Search Results for: corporation tax

EU Presidential debate hears call for minimum 18% corporation tax rate across the EU

May 20th, 2019 (0)
A debate among the lead candidates for the presidency of the European Commission has heard a call for a minimum 18% corporation tax rate across the EU. The call from the European Regulation Commissioner Frans Timmermans for the 18% ...

Record high of £14.6bn paid in corporation tax by UK financial services sector

August 14th, 2018 (0)
A record high of £14.6bn of corporation tax (includes Bank Levy), was paid by the financial services sector in the UK last year, up 24% from the £11.8bn paid in the previous year (2015-16), says Moore Stephens, the Top ...

Cadbury’s Parent company made millions in profits but paid no corporation tax thanks to legal accounting techniques

October 17th, 2016 (0)
Cadbury’s American owners paid no UK corporation tax last year Parent company Mondelez UK made profits of £177million in 2015 It should have handed over £36million – but the company avoided payment Cadbury’s American owners were under fire last ...

George Osborne has pledged to cut corporation tax to 15% from 20% rate

July 4th, 2016 (0)
George Osborne has pledged to cut corporation tax to encourage businesses to continue investing in the UK following the EU referendum vote. In an interview with the Financial Times, the chancellor said he would reduce the rate to below 15% ...

HMRC collects £3.5bn from investigations into big businesses’ underpaid corporation tax

November 23rd, 2015 (0)
HMRC collected an extra £3.5bn in corporate tax from challenging businesses on their payments in the last tax year, according to figures from Pinsent Masons. The £3.5bn came from investigations into underpaid corporation tax carried out by HMRC’s Large Business ...

HMRC imposes 45% corporation tax without warning

November 9th, 2015 (0)
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...

Facebook paid £4,327 corporation tax despite £35m staff bonuses

October 12th, 2015 (0)
Social networking firm paid average of £210,000 to staff in Britain, but overall loss in UK of £28.5m meant very little corporation tax was due Staff at Facebook’s UK arm took home an average of more than £210,000 last ...

George Osborne pledges lowest corporation tax in G20 but new bank tax hits UK small lenders

July 9th, 2015 (0)
Chancellor pledges lowest corporation tax in the G20 – but casts punitive net over the UK’s small lenders Chancellor George Osborne ushered in a new tax regime for British banks yesterday, dialling down the controversial bank levy while introducing a new ...

Facebook pays no UK corporation tax for a second year

October 23rd, 2014 (0)
Facebook paid no UK corporation tax for the second year in a row in 2013, while employees received shares in the company worth tens of millions of pounds. The world’s largest social media company reported a pre-tax loss of ...

Sage launches corporation tax application

August 28th, 2014 (0)
Originally developed for large corporate organisations, Sage chose to extend the Sage Corporation Tax application to smaller businesses that had claimed they were seeking a “more straight-forward” program than previous services. The functionality in the offering builds upon the ...
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