From April 2016, the current dividend tax regime changes significantly which will result in an increase in tax for most limited company owners. The Government believes the way dividends are taxed currently is ambiguous and complex. Designed at a time when Corporation Tax was much higher than now, the Chancellor believes that many people now…
With this afternoon’s budget changes being leaked on Twitter by The London Evening Standard a good hour before Chancellor George Osborne’s budget speech, it was certainly a day of controversy for the UK Government. George Osborne started the proceedings by saying the budget is “for hard-working people” and despite the progress which the government has…
Yesterday HMRC published a list of 9 small businesses which have been charged penalties for not declaring all of their income to the tax man. The idea of this “naming and shaming” is that it will deter other business people from trying to avoid paying their tax. Indeed it may scare some into paying more…
As the row over Amazon’s tax contributions continues, the company are predicted to reveal a cash pile of up to $9bn (£5.7bn) after record Christmas sales, this week.
The biggest companies in the UK have seen their overall taxes go up by 19% since 2005, according to a new report published today.
