Some of the biggest UK businesses have threatened to move their HQs out for
Details emerged over the weekend of a recent meeting between the prime
minister and chancellor with chairmen from some of the UK biggest multinationals
over their concerns that the government would tax dividends from foreign
Chairmen from HSBC, Vodafone, GlaxoSmithKline, BAE Systems, BAT, Shell and BP
met the government to discuss the plans, according to the
Shire and United Business Media recently stated that they plan to move their
company centre out of the UK for tax purposes, while other major organisations
have not ruled out a move.
WPP chief executive Sir Martin Sorrell said the company would consider moving
its tax domicile offshore.
Brit Insurance also raised concerns over the tax changes, according to
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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