HMRC
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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… Read More
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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… Read More
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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. … Read More
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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… Read More
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Tax for Mac
MCDONALDS 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… Read More