Tag Archives: HMRC

Tax firms face fines

Accountants, tax planners and advisors could face tough penalties if they are found to have helped companies avoid tax. Currently tax avoiders face significant financial costs if HMRC defeats them in court. However, those who advised on, or facilitated, the avoidance bear little risk. This could change under the new proposals published this week by…
Read more

Tax avoiders have hell to pay

Campaign groups, newspapers, MPs and even the European Commission are on the warpath. Can companies afford to keep dodging the Revenue? In December, Starbucks declared its largest ever UK profit and its biggest tax bill. Three years after the company was shamed for avoiding tax, the announcement appeared, as the Financial Times reported, “to draw…
Read more

DEFRA negotiates dairy farmer support

FOLLOWING A tough year for the dairy industry, the Department of Environment, Farming and Rural Affairs (DEFRA) has asked that UK banks, tax authorities and the Rural Payments Agency to show support to farmers.                     At a meeting hosted by Defra Secretary Liz Truss, the RPA…
Read more

Starbucks to pay more tax

THE ONLY things certain in life are death and taxes. Unless you are Google, Amazon or Starbucks, of course.   But in an “unprecedented” move, the latter has now decided to pay corporation tax in the UK “above what is currently required by tax law”. This means it will “pay or pre-pay approximately £10 million…
Read more

Tax for Mac

MCDONALD’S HAVE become the first Olympic sponsor to refuse their Olympic tax break.   The move follows revelations by Ethical Consumer magazine and also pressure from the online campaign group 38 Degrees.   Under HMRC rules the Olympic site in East London has now become the world's latest tax haven. The result is that most…
Read more

Footprint News

Subscribe to Footprint News