Data suggests foreign firms are responsible for almost a third of underpaid tax January 31, 2022 New analysis released today has revealed that foreign companies are responsible for almost a third of underpaid tax in the UK according to HMRC, with large US-owned businesses making up the highest percentage.
Senior: Rolls-Royce partner reports dip in profit amid Boeing 737 Max setbacks August 5, 2024 The FTSE 250 aerospace and defence supplier said operating profit and pre-tax profit had fallen, despite booming demand for travel worldwide.
Sigh of relief in the City as govt calls idea of windfall tax on oil and gas profits ‘disastrous’ April 27, 2022 The Justice Secretary this morning dismissed Labour’s plan for a windfall tax on oil and gas companies to ease the cost-of-living crisis, calling the idea “disastrous”. Dominic Raab told Sky News: “If you look at Labour’s policy, you asked about it – of a windfall tax – that would damage investment in energy supplies we [...]
Spring Budget 2024: Cash goes into plan to boost UK creative industries March 6, 2024 The Chancellor has announced a raft of tax relief changes for Britain's creative industries sector during his Spring Budget 2024 announcement.
Antofagasta tumbles on the London Stock Exchange as Chile warns of tax hikes February 2, 2022 Shares in multinational miner Antofagasta have dropped 4.9 per cent on the FTSE 100, after Chile hinted at heavy tax rises.
Ocean Wilsons: Revenue soars while profit takes a hit August 9, 2024 London-listed Bermuda investment company Ocean Wilsons Holdings saw strong revenue and operating profit growth but profit after tax dipped
Revealed: UK and British overseas territories top every other offshore tax haven in the world April 24, 2022 When it comes to the dubious world of offshore wealth and the respective tax losses subsequently inflicted on other countries, not only does the UK rank second, but a further three British overseas territories make the top 10. In fact, when these tax losses to other nations via this offshore wealth are combined, it sits [...]
Treasury brings in super tax to prevent energy owners cashing out February 1, 2022 The Government has subtly introduced a new "super tax" to deter energy company owners from cashing out lucrative gas contracts.
Sunak’s decision to hike national insurance while cutting income tax is ‘indefensible’ March 24, 2022 Top economic forecasters today slammed Chancellor Rishi Sunak’s decision to push ahead with the national insurance tax hike while cutting the basic rate of income tax as “indefensible”. All of the windfall households will receive from lower income tax bills will be offset by fiscal drag and a 1.25 percentage point national insurance uplift and [...]
Non-dom crackdown: Fears it will fail to raise cash and actually cost the UK money September 26, 2024 Officials fear that the government's plan to close loopholes in the non-dom tax regime might fail to raise any extra revenue at all, according to reports.