The London Organising Committee of the Olympic Games has been made exempt
from corporation tax in the year’s Budget.
The regulations bringing in the exemption will be effective retrospectively
from the date of the company’s incorporation on 22 October 2004.
Regulations will also be introduced in relation to the International Olympic
Committee, non-resident athletes, and other people in the UK to carry out
temporary Olympic-related business to ensure that any income generated with not
be subject to corporation, income or capital gains tax.
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
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