News

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

Editorial: Blame the tax loopholes

Chalk up another victory for the PR departments of the global investment banks. Some – including Goldman Sachs – are reportedly considering deferring bonuses for their UK staff until after 6 April to take advantage of the lower top rate of income tax. The prospect of too-big-to-fail banks using such a sly bit of avoidance to save their already over-remunerated staff a tax bill – and at the expense of the struggling British Exchequer – has understandably provoked disgust. Labour's Chris Leslie has warned them to "think carefully" about their reputations.

Editorial: An alarming spike in snooping

Few would dispute that the Government should work hard to pursue tax dodgers. And in such lean times as these, a crackdown can only be all the more welcome. After all, with nearly £7bn thought to be slipping through the net each year, there is much to be gained for the yawning public purse. But even so large a prize does not give the taxman carte blanche in his methods, and evidence of a sharp spike in snooping by the authorities is still cause for alarm, however worthy the cause.

Ignore the 50p tax rate grandstanding, its real effects are impossible to tell

The numbers we have simply don't stand up to scrutiny

Fears that taxman lacks resources to target evaders

The number of requests for information on individuals' tax affairs issued by the taxman has declined by 40 per cent, raising questions over whether HMRC is sufficiently resourced to clamp down on evasion and aggressive avoidance.

Fears that cuts are taking toll on taxman

The number of requests for information on individuals' tax affairs issued by the taxman has declined by 40 per cent, raising questions over whether HMRC is sufficiently resourced to clamp down on evasion and aggressive avoidance.

Whitehall's bid to save £50m, one paperclip at a time

Tax collectors have set up "swap shops" to redistribute surplus envelopes and briefcases. In one Whitehall outpost, staff are using ash from their bio-mass burner as garden fertiliser. Elsewhere, Home Office officials have taken to generating electricity from bootleg alcohol.

The Chancellor says the move could save the Treasury up to £2.5bn a year

Middle classes face 65% tax rate after child benefit squeeze

The Chancellor says the move could save the Treasury up to £2.5bn a year

Some find inner peace in champagne, others in filing a tax return

While most were topping up their glasses ready for a midnight toast, 160 Britons spent the hour after 11pm on New Year's Eve filing their tax return, according to HMRC.

Cleaners desperate for a pay rise left a note making their case on the Whitehall desk occupied during the day by Iain Duncan Smith, the Work and Pensions Secretary

Iain Duncan Smith launches scathing attack on tax credit abuse

More than £10 billion of public money has been lost in fraud and error under the tax credit system put in place by Labour, the Work and Pensions Secretary has claimed.

Starbucks is among companies criticised over their tax bill

Large companies paying less tax despite big increase in profits

Britain's biggest companies pay less tax now than they did 12 years ago, it was revealed today, while their profitability over that period has jumped.

The great HMRC telephone rip-off: Revenue's failure to answer the phone costs taxpayers £136m a year

Taxpayers are facing a bill of £136 million a year because of the inability of Her Majesty’s Revenue and Customs officials to answer the phone, a damning report from the Government’s spending watchdog will reveal tomorrow.

Failure of HMRC to answer the phone costs us £136m

Taxpayers are facing a bill of £136m a year because of the inability of Her Majesty's Revenue and Customs officials to answer the phone, a damning report from the Government's spending watchdog reveals today.

Barclay brothers drawn into tax controversy over Ritz

A delayed Panorama investigation into the billionaire Barclay brothers will claim that London's Ritz hotel - one of the jewels in the crown of the twins' property portfolio – has not paid any corporation tax since it was acquired by them 17 years ago.

An investigation will claim that the Ritz hotel – owned by reclusive Channel island tycoons David and Frederick Barclay – has incurred no corporation tax since the pair acquired it in the mid-1990s

Barclay brothers drawn into tax controversy over Ritz investment

A delayed Panorama investigation into the billionaire Barclay brothers will claim that London's Ritz hotel – one of the jewels in the crown of the twins' property portfolio – has not paid any corporation tax since it was acquired by them 17 years ago.

The Prince's environmental values have been called into question

Prince Charles attacked over tax payments

Clarence House defended the Prince of Wales' financial arrangements today after he was reported to authorities over claims the Duchy of Cornwall is a "well entrenched tax avoidance scheme".

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Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
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The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
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New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
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The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

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Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

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Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
Sometimes it's hard to be a literary novelist

Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried