Football Club has achieved a £15m swing in its favour on its tax
Releasing its full year results for 2009/2010, the club revealed that it had
“invested significant time and resource” resolving a number of tax issues with
The adjustments in bringing the group’s tax affairs up to date saw a net tax
credit of £5m for the period, compared to a charge of £10.3m a year earlier.
Within the credit, the calculation of corporation tax payable includes the
ongoing benefit of changes to taxable profits for the rollover of gains on
player sales, and for its redevelopment of its former ground Highbury into
Arsenal said that the adjustment relating to the redevelopment reflects the
transfer of the stadium from fixed assets to trading stock in 2006 at its then
market value, and the roll-over of the capital gain which arose on that
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