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There’s a big controversy brewing regarding Starbucks, and their tax arrangements in the UK. Many independent coffee shop owners have expressed outrage that Starbucks has managed to pay very little in the way of corporation tax, while smaller and less resourceful cafes pay a larger contribution. Some people have even called for a boycott of […]
Metro Bank Supports SMEs With Cash Flow Problems Now here’s some exciting news: Metro Bank, which has more than 12 branches throughout London, is going to be helping small businesses to overcome cash flow problems by offering millions in funding. This is in association with Vince Cable, who is the Business Secretary in the existing […]
The FSB have claimed that small businesses across the UK are suffering from too much regulation which prevents them from growing effectively, in addition to making hiring new staff harder. The organisation further claims that those who are already in employment are protected more than those who actively seek work along with millions of others […]
It’s an age-old debate both here in the UK and across the Atlantic. With the Labour conference ongoing in Manchester – and Ed Miliband claiming that only the richest individuals benefited from the new 45p rate – there seems to be scepticism as to whether this tax break actually results in more revenue overall. Meanwhile, […]
HMRC has saved the taxpayer an estimated £200m by taking three tax avoidance schemes to the courts – and winning all of its cases. The first case involved a scheme that addressed capital gains tax and which, according to HRMC, prevented around £90m finding its way to the treasury. The second case involved the directors […]
The 2009 expenses scandal that exposed many MPs for claiming where they shouldn’t have had the nation screaming for reform. This led to the Independent Parliamentary Standards Authority (IPSA) being set up to oversee the changes that needed to be made – but which, in its turn, is creating unrest with MPs complaining that it […]
HM Revenue and Customs have announced that there is going to be a new initiative to help children understand about tax, and the significance it has on the community in which they live. However, there has been widespread controversy about the course after it was revealed that 11-year-olds would be asked to name and shame members […]
Despite the Royal Bank of Scotland and HSBC setting aside billions of pounds for business loans, the Office for National Statistics has confirmed that the current recession in the UK is caused by a lack of credit available to SMEs. With empty shops lining high streets, the number of firms going bust on the rise, […]
HM Revenue & Customs is beginning to crack down on missing tax returns for the years 2009-2010. Currently, HMRC is unable to predict how many people are involved with missing tax returns, but wants people who have previously kept quiet to come forward and avoid further financial penalties. If you are one of the many […]
HM Revenue and Customs is tired of being taken for a ride by those rich enough to exploit legal loopholes to avoid paying enough tax – and has decided to “take firm action.” Over a 1,000 people, including members of Take That and comedian, Jimmy Carr are suspected of using a variety of schemes such […]