Airbnb facing enquiry from HMRC over UK activity October 8, 2018 Online short-term rentals giant Airbnb is facing enquiries from HM Revenue & Customs (HMRC) about its tax situation. The company said in a note published on Companies House that it had been contacted by HMRC "regarding the application of tax laws or regulations" impacting its business. This is in addition to facing tax inquiries and proceedings about its [...]
Paypal hit by additional UK tax bill after HMRC enquiry October 8, 2018 Paypal has paid out an additional €3.1m (£2.7m) in UK tax, after financial accounts showed the results of a review by HM Revenue & Customs (HMRC). The addition resulted in the US payments giant forking out a total of €4.7m in tax in 2017, up from €181,749 the year before. Paypal said in the filing HMRC had been "reviewing [...]
Facebook triples its UK tax bill to £15.8m October 8, 2018 Facebook paid £15.8m in UK tax last year, tripling the amount it paid in 2016 as tech firms come under increased scrutiny by HMRC. Accounts filed last week on Companies House revealed the social media giant's profits for its UK office, which covers expenses on marketing, sales and engineering support, rose 6.3 per cent to [...]
HMRC chief slammed by MPs for not telling 100,000 firms how to prepare for ‘no deal’ Brexit October 4, 2018 The UK's chief taxman has been slated by MPs for failing to tell 100,000 small businesses how to prepare for a 'no deal' Brexit. Jon Thompson, chief executive of HMRC, was given a dressing down in a letter from parliament's Public Accounts Committee, which was made public today. Committee chair Meg Hillier said she was [...]
When the banter stops: Viral publisher Unilad braced to enter administration October 4, 2018 The company behind Unilad, an internet news site known for its viral content, is set to go into administration – putting hundreds of jobs at risk. A judge recommended the move after a court heard that the website’s parent, Bentley Harrington, had debts running up to £6m. Alex Partridge, Unilad’s co-founder, echoed the call. Patridge [...]
Theresa May will freeze fuel duty as Conservatives look to limit cost of living increases on working families October 3, 2018 Fuel duty will be frozen for the ninth year in a row, Prime Minister Theresa May will say in her speech to Conservative party conference in Birmingham today, in a populist pitch to working families. May's speech, in which she'll hope to steal back the lime-light from former foreign secretary Boris Johnson, will also set [...]
Housing market remains flat as year-on-year property deals tumble September 21, 2018 The number of properties being bought and sold in the UK suffered an annual 2.6 per cent drop last month, signalling the latest evidence that activity in the country’s housing market remains flat. While total property transactions climbed 1.3 per cent between July and August to 99,120, today’s figures also show a 2.6 per cent [...]
Housing market remains flat as year-on-year property deals tumble September 21, 2018 The number of properties being bought and sold in the UK suffered an annual 2.6 per cent drop last month, signalling the latest evidence that activity in the country’s housing market remains flat. While total property transactions climbed 1.3 per cent between July and August to 99,120, today’s figures also show a 2.6 per cent [...]
When should you consider consolidating your pensions? September 19, 2018 Over the years you may have collected a variety of pension schemes, especially if you have had several jobs. For those who dislike the clutter of a mixture of pensions, consolidating many types of pension scheme into one modern pension can be a relatively straightforward exercise. In particular, a “defined contribution” scheme, such as a [...]
Brexit papers: Government positions on cross-border trading, Irish citizens, driving licences, mobile roaming charges and blue passports revealed September 13, 2018 UK driving licences may not be valid in the European Union in the event of a no deal, the government warned today, as part of its latest batch of Brexit papers. While EU driving licence holders will not be affected when they travel through the UK, Brits may have to obtain one of two different [...]