Vodafone has lost its fight to appeal against a court ruling that it is
liable for £2.2bn in tax.
The Supreme Court said Vodafone’s application to appeal “did not raise an
arguable point of law of general public importance”. This follows a Court of
Appeal ruling earlier this year that overturned an initial ruling that the
mobile giant would not have to pay corporation tax on a holding company owned in
Vodafone had argued that its subsidiary, set up following the acquisition of
Mannesman in 2000, should not have to pay UK corporation tax as UK rules on
taxation of profits on Controlled Foreign Companies were incompatible with EU
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