Johnson and Sunak announce as large a tax hike in two years as Blair and Brown did in a decade March 17, 2022 In just two years, Prime Minister Boris Johnson and Chancellor Rishi Sunak have announced the same amount of tax hikes as Tony Blair and Gordon Brown did in a decade, reveals fresh research published today. The Conservative duo will swell the UK’s tax burden by around two per cent of GDP after national insurance and [...]
Exclusive: UK ‘tax gap’ for large businesses climbs as HMRC is owed £6.1bn in underpaid tax September 17, 2021 The UK’s estimate for underpaid and evaded tax by large businesses has jumped 15 per cent, according to new research shared with City A.M. today. The ‘tax gap’ for large businesses reached £6.1bn in the past year, ending 31 March 2020, up from £5.3bn the previous year, according to Square Mile-based law firm Pinsent Masons. [...]
MHA: UK arm of Baker Tilly International revenue jumps to £180m July 25, 2024 MHA, the UK and Irish arm of Baker Tilly International revenue jumped by nearly 30 per cent to £180m, as audit and tax were the main drivers to the growth.
Shell focused on ‘delivering more value’ as speculation around US listing swirls May 2, 2024 FTSE 100 giant Shell has today reported a 15 per cent jump in earnings before interest, tax, deprecation and amortisation (EBITDA) for the first quarter.
What the Windfall?! Debunking what just happened and why the industry’s not happy June 9, 2023 The government has made changes to the Energy Profits Levy - known as the windfall tax - here's what it means.
Shell profits fuel calls for windfall tax: Record results come days after BP bumper earnings May 5, 2022 Shell has further fuelled demands for a windfall tax on the sector as it revealed record first-quarter profits thanks to soaring oil and gas prices, just days after bumper earnings from rival BP. The oil giant posted better-than-expected underlying earnings for the first three months of 2022, at £7.2bn – nearly three times the £2.5bn [...]
MP calls for windfall tax on libel lawyers to protect journalists from “lawfare” January 21, 2022 An MP has said a windfall tax on libel lawyers should be used to create a “defamation defence fund” to protect journalists from being silenced by oligarchs. In a debate on Thursday, over the use of “lawfare” and costly libel actions to silence British journalists, Labour Party MP Liam Byrne said “the truth is under [...]
Fighting back: Rishi Sunak dismisses wife’s non-dom tax controversy as ‘unpleasant Labour smears’ April 8, 2022 Chancellor Rishi Sunak has come out fighting for his wife Akshata Murthy, who is facing claims of avoiding tax due to her Indian citizenship and non-dom status. The Tory heavyweight insisted that his wife, who owns a 0.9 per cent stake in her billionaire father’s firm Infosys, is “100 per cent doing everything this country [...]
More than £21bn a year: UK ranks third in Europe for most money lost due to unpaid corporate tax June 22, 2022 The UK ranks third among European countries for the most money lost due to corporate tax abuse on a yearly basis. The European nation that loses the most money to corporate tax abuse is Germany where, on an annual basis, an estimated £27.3 billion goes unpaid. This is followed by France where tax abuse losses [...]
‘Warning lights flashing’ as UK risks missing out on £450bn energy market March 26, 2024 OEUK said that any argument for windfall taxes on oil and gas firms has disappeared with energy prices having returned to pre-Russia-Ukraine war levels.