AssetCo boss says ‘still much to do’ as firm posts first half loss June 15, 2022 The boss of AssetCo said today there was “still much to do” as the newly expanded asset manager posted pre-tax losses of £2.6m for the first half of the year.
Petershill Partners tops estimates in maiden results April 20, 2022 Investment outfit Petershill Partners sailed past estimates in its maiden set of results today as profits after tax hit $248m.
Rishi Sunak to rally US to agree to G7 tax on tech giants March 7, 2021 Rishi Sunak will call on his US counterpart Janet Yellen to help coordinate an international tax on tech giants like Amazon at the upcoming G7 summit. Sunak has already said that one of his priorities at the G7 summit, which will be held in Cornwall this year, will be to get the ball rolling on [...]
City’s gargantuan tax receipts should never be taken for granted in Whitehall February 15, 2021 By any standards, 2020 was an unprecedented year for businesses and households alike. The uncertainty around our future relationship with the EU and the long shadow cast by the COVID-19 pandemic posed challenges not seen since the second world war. Even with the vaccine rollout well underway, the road to recovery remains uncertain with significant [...]
London markets ‘completely throttled’ by regulation, says former exchange chief November 8, 2022 The UK’s equity market has been “taxed to death” and “completely throttled” by fiscal policies and regulation, the former chief of the London Stock Exchange Group has claimed, as he warned the Capital was in danger of losing its status as a global financial services hub.
Soaring costs offset revenue boost for South West water giant Pennon May 31, 2022 South West water giant Pennon labelled 2021 a year of “resilient performance” today as it posted a dip in pre-tax profits to £127.7m for the full year.
Tax penalties double in six months following lockdown lull January 20, 2021 The value of penalties imposed by HMRC has doubled in the last six months, with November up nearly 100 per cent on May. Some £41m was collected from penalties in November 2020, up a whopping 97 per cent from the £21m that was collected in May, according to HMRC’s receipts and expenditure data. Penalties could [...]
Budget 2021: Tax hikes are the same as austerity and will spell Rishi Sunak’s downfall March 2, 2021 Chancellor Rishi Sunak’s budget marks the beginning of a damaging era of austerity that risks crushing Britain’s economic recovery. While other countries are trying to jumpstart their economies, Rishi is expected to ratchet up income and corporate taxes to address the mounting deficit. The Chancellor is right that Britain’s fiscal position is not sustainable. It [...]
Believe it or not, post-Brexit VAT doesn’t have to be taxing January 23, 2021 The free trade deal signed by the UK and the EU was supposed to herald a new dawn in the relationship between the two sides. The Free Trade Agreement and the UK’s exit were intended to give us control of our borders, money and laws and therefore promote a dynamism in this country which was [...]
Housebuilder Vistry to double profit in 2021 as Sunak extends property tax cuts March 4, 2021 Housebuilder Vistry Group predicted that it would at least double its profit before tax over the coming financial year after a strong start to the year. As a result of the positive outlook, the firm said that it was reinstating a final dividend of 20p per share. It follows fellow builder Taylor Wimpey in reintroducing [...]