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Tax-avoidance could backfire on companies

Tax-avoidance could backfire on companies | Accountancy for SMEs | Scoop.it
Tax has become the latest battleground for ethical investors, but their message sends out a warning to anyone who invests in shares.
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Accountancy for SMEs
Information and tips for small to medium size enterprises.
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HMRC Amends Rebated Fuel Use Rules - Tax-news.com

HMRC Amends Rebated Fuel Use Rules - Tax-news.com | Accountancy for SMEs | Scoop.it
The Guardian
HMRC Amends Rebated Fuel Use Rules
Tax-news.com
HMRC has now agreed that such vehicles are also suitable for snow clearance and gritting, and that in some situations they may be the most appropriate vehicle to use.
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Barclays tax avoidance division generated £1bn a year – Salz review - The Guardian

Barclays tax avoidance division generated £1bn a year – Salz review - The Guardian | Accountancy for SMEs | Scoop.it
The Guardian
Barclays tax avoidance division generated £1bn a year – Salz review
The Guardian
The Salz review also sheds light on the amount of tax paid by Barclays in 2012.
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If the taxman gets your bill wrong it's now your fault - This is Money

If the taxman gets your bill wrong it's now your fault - This is Money | Accountancy for SMEs | Scoop.it
This is Money If the taxman gets your bill wrong it's now your fault This is Money Paul McKay, tax director at accountant Booth Ainsworth, says: 'We've noticed much more of a blanket approach taken by HMRC staff — they are giving an outright "no"...
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Loopholes cost HMRC £5bn a year, say MPs - The Independent

Loopholes cost HMRC £5bn a year, say MPs - The Independent | Accountancy for SMEs | Scoop.it
The Independent Loopholes cost HMRC £5bn a year, say MPs The Independent The committee said the HMRC should adopt a "much more robust approach" and consider "naming and shaming" the banks, accountancy firms and lawyers who advise rich clients on...
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UK cited as most tax-friendly nation - UPI.com

UK cited as most tax-friendly nation - UPI.com | Accountancy for SMEs | Scoop.it
UK cited as most tax-friendly nation
UPI.com
Researchers at the firm KPMG polled executives at 57 international companies and asked which countries had the lowest tax burden. Some 72 percent said Great Britain.
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The bedroom tax is just the latest assault on our poorest citizens

The bedroom tax is just the latest assault on our poorest citizens | Accountancy for SMEs | Scoop.it
Perverse, cruel, self-defeating, unjust: these terms could legitimately be used to describe a whole raft of Government policies.
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HMRC to move calls to cheaper numbers | Economia

HMRC to move calls to cheaper numbers | Economia | Accountancy for SMEs | Scoop.it
HMRC is going to switch all its helplines from expensive 0845 numbers to cheaper alternatives (RT @nicklevine: Hope other gov svces follow RT @economiamag HMRC to helplines from the expensive 0845 numbers to cheaper alternatives
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UK 'losing £8bn' rejecting bank tax - Aol Money

UK 'losing £8bn' rejecting bank tax - Aol Money | Accountancy for SMEs | Scoop.it
The Guardian UK 'losing £8bn' rejecting bank tax Aol Money The attack on Britain for not taking part came as 11 Eurozone countries won formal approval at talks in Brussels to go ahead without the rest and levy the tax on financial transactions...
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Chancellor George Osborne is turning his back on £8 billion a year in Treasury revenue by not signing up to a new tax on banks, it has been claimed. 
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U.K.'s Biggest Companies Lower Tax Rate With Overseas Business - Bloomberg

U.K.'s Biggest Companies Lower Tax Rate With Overseas Business - Bloomberg | Accountancy for SMEs | Scoop.it
Telegraph.co.uk
U.K.'s Biggest Companies Lower Tax Rate With Overseas Business
Bloomberg
The biggest U.K. companies paid taxes at a lower rate for the fourth consecutive year, in part by garnering more profit overseas even as Starbucks Corp.
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Tax break for married couples expected 'sooner rather than later' as Tory MPs say benefit changes hammer stay-at-home mums

Tax break for married couples expected 'sooner rather than later' as Tory MPs say benefit changes hammer stay-at-home mums | Accountancy for SMEs | Scoop.it
A tax break for married couples could be on the cards later this year - something that was promised by the Prime Minister David Cameron before he came to power.
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Tax Row: McDonald's Calls For Review Of Law - Yahoo! News UK

Tax Row: McDonald's Calls For Review Of Law - Yahoo! News UK | Accountancy for SMEs | Scoop.it
Yahoo! News UK
Tax Row: McDonald's Calls For Review Of Law
Yahoo! News UK
The managing director of McDonald's in the UK has said Britain's corporation tax rules need to be addressed.
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HM Revenue & Customs: HMRC offers sole traders webinars on first tax returns

HMRC offers sole traders webinars on first tax returns (RT @HMRCgovuk: HMRC offers sole traders webinars on first #taxreturns http://t.co/vIhUMCiA #webinar...)...
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UK will struggle to replace City's lost tax revenues - Telegraph.co.uk

UK will struggle to replace City's lost tax revenues - Telegraph.co.uk | Accountancy for SMEs | Scoop.it
Telegraph.co.ukUK will struggle to replace City's lost tax revenuesTelegraph.co.ukHis musings are no doubt well intentioned, and they certainly reflect the popular mood, but the assault on finance is already threatening a potentially catastrophic...
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HMRC are being 'bamboozled' by Google: MPs confront search giant over ... - The Independent

HMRC are being 'bamboozled' by Google: MPs confront search giant over ... - The Independent | Accountancy for SMEs | Scoop.it
The Independent
HMRC are being 'bamboozled' by Google: MPs confront search giant over ...
The Independent
Ms Homer, who was appearing after Mr Brittin, insisted that HMRC was better qualified than MPs to determine what taxes were due.
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Tax Cheats Named By HMRC For First Time - Sky News

Tax Cheats Named By HMRC For First Time - Sky News | Accountancy for SMEs | Scoop.it
BBC News
Tax Cheats Named By HMRC For First Time
Sky News
HMRC has published the names of nine individuals and businesses which it says owe more than £25,000 in tax.
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Next and Carphone Warehouse bosses back £25m small company fund - Telegraph

Next and Carphone Warehouse bosses back £25m small company fund  - Telegraph | Accountancy for SMEs | Scoop.it
The chief executives of Next and Carphone Warehouse are among the investors in a new £25m fund to back small, growing British companies.
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The chief executives of Next and Carphone Warehouse are among the investors in a new £25m fund to back small, growing British companies.
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Now they want to tax jewellery: New Lib Dem wealth plan to target ALL assets - including buy-to-let homes

Now they want to tax jewellery: New Lib Dem wealth plan to target ALL assets - including buy-to-let homes | Accountancy for SMEs | Scoop.it
Families will be forced to pay tax on heirlooms under new plans drawn up by the Liberal Democrats while tax inspectors would have powers to enter homes and value items.
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Axe inheritance tax - it causes too much economic damage - Telegraph.co.uk

Axe inheritance tax - it causes too much economic damage - Telegraph.co.uk | Accountancy for SMEs | Scoop.it
Telegraph.co.uk Axe inheritance tax - it causes too much economic damage Telegraph.co.uk George Osborne's plan to stealthily drag tens of thousands more families into the tax net is not only an attack on parents' drive to provide for the children...
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Accountant joins backlash against tax dodge attacks - Telegraph

Accountant joins backlash against tax dodge attacks - Telegraph | Accountancy for SMEs | Scoop.it
One of the UK’s top accountants has joined the business backlash against attacks on corporate tax avoidance by politicians, telling the authorities to change the law if they are unhappy with the ethics.
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One of the UK’s top accountants has joined the business backlash against attacks on corporate tax avoidance by politicians, telling the authorities to change the law if they are unhappy with the ethics.
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Bank boss warns Cameron on tax

Bank boss warns Cameron on tax | Accountancy for SMEs | Scoop.it
Bank boss warns Cameron on tax | UK | - Breaking news from around the UK (Bank boss warns Cameron on tax: The head of Goldman Sachs has cautioned politicians against subjec...
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Blockbuster paid £250,000 in tax despite sales of more than £3.5bn

Blockbuster paid £250,000 in tax despite sales of more than £3.5bn | Accountancy for SMEs | Scoop.it
Movie rental chain's UK franchise was charged £78m in royalties for use of brand, IT systems and other rights by US parent (RT @selfassessmenta: Blockbuster paid £250,000 in UK tax on profits of £37m over 15 years -
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Movie rental chain's UK franchise was charged £78m in royalties for use of brand, IT systems and other rights by US parent.

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Ten common mistakes made on tax returns

Ten common mistakes made on tax returns
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Looking at the HMRC website, the “common mistakes” they urge you to avoid in terms of filling out your tax return include: Remembering to sign and date it, checking each page, adding your tax reference number if you downloaded the form, using the right form for the right tax year and not scribbling notes on the form like, “Information to follow”.


That’s fine (if you are in a school exam!) but it’s not so helpful in terms of understanding where most people go wrong and how you can avoid some of the common pitfalls.

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David Cameron: Tax avoiding foreign firms like Starbucks and Amazon lack 'moral scruples' - Telegraph

David Cameron: Tax avoiding foreign firms like Starbucks and Amazon lack 'moral scruples' - Telegraph | Accountancy for SMEs | Scoop.it
Foreign companies like Starbucks and Amazon which have avoided paying large corporation tax bills in the UK lack "moral scruples", David Cameron has said.
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If Starbucks Makes Losses In The UK Then Why The Demand It Pays Profit Taxes? - Forbes

If Starbucks Makes Losses In The UK Then Why The Demand It Pays Profit Taxes? - Forbes | Accountancy for SMEs | Scoop.it
If Starbucks Makes Losses In The UK Then Why The Demand It Pays Profit Taxes?ForbesYou may or may not have heard of the furore over the taxes that Starbucks does or doesn't pay in the UK.
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Now Man Utd stand accused over low level of corporation tax - The Guardian

Now Man Utd stand accused over low level of corporation tax - The Guardian | Accountancy for SMEs | Scoop.it
The GuardianNow Man Utd stand accused over low level of corporation taxThe GuardianManchester United, one of the world's richest football clubs, has paid more to its tax advisers than it has in corporation tax returns over the past six years, the...
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