Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC LAW British Gas' owners investment business has had its corporation tax appeal over professional services fees dismissed by the Supreme Court
Tax from UK’s 74,000 non-doms paid for 18 days of NHS spending in 2022 Tax Non-doms contributed nearly £9bn to the exchequer through tax and national insurance contributions (NICs) in the 2023 tax year, the highest amount since 2017, when new rule changes were brought in.
EY and property tycoon Jamie Ritblat settle dispute with HMRC for ‘significant’ sum legal case HMRC's tax dispute with accounting firm EY and Jamie Ritblat, a British property investor has been resolved after the parties reached a confidential settlement
Uber faces £1bn VAT showdown with HMRC June 23, 2024 Despite achieving its first full-year profit in February, Uber swung to a net loss of $654m (£524m) in the first quarter of this year.
UK tax gap nears £40bn as Tories and Labour pledge crackdown June 20, 2024 The gap between how much tax the government owes and the amount it collects has grown to almost £40bn, latest official figures show, as the Conservatives and Labour vow to tackle tax dodging ahead of the general election.
HMRC tax rule changes put professional service firms into limbo June 10, 2024 The UK tax agency is probing firms for potential backdates contributions after changes to a tax rule which affects LLPs
Mike Ashley’s Frasers Group hires former HS2 and HMRC boss June 3, 2024 Mike Ashley's retail empire Frasers Group has joined the former chair of HS2 and CEO of HMRC to its board.
How much cash could a tax avoidance clampdown raise? May 30, 2024 Predictably both parties are reluctant to suggest they will raise taxes, but in recent weeks both have found a conveniently painless source of funding: clamping down on tax avoidance.
HMRC challenging media businesses for research and development tax relief May 19, 2024 HMRC currently challenges around 20 per cent of R&D tax relief claims overall - up from one per cent previously.
Spending watchdog says HMRC in ‘declining spiral’ and needs to rethink ‘unprecedented’ job cuts May 15, 2024 Taxpayers spent the equivalent of 800 years on hold when trying to phone HM Revenue and Customs' customer service in 2022-23, according to a scathing report by the UK spending watchdog that found the public had been "let down".