The fines, imposed under the 2003 Communications Act will be limited to turnover on relevant businesses, net of sales rebates, VAT and other taxes, and will be imposed on communications providers who contravene the conditions of entitlement.
Whereÿthe business consists of two or more undertakings OfCom will exclude turnover resulting from the supply of goods or services between them, when imposing the fines.
The new Office of Communications merges the functions of five existing regulatory bodies the Independent Television Commission (ITC), the Broadcasting Standards Commission (BSC), the Office of Telecommunications (Oftel), the Radio Authority (RAu) and the Radiocommunications Agency (RA).ÿ
Does Darwin's theory apply to taxation? Colin ponders...
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
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements