FTSE 100 firms slash charitable giving as profits rocket July 17, 2023 Britain’s biggest companies have slashed their charitable donations by nearly a quarter over the past decade despite pre-tax profits rocketing in the same period, research has showed.
“Doesn’t make sense”: SSE slam Government’s lack of incentives for renewable energy January 5, 2023 SSE has urged the Government to include investment incentives in the new tax on electricity generators to avoid deterring investment in renewables.
Cashplus looks to shrug off rival challenger banks after delivering £5m profit September 19, 2023 Cashplus, which secured a banking licence in 2021, delivered a post-tax profit of £5.5m on the back of record revenue, which rose 28 per cent year-on-year to £52m.
Britain to slide down tax rankings after hikes, warns Thatcherite think tank October 22, 2021 Britain risks falling behind its international rivals if it imposes a more punitive tax regime. The combination of the new health and social care levy, hiking corporation tax and withdrawing the super-deduction will push the UK down to 30th out of 37 rich nations for tax competitiveness, research by the Thatcherite think tank the Centre [...]
UK tax revenues nosedive by £33bn but pandemic impact less pronounced than previous crises December 6, 2021 Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue statistical release from the Organisation for Economic Co-operation and Development (OECD). The OECD say that the impact of the Covid-19 pandemic on tax revenues was less pronounced than during previous crises, in part, due to government support measures introduced to [...]
HMRC: We are ‘actively challenging’ multinationals on tax with additional £94bn raked in during last decade December 6, 2021 HMRC told City A.M. this afternoon that it is “very actively challenging” multinationals when it comes to tax as the taxman secured £94bn in additional revenue from large businesses in the last decade. HMRC was responding to claims that big businesses’ underpaid tax has risen by another £1bn in a year to £35.8bn, up from £34.8bn [...]
Labour declares tax war on Amazon as plans to support high street are unveiled September 27, 2021 The Labour Party has set out plans to shift the tax burden to online giants like Amazon as the current system is “stacked” against high street firms, Shadow chancellor Rachel Reeves said this morning. Reeves said she would freeze business rates next year if she was in No 11, while also offering a cut for [...]
Renaissance hedge fund execs to pay £5bn in back taxes September 3, 2021 Renaissance Technology executives and their family members have agreed to pay $7bn (£5bn) in back taxes and fines as part of a settlement with the US tax authority. The fines, which come as part of the largest tax settlement in US history, relate to trades made by the firm’s Medallion Fund between 2005 and 2015. [...]
New hydrogen levy is ‘harmful’ and could stoke inflation, Tory MPs warn February 12, 2023 Plans for a new tax on energy bills to fund research into hydrogen have been opposed by senior Tory MPs arguing it would be “harmful."
Revealed: From Ronaldo’s £12m to Lukaku’s £8m, here is how much the Premier League’s best-paid stars stump up in UK tax May 4, 2022 While some might consider Premier League footballers to be overpaid prima donnas, they make contributions that would make the average taxpayer’s eyes water. New research shared with City A.M. today reveals how much tax is paid by the League’s biggest stars. The highest paid footballer in The Premier League is Manchester United striker Cristiano Ronaldo. [...]