Britain’s largest companies paid £5.9 billion in corporation tax, 16.7% of all corporation tax receipts in the year to 31 March 2010, according to a survey conducted by PwC’s Total Tax Contribution team for the Hundred Group of finance directors.
Businesses should consider engaging ‘more forthrightly’ in the tax avoidance debate to address ‘some of the myths and confusion that exist’, David Gauke said today.
‘Barclays' total global tax payments, including payroll-related taxes, were approximately £6bn in 2009, including over £1bn in corporation taxes worldwide.
HMRC have invited comments on draft amendments to Offshore Funds (Tax) Regulations, SI 2009/3001.
A proposed change to the provision for equalisation was announced last December.
Plumbers, gas fitters, heating engineers and ‘members of associated trades’ who sign up to a new disclosure facility and pay outstanding tax liabilities are to be offered a reduced penalty.
A leading Reuters editor told the BBC’s Newsnight earlier this week that only international co-operation will help prevent large multinationals using tax havens to undermine the tax base of national governments, after campaigners slammed a proposed exemption for profits of forei
The European Commission has launched a consultation on a set of policy options including a financial transactions tax and a financial activities tax.
Chris Morgan provides a update on recent international developments
Steven Bone on the technical and tactical considerations concerning section 198 elections for capital allowances purposes
Graham Iversen reviews the potential impact of the Finance Bill 2011 provisions