Britain missing out on billions of crypto tax revenue as HMRC fights back August 27, 2024 The UK could be missing out on billions in tax revenue from crypto investors that is currently going unreported. As Norwegian tax returns are public, recent research from Norway was able to find that 88 per cent of all Norwegian crypto investors fail to declare their holdings. While each tax-avoiding investor owed on average between [...]
The on-off-on takeover saga that saved the London Lions from extinction August 23, 2024 For the London Lions and fans of the dual British basketball champions, it has been a summer of more twists and turns than a slam dunk contest — only a lot less fun.
Entain: Investor group £150m lawsuit filed against gambling giant and Ladbrokes owner August 21, 2024 London-listed betting and sports gaming company Entain has been hit with legal action over alleged bribery at a former Turkish subsidiary
PwC faces lawsuit from property developer over ‘negligent’ tax advice August 16, 2024 PwC is facing a lawsuit from Revelan, a UK commercial property developer, alleging that the firm provided “negligent” tax advice that caused Revelan to face a £3m tax bill. Revelan, which was previously backed by US investment manager Ares, is seeking £6.6m from PwC, according to reports from the Financial Times. The company claimed that [...]
Exclusive: HMRC files winding up petition against Lycamobile UK August 14, 2024 The UK tax authority has hit mobile network operator Lycamobile with a winding up petition, in the latest hurdles the company faces
Carpetright owed almost £350m when it collapsed into administration August 14, 2024 Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed. The Essex-headquartered carpet and tiling retailer was acquired by rival Tapi in July in a move that saved the jobs of more than 300 people and 54 stores. At the time [...]
Football v HMRC: Scrutiny sees £400m clawed back from clubs August 12, 2024 The football industry continues to see the crackdown over tax as over the past five-years, HMRC has seen over £384m collected in unpaid taxes from the football sector
The City is the forefront of the fourth industrial revolution August 12, 2024 London is Europe’s pre-eminent fintech hub, attracting more investment than the next 13 European cities combined. To get ahead, we must bring that experience to bear, says 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 in 1904 – Mark Twain [...]
Natwest to ‘suffer significant shortfall’ with a 90 per cent loss after Island Poke collapse August 8, 2024 Natwest is on course to “suffer a significant shortfall” following the collapse of London-based Hawaiian food chain Island Poke, it has been revealed. The bank is one of the major creditors to the business which was sold in a pre-pack administration to a subsidiary of hospitality incubator White Rabbit Fund in July. The food business [...]
SMEs warned to be ‘proactive’ with wage compliance amid HMRC crackdown August 6, 2024 Small and medium-sized enterprises (SMEs) have been warned to take "proactive" steps to ensure compliance with the National Minimum Wage (NMW) as the HMRC dials in its focus to 11 UK regions.