The troubled media behemoth has been exempt from paying VAT in the UK, because in 1997 it was classified by customs officials as an information provider, rather than a telecoms provider. The latter is taxable, the former not.
But fierce rival, Freeserve, has argued that AOL should be forced to pay the tax, claiming that AOL has saved £200m of VAT, so receiving an unfair advantage.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
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