Government profits from surging insurance costs as tax on policies soars December 21, 2023 HMRC tax receipts for the first two-thirds of the 2023-24 financial year showed that £6bn was collected in IPT. This was an 11 per cent jump on the £5.5bn raised over the same period last year.
Sniffer dogs root out drug use at Tory donor JCB’s UK factory: report December 20, 2023 Manufacturing giant JCB is investigating a string of drug use incidence among its workers based at its Staffordshire headquarters.
Ladbrokes owner Entain’s chief exec walks following £615m bribery fine December 13, 2023 The chief executive of Entain is to depart following the resolution of a bribery scandal at its former Turkish business.
HMRC seeks more audit files from EY in property tycoon’s tax dispute December 11, 2023 Counsel for HMRC asked the court this morning to see more of EY’s audit files in relation to the property tycoon’s tax affairs dispute. HMRC filed a claim to the High Court against the Big Four firm over allegations it misrepresented its client tax affairs to the HMRC. The client was the British property investor [...]
Entain’s £585m fine shows flourishing ‘maturity’ of Crown Prosecution Service December 6, 2023 Corporations need to be wise to the fact that a deferred prosecution agreement (DPA) can come from all prosecuting bodies, not just the Serious Fraud Office (SFO), warns lawyer. News broke that the company behind Coral and Ladbrokes will pay £585m after a probe into alleged bribery at a former Turkish subsidiary. The DPA action [...]
Open banking experts say current technology is just ‘tip of the iceberg’ December 5, 2023 Open banking is at a critical junction and the UK must capitalise on the head-start it already has, according to two industry experts.
One third of tech giants under digital services tax faced investigations by HMRC December 4, 2023 One third of tech giants that pay the UK’s new digital services tax have already been subjected to checks by HMRC, says national law firm Pinsent Masons. The digital services tax was introduced at the 2020 Budget in a move to ensure tech giants pay their fair share of tax, as they would be charged [...]
Honest Burger locks horns with HMRC over tax bill December 3, 2023 Posh fast food chain Honest Burger was locked in a legal dispute with HMRC after a plea to get an extension on paying a tax bill was ignored, it has been revealed.
Property transactions slide 17 per cent in October as hangover from high mortgage rates drags on November 30, 2023 The number of new homes bought in October was 17 per cent lower than the year before, as high mortgage rates during the summer led to lower activity, according to the latest figures from HMRC.
Let’s be honest, smoking bans are pointless and will revive a war on drugs November 30, 2023 Rishi Sunak's government wants to ban anyone born after 2008 from purchasing tobacco products, but the arguments for prohibition are incredibly flimsy.