The Department of Trade and Industry has backed The Royal Mail’s bid for
extra funding from the Treasury to modernise its operations and plug its pension
According to the BBC online, the Royal Mail has made a formal request for a
cash injection of £1.25bn, and greater access to £750m it has on its books.
The request for money comes at a time a time when the government is trying to
rein in public spending and, if it is granted, it would most likely have to be
paid back at a later date, which could mean a share sale, the BBC claimed.
Increasing competition in the postal industry from non-government players has
meant the Royal Mail needs around £2bn to upgrade its equipment to remain
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed