Renewables Deployment Fund has been condemned by business groups as a
failure, after the £50m fund only attracted two applicants – both of which
Instead of tempting companies to defray part of their costs with taxpayers’
money, ministers made the qualifying conditions too tough, analysts concluded.
It was now likely that companies would shift operations to more supportive
countries, The Times reports.
The failure to offer sufficient incentives was identified in a report on
low-carbon technologies by
manufacturers’ organisation, and the business consultancy Deloitte.
head of UK manufacturing, said the government failed in ‘joined-up thinking’.
‘It is setting targets to reduce emissions but not helping progress on
technology to deliver those targets. In other countries it is much easier to get
grants. It is ridiculous if we are lagging behind in wave technology as an
island nation,’ she said
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed