News

UK sales for 2013 surge to $5.6bn, bringing its corporation tax arrangements back into the spotlight

Taxing times: The politics of Ed Balls’s pledge to reintroduce the 50p rate may be sound. But the economics are not

The 50p rate simply does not bring in enough money to justify its own existence

Jim Armitage: George Osborne's vow to raise £3.4bn from tax dodgers was cuckoo

Outlook If there's one thing you'll get accountants to agree with, it's that government pledges to recoup billions from tax avoiders are always massively overstated.

It's better to get your tax return done now

Consumer Rights: Time's running out to keep the taxman off your back

The deadline for filing your 2012-13 return is midnight on 31 January, otherwise you'll be fined

'My goldfish died': 10 oddest excuses for late tax returns

HM Revenue and Customs reveals 10 most bizarre excuses for sending in a late return

Money alert: Fines if you miss the January tax deadline

If you pay tax through self-assessment the deadline for online returns for the 2012-13 tax year is midnight on 31 January.

A flooded car park nearTewkesbury Cathedral in Gloucestershire as heavy rain and strong winds continue across the country
The Treasury struck a deal with Swiss authorities it hoped would result in £3bn being recouped in unpaid tax. HMRC has only collected £440m revenue to date

Take from the poor, but not the rich: Tax authorities accused of 'siding' with big business over small firms and individuals

HMRC ‘holds back’ from pursuing big avoiders, says Commons committee, and public pays the price

More job losses likely as government departments face further budget cuts

Government departments will have to find a further £3bn of cuts over the next three years, in a move likely to result in further job cuts and programme closures.

Minimum wage must be enforced on pay-cheat bosses, says think tank

Tougher action is needed to enforce the national minimum wage and tackle rogue employers who refuse to pay the statutory rate, a new report has urged.

Royal Bank of Scotland’s controversial Global Restructuring Group demanded that companies falling within its remit stopped paying tax

RBS told customers to stop paying tax

RBS’s effect on firms ‘made me sick’, says Lawrence Tomlinson in report to the Department of Business, Innovation and Skills

Countries with poor tax collection may lose international aid, says Justine Greening

International Development Secretary Justine Greening has hinted that the Government may look at reducing aid funding for countries that are not properly collecting taxes.

Grieving relatives and crime victims are among millions of people forced to pay premium rates to ring government helplines, a parliamentary committee reported

Premium rate Whitehall helplines hit poor hardest - with half the cost coming from being on hold

Grieving relatives and crime victims are among millions of people forced to pay premium rates to ring government helplines, a parliamentary committee reported today.

Margaret Hodge has said she would be recalling the head of HMRC to give evidence about its failure to collect the tax it was due

Revealed: £4.7bn corporation tax lost through evasion and avoidance as Royal Mail is sold for £650m less than it is worth

New figures show £1 in every £10 of corporation tax is spirited away from the taxman as HRMC does not count controversial schemes run by companies such as Google, Amazon and Starbucks

£35bn in tax not collected

Figure is £1 billion higher than in the previous period

Cigarette companies accused of supplying black market in Britain

MPs says Treasury is being cheated by firms that deliberately flood European markets

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Syria civil war: Meet the military commander who says his soldiers will not rest until every inch of their war torn country is free of Islamist 'terrorists'

‘We won’t stop until Syria is back to normal’

Near the front lines with Islamist-controlled towns where Assad’s troops were besieged just last month, Robert Fisk meets a commander confidently preparing his soldiers for battle
The inside story of how Bill Clinton built a $2bn global foundation may undermine Hillary's chances

The inside story of how Bill Clinton built a $2bn global foundation...

... and how it may undermine Hillary's chances in 2016
12 best olive oils

Extra-virgin, cold-press, early-harvest, ultra-premium: 12 best olive oils

Choosing an olive oil is a surprising minefield. Save yourself the hassle with our handy guide
Rafa Benitez Real Madrid unveiling: New manager full of emotion at Bernabeu homecoming

Benitez full of emotion at Bernabeu homecoming

There were tears in the former Liverpool manager’s eyes as he was unveiled as Real Madrid coach. But the Spaniard knows he must make tough decisions if he is to succeed
Sepp Blatter resignation: The beginning of Fifa's long road to reform?

Does Blatter's departure mean Fifa will automatically clean up its act?

Don't bet on it, says Tom Peck
Charles Kennedy: The baby of the House who grew into a Lib Dem giant

The baby of the House who grew into a Lib Dem giant

Charles Kennedy was consistently a man of the centre-left, dedicated to social justice, but was also a champion of liberty and an opponent of the nanny-state, says Baroness Williams
Syria civil war: The harrowing testament of a five-year-old victim of this endless conflict

The harrowing testament of a five-year-old victim of Syria's endless civil war

Sahar Qanbar lost her mother and brother as civilians and government soldiers fought side by side after being surrounded by brutal Islamist fighters. Robert Fisk visited her
The future of songwriting: How streaming is changing everything we know about making music

The future of songwriting

How streaming is changing everything we know about making music
William Shemin and Henry Johnson: Jewish and black soldiers receive World War I Medal of Honor amid claims of discrimination

Recognition at long last

Jewish and black soldiers who fought in WWI finally receive medals after claims of discrimination
Beating obesity: The new pacemaker which helps over-eaters

Beating obesity

The new pacemaker which helps over-eaters
9 best women's festival waterproofs

Ready for rain: 9 best women's festival waterproofs

These are the macs to keep your denim dry and your hair frizz-free(ish)
Cycling World Hour Record: Nervous Sir Bradley Wiggins ready for pain as he prepares to go distance

Wiggins worried

Nervous Sir Bradley ready for pain as he prepares to attempt cycling's World Hour Record
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?