The most recent Corporate Taxation articles from Accountancy Age

Stagecoach wins £87.8m tax battle

David Jetuah — 2008-07-24T19:51:00.000Z

David Jetuah, Accountancy Age, Thursday 24 July 2008 at 19:51:00

Long-running dispute with taxman results in £87m windfall for transport company Stagecoach

Transport giant Stagecoach has won an £87.8m windfall after settling a long-running dispute with the taxman. The FTSE 250 company said sticking points with HM Revenue & Customs on tax...

Tories must simply get real

Alex Hawkes — 2008-07-24T19:19:00.000Z

Alex Hawkes, Accountancy Age, Thursday 24 July 2008 at 19:19:00

I haven’t really known what to make of the Tories’ plans on tax simplification

Tax complexity is one of those tricky topics that I think nobody really knows how to solve, and I suspect there are good reasons for cynicism about the whole project....

Treasury moves to harm debt-financed takeovers

Alex Hawkes — 2008-07-24T14:27:00.000Z

Alex Hawkes, Accountancy Age, Thursday 24 July 2008 at 14:27:00

Treasury threatens to move its attack on multi-national tax arrangements to a restriction of interest relief

The Treasury this week threatened to move its attack on multi-national tax arrangements to a restriction of interest relief, potentially hampering foreign companies hoping to carry out big debt-financed takeovers,...

Temps 'make £300m of false tax claims'

Kevin Reed — 2008-07-24T12:32:00.000Z

Kevin Reed, Accountancy Age, Thursday 24 July 2008 at 12:32:00

Treasury looks to clamp down on expenses abuses

At least £300m a year in false tax relief claims on expenses is made by the temping industry, the Treasury has claimed....

Girls Gone Wild mogul denies evasion charges

AccountancyAge.com — 2008-07-23T09:49:00.000Z

AccountancyAge.com, Accountancy Age, Wednesday 23 July 2008 at 09:49:00

Soft-porn video mogul denies charges, saying he was the victim of an IRS whistleblower scheme

Soft-porn video mogul and creator of 'Girls Gone Wild' Joe Francis has denied charges of tax evasion in Los Angeles....

Businesses face global debt cap

Alex Hawkes — 2008-07-22T09:30:00.000Z

Alex Hawkes, Accountancy Age, Tuesday 22 July 2008 at 09:30:00

Treasury returns to restriction of interest relief idea as it drops 'passive income' proposals for foreign profits.

A global debt cap could be introduced for multi-nationals to limit the possibility of abusing interest relief, it emerged yesterday....

'Another' Darling u-turn

our parlimentary correspondent — 2008-07-22T09:05:00.000Z

our parlimentary correspondent, Accountancy Age, Tuesday 22 July 2008 at 09:05:00

Osborne claims chancellor reaches 'seventh' u-turn

Tory shadow chancellor George Osborne has claimed Alistair Darling is on the brink of his 'seventh major u-turn' since becoming chancellor with a climb-down over the taxation of foreign profits....

Labour on brink of 'disastrous' foreign profits tax u-turn

our parliamentary correspondent — 2008-07-21T16:20:00.000Z

our parliamentary correspondent, Accountancy Age, Monday 21 July 2008 at 16:20:00

Shadow chancellor George Osborne says Darling will drop plans to tax foreign profits

Tory shadow chancellor George Osborne has claimed Alistair Darling is on the brink of his 'seventh major u-turn' since becoming chancellor with a climb-down over the taxation of foreign profits....

Bacon pans HMRC's'sketchy' £11.5bn savings plan

David Jetuah — 2008-07-17T17:59:00.000Z

David Jetuah, Accountancy Age, Thursday 17 July 2008 at 17:59:00

Revenue's transformatiom programme too reliant on best case scenario estimates says PAC firebrand

Richard Bacon has panned the taxman for using 'sketchy and volatile' estimates to arrive at a target of £11.5bn of savings when its transformation programme is completed....

Huge rise in reliance on VAT by instalments

David Jetuah — 2008-07-17T00:27:00.000Z

David Jetuah , Accountancy Age, Thursday 17 July 2008 at 00:27:00

Number of companies spreading out their VAT liabilities goes up, as they try to avoid the threat of going under

Advisers say there has been a spike in the number of companies spreading out their VAT liabilities as they try to avoid the threat of going under....

Liechtenstein on charm offensive

Alex Hawkes — 2008-07-16T09:58:00.000Z

Alex Hawkes, Accountancy Age, Wednesday 16 July 2008 at 09:58:00

Principality at heart of German probe launched marketing efforts to dispel negative ideas about its tax and legal structure.

Liechtenstein is to go on a charm offensive in neighbouring countries to dispel notions that it is a harmful tax haven....

IMF to end 'offshore' distinction

Alex Hawkes — 2008-07-15T10:01:00.000Z

Alex Hawkes, Accountancy Age, Tuesday 15 July 2008 at 10:01:00

IMF to integrate offshore arm within its broader financial sector analysis

The IMF has moved to bring its 'offshore' arm within its overall financial sector assessments, following criticisms that the offshore tag carries unwanted connotations....

SMEs in non-compliance tax threat

AccountancyAge.com — 2008-07-11T11:06:00.000Z

AccountancyAge.com, Accountancy Age, Friday 11 July 2008 at 11:06:00

Small businesses are so frustrated with complexity that they may not meet legal obligations

Small businesses are getting so frustrated with the complexity of the tax system that they may decide not to meet their legal obligations, a group representing contractors and consultants has...

Vodafone in $4bn court battle over tax

Michelle Perry — 2008-07-11T10:24:00.000Z

Michelle Perry, Accountancy Age, Friday 11 July 2008 at 10:24:00

Foreign investors eye landmark court case between the Indian government and Vodafone over a tax bill of more than $4bn.

A retrospective tax law change in India could see Vodafone forking out more than $4bn (£2bn) in tax if it loses its court battle against the government, twice what had...

Taxpayer loses VAT rounding battle

Alex Hawkes — 2008-07-11T10:16:00.000Z

Alex Hawkes, Accountancy Age, Friday 11 July 2008 at 10:16:00

Businesses will have to round up as well as down on baskets of goods

Businesses will have to round up VAT liabilities as well as rounding down, following an ECJ judgment that gave European member states the right to decide on the issue....