A leading stockbroker has highlighted GUS’ low tax rate as key to its
valuation as it plans to demerge with Experian.
Morgan Stanley analyst Geoff Ruddell said that GUS, the business that
operates Argos, had a low tax rate due to the way its information arm Experian
was structured within the group.
Questioning as to whether GUS would be able to maintain a low tax rate when
it completed its demerger helped to push the share price down 7p to 978p
yesterday, reported The Times.
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory