ECJ ruling: Bitcoin is exempt from VAT
Today’s ruling at the European Court of Justice (ECJ) means that transactions involving bitcoin – the digital currency – will be exempt from value-added tax (VAT).Continue reading
Uber London tax row: Uber insists it has ‘paid every penny due’
Controversial US taxi firm Uber paid no corporation tax in the UK last year despite making £11 million (US$17 million) in revenue, accounts reveal.Continue reading
China boosts investments in UK
Chinese president Xi Jinping’s first official visit to the UK this week brought with it a number of investments.Continue reading
Concern over looming increase in business rates
High street businesses have been warned to expect a significant increase in their business rates in the months to come.Continue reading
UK Inheritance Tax bill soars to £3billion
Britain’s Inheritance Tax (IHT) bill has topped £3billion, with the sums paid by the bereaved reaching a record high.Continue reading
An extra £50million raised from tax crackdown on private landlords
Officials at HM Revenue & Customs (HMRC) have said that a campaign encouraging private landlords to pay the tax they owe has raised an additional £50million.Continue reading
Cannabis legalisation worth millions – government report
Legalising cannabis would raise “notable tax revenue” and “lead to overall savings to public services”, an internal-Treasury report has concluded.Continue reading
Report suggests major changes to help SMEs
A leading think tank has made the case for a massive shake-up of the UK’s banking system, arguing that a new network of regional banks should be established nationwide.Continue reading
“Tougher years ahead” EY Item Club predicts
Britain’s economy faces “tougher years ahead” and interest rates are likely to remain on hold for another year, a leading forecaster has said.Continue reading
Bank of England to scrutinise George Osborne’s new bank levy
The Bank of England is set to examine the Chancellor’s plans to impose a new tax on banks, admit concerns that it may actually reduce competition in the sector.Continue reading
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