‘It would be the death of entrepreneurship’: City alarm over Labour capital gains hike June 12, 2024 A move to hike capital gains tax could spell the “death of the entrepreneurship” in the UK, a top City figure has warned, after the Labour party failed to firmly rule out the move this week.
Revenue slumps at Enquest as producer attacks ‘challenging’ North Sea operating environment March 28, 2024 Oil producer EnQuest saw revenue fall, but announced a share buyback, in a year trading that was hit by lower oil and gas prices and the continuation of the windfall tax on North Sea oil.
Sunak bids to woo North Sea industry with hundreds of new oil and gas licences July 31, 2023 Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and review on the sector's tax regime
The ICAS public voice – tax administration post-covid September 27, 2021 As we begin to emerge from Covid-19, a key strand of the public policy work undertaken by ICAS relates to tax administration. ICAS has a public interest remit, a duty to act not solely for its Members but for the wider good. From a public interest perspective, our role is to share insights, shaped and [...]
Sunak’s quietly simplified tax policy could unshackle our economy – or strangle it December 16, 2021 Tax Day hardly sounds like the kind of day we want to mark on the calendar. It is a relatively new practice, when the government dumps an array of tax consultations, reforms and policy proposals on the Treasury’s website, all in one go. Unsurprisingly, they mostly happen without fanfare. But they do offer us helpful [...]
Royal London profits surge double digits as pensions grow August 2, 2024 Royal London's operating profit before tax increased by 13 per cent for H1 2024, as the insurer credits its focus on long-term strategy to have increased its profits.
UK’s green tax burden to increase by 40 per cent during Johnson’s premiership January 9, 2022 The UK’s green tax burden is set to increase by 40 per cent throughout the course of Boris Johnson’s premiership, according to new research from a think tank. The TaxPayers’ Alliance calculates that tax revenues from green taxes will rise to £16.7bn by 2023-24, when the next election is due, after they were £11.7bn in 2019. [...]
Boots: Profit surges at British icon as owner mulls £7bn London float May 29, 2024 Historic pharmacy chain Boots has reported a surge in its pre-tax profit for its latest financial year amid reports its owner is considering a £7bn float in London.
Activeops ‘well placed’ for investment as profit rises July 3, 2024 The firm posted a pre-tax profit of £1m, up from a loss of £0.2m the year prior. Revenue meanwhile rose five per cent to £26.8m.
Nearly $500bn ‘lost to tax abuse’ by companies and elites in 2021 November 16, 2021 Countries have lost $483bn to tax abuse by multinationals and ultra-wealthy individuals, with the UK singled out as the world’s greatest enabler of global corporate tax abuse, according to a new report. The State of Tax Justice 2021 report found that the UK was responsible for nearly 40 per cent of the total losses this [...]