I was amused to read at the weekend that the government wants to convince the online gambling industry to come onshore. I already knew that the government had a vague aim of trying to become an international centre for the industry, but there was also some discussion in The Observer about tax rates.
This is all quite amusing, in the sense that you have to wonder in what parallel universe a company would move from paying no tax, to paying a 30% rate. There appear to be some discussions going on, but it is practically impossible to see why any of the gambling firms would forfeit such a considerable amount of money when their competitors are unlikely to follow suit.
I may not have fully understood the tax situation for people operating out of Gibraltar – there is some talk of changes. But those ministers involved in this really must have a very funny idea of business if they think that offering people the prospect of paying hundreds of millions of pounds in tax is really attractive.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year