Barratt: ‘Uncertainty’ pushes housebuilder’s sales reservations down 44 per cent but pre-tax profit rockets to £521m February 8, 2023 Barratt Developments posted profit before tax of more than £520m as the company suggested that its outlook for the year was improving, despite sales at the beginning of 2023 lagging behind last year. The housebuilder’s revenue increased 24 per cent in the six months to December 31 from the same period last year while its [...]
Road tax ‘fairer and more popular than fuel duty’ May 15, 2022 SMF calls for fuel duty to overhauled, and suggest a levy based on miles driven, which would be 'fairer' and more 'popular'.
Saga cruises back to growth as over 50s return to the high seas April 17, 2024 Saga's ocean cruising business roared back to life with underlying profit before tax hitting £35.5m, compared to an underlying loss after tax of £0.7m in the previous year.
In The Style entices new customers with influencer partnerships as it posts pre-tax loss July 19, 2022 Digital fashion retailer In The Style has seen its share price slump after posting a pre-tax loss in its debut full-year results as a public firm. Shares were down more than 35 per cent on Tuesday afternoon after CEO Sam Perkins admitted the year ahead would likely be “a challenging one for consumers and retailers.” [...]
SSE warns Sunak against expanding windfall tax to electricity generators June 12, 2022 SSE chief executive Alistair Phillips-Davies has warned the Chancellor Rishi Sunak against extending the windfall tax to electricity generators.
Exclusive: Tory leadership hopefuls’ income tax cut pledges will not support poorest July 13, 2022 Tory leadership hopefuls’ promises to bring forward the planned income tax cut will not help “those in real financial need”. That’s according to Tim Sarson, head of tax policy at KPMG UK, who shared his thoughts exclusively with City A.M. on what the eventual winner of the contest and the long-term chancellor need to prioritise. [...]
Slashing taxes on fuel would half the cost of filling up a car June 10, 2022 The cost of filling up a car in the UK would be nearly half the price if all taxes on fuel were scrapped, reveals analysis shared exclusively with City A.M. Nearly 50p of every £1 spent on filling up a car in the UK is swallowed up by tax, according to research by the TaxPayers’ [...]
Johnson promises tax cuts to cabinet after surviving confidence vote June 7, 2022 Boris Johnson has promised his cabinet that he will unveil tax cuts, after last night surviving a vote of confidence in his leadership of the Conservative party. The Prime Minister this morning told a cabinet meeting that he will “deliver tax cuts” and that “it is people who have the best feel for how to [...]
Serica Energy ramps up investment plans to offset windfall tax June 6, 2022 Serica Energy is planning to spend its way out of a tax bill, after the government imposed a hefty new levy on North Sea oil and gas operator.s.
BP to pay lower taxes than before Covid pandemic despite massive profits August 8, 2022 BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.