Koinly lays off staff and prepares to close London office as ‘crypto winter’ bites December 7, 2022 Bosses at crypto tax reporting platform Koinly say they are already letting staff go and will be shutting down the London office in the new year.
Autumn Statement: Jeremy Hunt’s bitter medicine may be too harsh November 16, 2022 The City is not worried about a low-tax mujahideen - but economists are concerned this grim budget could choke off much-needed growth
Budget: Scrap £159 BBC licence fee and sell Channel 4, urges TaxPayers’ Alliance October 26, 2021 The TaxPayers’ Alliance (TPA) has called for the sale of Channel 4 and the scrapping of the BBC licence fee ahead of the Budget this week. The campaign group has also proposed that most of the BBC should be sold off and the corporation cut down to one television channel, radio station and online service. [...]
Swedish drinks firm Kopparberg sues HMRC over tax loophole July 26, 2021 Swedish cider maker Kopparberg has filed a High Court claim against HM Revenue and Customs over allegations of unlawful tax discrimination. The popular booze brand argues that the UK applied excessive duties on imported alcoholic ciders by allowing domestic producers to dilute their products to avoid taxes. The tax loophole, known as post duty point [...]
Support for Conservative party lags behind Labour days after NI tax hike September 10, 2021 Support for prime minister Boris Johnson’s Conservative party has slumped to its lowest level since 2019’s election, according to a new YouGov poll. The poll, first shared with the Times, showed that support for the Conservatives has dipped to 33 per cent, while Labour’s support has climbed to 35 per cent. While it is just [...]
Trump’s company, finance chief plead not guilty to tax fraud July 1, 2021 Donald Trump’s namesake company and longtime financial chief pleaded not guilty on Thursday to criminal charges in a sweeping indictment from a probe by Manhattan’s district attorney into the former U.S. president and his business practices. The Trump Organization and its chief financial officer Allen Weisselberg were charged with having schemed since 2005 to defraud [...]
Want to pay less tax? Move to Kensington, Chelsea or Westminster June 30, 2021 The average house price of a Westminster property is £1,000,559.73, yet the average council tax bill is £945. Compare that to County Durham, where the average house price is £112,722.16, but residents pay an average council tax bill of £2,528 per year. What is happening here? Residents in Westminster and Kensington and Chelsea, two of [...]
FSB: Tax hikes risk severing Conservatives’ ties to business – CityAM : CityAM October 1, 2021 The Conservative Party’s ties to British businesses are at risk of being severed by looming tax hikes. The lobby group for British small businesses has slammed the Tories’ plans to raise national insurance at a time when firms across the country are grappling with higher costs and shortages. Also Read: Shortages and spiralling costs deal [...]
Dividend tax grab threatens City’s reputation as a good place to do business September 8, 2021 Boris Johnson’s £600m dividend tax raid could deter investors, dampen entrepreneurial activity and damage the City of London’s reputation as a good place to do business, experts have warned. The government launched a tax assault yesterday in a bid to raise money to pay for clearing the swelling backlog of NHS work and to fix [...]
Tax hike: National Insurance increase likely to trigger redundancies once furlough ends September 8, 2021 With the furlough scheme being withdrawn at the end of this month, the increase in National Insurance will make the cost of keeping jobs more expensive for employers, tax experts and accountants told City A.M. today. Yesterday, Brits were told they will be hit with £12bn-a-year tax rises to pay for increases in NHS and [...]