All Tax articles
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NewsStarbucks paid £7.2m in UK corporation tax despite gross profit of £149m
‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, The Guardian reports
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NewsJeremy Hunt review ‘set to end tourist tax’
The chancellor has asked the Office for Budget Responsibility to look at whether the scrapping of VAT-free shopping for tourists should be reversed, The Sunday Times reports
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NewsIssas deny using Jersey for tax reasons
The owners of Asda and EG Group blamed an administrative error for reporting to MPs that some of their companies are based in the tax haven, adding all their businesses are based in the UK
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NewsHonest Burgers clashes with the taxman over bill
The business was slapped with a winding-up petition by the taxman last week after talks to agree a “time to pay” arrangement collapsed, The Sunday Times reports
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NewsHospitality chiefs warn businesses will shut without tax freeze
Burger King, Fuller’s and Greene King are among the industry leaders who have signed a letter to the Chancellor calling for a tax freeze for pubs and restaurants
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NewsTony Blair: Tax fast food to improve health
The former prime minister, who is advising Labour leader Kier Starmer, said there should be higher taxes and tougher advertising restrictions on foods high in fat, sugar and salt
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NewsEnd to alcohol tax freeze could see pub numbers fall further
Pub numbers could be set to decline as they brace themselves for an end to the freeze on alcohol tax, says finance specialist RIFT
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NewsUK delis could be forced to put up prices after new Brexit tax
The plan to charge £43 per consignment could see some small businesses struggle to stay open, The Guardian reports
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NewsUK food giant calls for higher fat, sugar and salt taxes
Danone boss urges ministers to help people make healthy choices, The Observer reports
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NewsOakman Group: ‘Concerns about inflation and taxation persist’
When adjusted for VAT, total sales were 17% up and lfl sales 6.9% up in the first 38 weeks of FY2022/23, with work commencing on two new sites
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NewsUK businesses face ‘week of woe’ as corporation tax rise hits
The main rate of corporation tax will rise from 19% to 25% from April, raising about £18bn a year for the Treasury, the FT reports.
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NewsDon’t increase corporation tax, three ex-chancellors tell Rishi Sunak
Lord Hammond, Kwasi Kwarteng and George Osborne join rebellion against policy as Budget looms, The Telegraph reports
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Analysis & InsightTaxes must rise to plug £40bn black hole in budget
There’s limited scope for further spending cuts so the PM and chancellor must surely look to higher taxation to repair damage done by the mini-budget, the Observer reports
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NewsHunt scraps tax cuts from £45bn to £12bn
London’s stock markets reacted positively to the U-turn, but families could face energy bills of up to £5,000 from April
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NewsSecond major mini-budget U-turn as government raises corporation tax
Kwasi Kwarteng, who was on Friday sacked as chancellor, had promised in the mini-budget last month to keep corporation tax at 19% instead of increasing it to 25% as planned in April
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NewsRevenue up but pre-tax profit down at Tortilla
The fast-casual Mexican restaurant business reported strong like-for-like sales in the first half of FY21 and into the summer, despite the impact of the heatwave and rail strikes
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NewsLiz Truss plans to cut taxes further in the new year
The Government is preparing to end a sugar tax on soft drinks, The Telegraph reports
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NewsWetherspoon to slash prices to highlight tax disparity
Pubs across will be cutting the price of all food and drink by 7.5% next Thursday to show the benefit of a permanent VAT reduction
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OpinionTim Martin renews call for tax equality
The JD Wetherspoon chairman said that if pubs are to survive and thrive they need to be treated fairly by the Treasury, and that the big pubcos need to campaign for permanent tax reduction
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NewsGordon Ramsay Restaurants makes £6.8m pre-tax loss
The group, which added 10 restaurants to its portfolio in the last financial year, said it remained committed to its growth strategy