hearing into his three-match international suspension and is fully focused on tonight’s Champions League assignment against Basel. Rooney is set to learn whether his appeal against the three-game ban handed down for his dismissal [...]
MPs to grill 2012 bosses over budget December 6, 2011 A HOST of top London 2012 officials face a grilling from MPs next week after a government watchdog warned the Olympics is in danger of exceeding its £9.3bn budget and requiring further taxpayer funding. A National Audit Office report published yesterday highlighted the “real risk” that a drastic reassessment of security costs left little spare [...]
Auditors hit by Olympus probe verdict December 6, 2011 KPMG AZSA’s reputation took a hit yesterday when the independent investigation into Olympus released a report naming substandard external auditing as one of the central factors in the scandal. The report censured the Japanese auditing firm, of which Olympus was a long-standing client, for issuing unqualified clean opinions without in-depth evaluation and for neglecting to [...]
