News

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

HMRC warns late tax return filers will face 'debt-recovery actions'

Some 300,000 Britons who haven't filed tax returns for 2011 could face "debt-recovery actions" including court proceedings and seized assets if they continue to ignore the Revenue's approaches next year.

Geri Halliwell and Danny Alexander on The Andrew Marr Show yesterday

Danny Alexander warns firms who use legal tax avoiding schemes that payment is an 'obligation' not an 'option'

Multinational firms who use tax havens and other legal tax avoiding devices were told today that paying tax is not an “option” like putting money on a collection plate, but an “obligation”.

The maths...
£315m - amount Treasury plans to claw back through tougher childcare rules
£2.2bn - cost of tax credits error and fraud in 2010-11
£1,920 - maximum amount a family can claim in working tax credit
£150m - amount per year the poorest 10 per cent of households will lose under plans to cut all benefits in real terms
400,000 - number of people who will lose money under new universal credit

Families hit by tax credit red tape

More than 500,000 households must now send proof to HMRC of their childcare spending

Johnny Depp stars as Captain Jack in Pirates of the Caribbean

Pirates of the Caribbean franchise partly funded by rich British investors trying to avoid paying tax

Revelation emerged in testimony to the House of Commons Public Accounts Committee

Hard-pressed drivers were given some respite as Osborne scrapped the fuel duty rise

Autumn Statement at a glance

Hard-pressed drivers were given some respite as Osborne scrapped the fuel duty rise

George Osborne goes for growth (by firing 10,000 civil servants)

Chancellor warns he will squeeze departmental budgets so he can find £5bn to boost economy

Coffee giant to raise contributions ahead of Autumn Statement

Starbucks has bowed to the public outcry over its tax affairs and agreed to amend its operation, increasing its rate of corporation tax contributions.

Starbucks has agreed to increase its rate of corporation tax contributions

Starbucks says it will start paying more UK tax - but baristas face cutbacks

Starbucks has bowed to the public outcry over its tax affairs and agreed to amend its operation, increasing its rate of corporation tax contributions, but 7,000 of the coffee giant's staff in the UK are now faced with cutbacks to their paid lunch breaks and sick leave.

David Cameron rules out 'naming and shaming' multinationals who fail to pay their 'fair share' of tax

David Cameron has ruled out “naming and shaming” large multinational companies who fail to pay their “fair share” of tax in Britain.

Theresa May defends internet surveillance plans dubbed 'snooper's charter' by opponents

Lives will be saved by new internet powers allowing security services and police to snoop on emails, web visits and social networking sites, Home Secretary Theresa May has said. 

Global giants must be 'named and shamed' over tax avoidance

MPs calls for end to 'sweetheart deals' and insist multinationals should be prosecuted for not paying enough tax

It's unfair on the ordinary taxpayer

The fact that Manchester United and other clubs paid no corporation tax can't be right. Multimillion-pound football clubs shouldn't be able to beat the tax system. Loopholes should be closed. It might not be illegal, but it's wrong when others have to pay taxes in full.

Alcohol still discovered in garden shed

Officials have warned of the dangers of illegal alcohol following the discovery of a home-made still in a garden shed.

Editorial: Let the buyer beware

The Public Accounts Committee has lived up to its name. By extracting information from Amazon about the true size of the online retailer's UK revenues, the House of Commons committee has held a powerful firm to account – and dragged some germane information into the debate about corporate tax avoidance.

UK Sale: £1.2bn... UK Tax: £0

Sketch: Getting to the bottom of Starbucks' tax arrangements is a study in exasperation

If nothing else the questioning of the country’s top taxperson was a study in exasperation today. Understandably, the Commons Public Accounts Committee was eager, desperate even, to find out from Lin Homer, HMRC’s chief executive, how it was that Starbucks managed to pay a trifling £8.6million in corporation tax on UK sales of - wait for it - £398million.

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