Vodafone is to pay £1.25bn settlement to the taxman, bringing a long- running
controlled foreign companies dispute to a close.
The telecoms giant, had originally set aside £2.2bn in its accounts to cover
the potential costs of the 10-year legal battle, relating to how UK income is
used in overseas divisions based in low-tax jurisdictions.
Vodafone has said it will spread the payment over five years, according to
George Osborne has pledged to review the CFC rules in moves to keep
multinationals from shifting their tax base out of the UK.
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