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Starbucks is planning to change the way it operates so that it will end up paying corporation tax in the UK. BBC business editor Robert Peston cited sources close to the coffee shop firm as saying it had been stung by the criticism and was changing its ways. Despite having almost one-third of the UK [...]
Barclays Bank has been ordered by the Treasury to pay half-a-billion pounds in tax which it had tried to avoid. Barclays was accused by HM Revenue and Customs of designing and using two schemes that were intended to avoid substantial amounts of tax. The government has taken the unusual step of introducing retrospective legislation to [...]
Families with three or more children will be affected most, the FPI says. Families with children will be hardest hit by tax and benefit changes aimed at cutting the deficit, a charity argues. The Family and Parenting Institute (FPI) says the average income of households with children will drop by 4.2% between 2010-11 and 2015-16, [...]
Bank shares have fallen in London after the UK said it would “resist” a financial transaction tax on EU members proposed by the European Commission. The tax would raise about 57bn euros ($78bn; £50bn) a year and would come into effect at the start of 2014. At close, Royal Bank of Scotland was behind by [...]
Fuel duty should be replaced, says IFS tax review. Replacement of fuel tax with a congestion charge is among a number of measures suggested in a blueprint for the tax system by a leading think tank. The Mirrlees Review, by the Institute for Fiscal Studies, claimed that the UK tax system was inefficient and complex. [...]
Can VAT refund software help corporate companies reclaim money that would otherwise be lost? Most companies are entitled to recover foreign VAT, but due to unawareness, the complexity and intricacies of the process, or lack of resource, significant amounts of money go unclaimed and are effectively lost. OneTree Solutions, an IBM Business Partner harnessing IBM’s [...]
The financial world is in turmoil, the global economy increased. The Treasury notes of it but still nothing – quite the contrary: thanks to gushing tax revenue could reach Germany earlier than expected a balanced budget. Already this year the deficit would be federal, state, and social security funds expected to fall to 1.5 percent [...]
The cost of training or study leave may make tax-deductible. So it was decided by the Federal Tax Court. Finance Minister Schäuble wants to change the law – because he has learned it differentl Federal Finance Minister Wolfgang Schäuble (CDU) wants to change in the opinion of the Federal tax deduction for the cost of [...]
Doubts about the correctness of the assessment? Then pays the objection. If similar procedures are already in court, consumers can simply sail free. Actually, the thing is clear: The security office, Jan Faller * a handicap of 30 percent certified, the lump sum amount of 310 € is to him also. Nevertheless, the tax office [...]
