The City is at the vanguard of a new industrial revolution in open data and AI August 5, 2024 By leveraging the expertise of the City, we can pioneer the Fourth Industrial Revolution, writes Lord Mayor Michael Mainelli As well as being an enthusiast and early adopter of technology (even predicting the internet in his 1898 short story From The London Times of 1904) Mark Twain gifted the world many great aphorisms. Among my [...]
Raising capital gains tax would be a big mistake August 1, 2024 City A.M.’s consistent warning that the government will raise taxes in their first Budget have been vindicated. Rachel Reeves admitted that “I think we will have to increase taxes” to the News Agents podcast. Labour will no doubt rebut accusations that this is a violation of their election pledges with references to their weaselly caveat [...]
Centrica vs HMRC: What does Supreme Court ruling on tax deduction mean for businesses? July 26, 2024 Just last week Centrica lost an appeal against HMRC over the treatment of professional services fees.
‘Strong momentum’ continues at investment platform AJ Bell as inflows jump July 18, 2024 Summersgill also said the firm was "actively engaging" with the new government on its pledge to boost retail investment through simplification of the ISA system.
Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC July 16, 2024 British Gas' owners investment business has had its corporation tax appeal over professional services fees dismissed by the Supreme Court
Cazoo racked up debts of over £260m as it collapsed into administration July 16, 2024 Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Investment platforms urge ‘radical’ ISA reform to unlock £30bn in UK market July 15, 2024 The bosses of the largest investment platforms in the UK have called for a "radical" simplification of the ISA regime, arguing that reform could unlock £30bn to boost British equities.
Offside with HMRC: UK football clubs to face tax penalties July 15, 2024 Around two dozen UK professional football clubs have fallen into arrears over their tax payments, as warnings that the tax authority is stepping up compliance action
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 July 9, 2024 Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
Wincanton slipped into the red before London deslisting by US logistics giant July 8, 2024 Wincanton slipped into the red for the first time in more than 20 years in the year leading up to it being taken private by the logistics giant GXO.