Browsing Category
Tax
National Insurance Hike Threatens UK Employment Recovery and Business Growth
The recent £26 billion increase in national insurance contributions announced by Chancellor Rachel Reeves has cast a shadow over the UK's nascent employment recovery, with industry experts warning of potential job losses and cancelled…
Mali Detains Resolute Mining CEO as Shares Tumble Over Tax Dispute
Australian gold miner Resolute Mining saw its shares plummet more than 30 per cent on Monday following the detention of its chief executive Terence Holohan and two other employees in Mali. The executives were visiting Bamako, the nation's…
British Companies Set for £700 Million Pound Tax Windfall After EU Court Ruling
Major British corporations are poised to receive an unexpected £700 million windfall following the UK's successful appeal against a Brussels state aid restriction. The decision has prompted HM Revenue & Customs to initiate refunds to…
Labour Chancellor Rules Out Future Tax Rises in Defiant Treasury Statement
Rachel Reeves, the Labour Chancellor, has made an unequivocal commitment to maintain current tax levels during the next budget, emphasising the government's dedication to fiscal responsibility within established spending parameters.…
Netflix Offices Hit By Tax Fraud Investigation Raids In Paris And Amsterdam
French and Dutch authorities have conducted raids on Netflix offices as part of a widening investigation into alleged tax fraud and labour law violations. The surprise searches, carried out on Tuesday morning, marked a significant…
UK Investors Dump £1 Billion Sterling from Funds Ahead of Budget Tax Changes
British investors withdrew nearly £1 billion from UK-focused stock funds in October, acting pre-emptively to avoid increased capital gains tax rates announced in Rachel Reeves' autumn budget.
Data from Calastone, the world's largest…
Directors Exploit Legal Loophole to Dodge Millions in Business Debts Through Atherton Scheme
A controversial scheme enabling company directors to shed millions in debt obligations continues to operate despite government intervention to shut it down. The Atherton scheme, marketed as a "legal alternative to using insolvency…
British Farmers Threaten Militant Action Over New Inheritance Tax Changes That Could Impact Food…
British farmers have issued stark warnings of potential militant action following Chancellor Rachel Reeves' controversial inheritance tax reforms, which could significantly impact the agricultural sector's future. The National Farmers'…
Labour Chancellor Faces Criticism Over Online Casino Tax Decision
Rachel Reeves, the Labour Chancellor, is under scrutiny for declining to implement a potential £900 million tax increase on online casinos in her inaugural budget. The decision has sparked debate about Labour's connections to the £11…
Chinese Government Intensifies Tax Collection Drive on Wealthy Citizens and Corporations
Chinese authorities have launched an aggressive campaign to recover unpaid taxes from wealthy individuals and corporations, signalling a significant shift in the nation's fiscal policy amid economic pressures. The move comes as local…
Barclays CEO Backs Reeves Despite Business Leaders Concerns Over Budget Tax Increases |
The chief executive of Barclays, CS Venkatakrishnan, has mounted a strong defence of Rachel Reeves' tax-raising Budget, claiming the UK chancellor delivered an "admirable job" of harmonising spending, borrowing and taxation, despite…
Labour Unveils First Budget in 15 Years With £35bn Tax Rises on the Horizon
The Labour government is poised to implement significant fiscal changes as Rachel Reeves, the first female Chancellor of the Exchequer, prepares to deliver her maiden budget speech. The financial package, estimated at £35 billion in tax…
British Tax Burden Inches Closer to European Union Average in Historic Shift
The United Kingdom's escalating tax burden has pushed government revenues nearer to European Union levels than witnessed in decades, marking a significant transformation that Labour's Rachel Reeves is poised to amplify with substantial tax…
Wise boss fined £350,000 after failing to inform FCA that he failed to pay tax
The City regulator fined Wise's founder £350,000 after he failed to notify them that he hadn't paid his taxes.
The Financial Conduct Authority (FCA), said that on Monday, Wise's chief executive Kristo Kaarmann had failed to inform it…
Investors abandon small businesses over fears of inheritance tax
Investors have sold their shares in Britain's Aim Stock Market due to fears of an IHT raid.
Aim shares, which are intended to encourage small business investment, are exempted from inheritance tax if the owner holds them for at least two…
BrewDog founder takes on tax hike threat before possible float
BrewDog founder has criticized the government for plans to increase capital gains tax in advance of a much-anticipated stock market listing of the brewery that could result in a large payout.
In an email to Sir Keir and Rachel Reeves, on…
Shares of UK gambling companies fall by £2bn amid talk about higher taxes in the budget
The value of the British gambling sector has dropped dramatically, reducing it by more than £2bn. This is after the Guardian reported Treasury officials may be able to collect between £900m (£900m) and £3bn (£3bn) in additional taxes.…
Bookmakers hit by tax hike fears
After a report that Treasury was considering a £3billion tax raid on this sector, the biggest bookmakers in Britain saw their market values plummet by billions.
Entain (formerly 888.com), Flutter, Evoke, Playtech, and Rank Group all saw…