Prime Minister Gordon Brown yesterday acknowledged the corporate anger over
the latest tax increases, promising to cut corporation tax further, in a second
attempt to stem the exodus of UK companies abroad.
‘The dialogue I agree can be better and will be better,’ he told the
Institute of Directors annual conference and promised the tax review announced
last Tuesday could ‘look at all aspects’ of the regime.
He rejected a suggestion that last month’s increase in capital gains tax and
levy on non-domiciled foreigners was proof business was lower on Labour’s list
of priorities. ‘Our aim, I tell you, is to reduce corporation tax even further
when we can afford to do so. I want to go further and we’re looking at how we
can do it,’ he said.
International Power is
the latest multinational to consider moving its corporate headquarters away from
the UK because of dissatisfaction with the tax reforms, while Aegis and ITV are
also watching developments, according to the Financial Times.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay