A reported commissioned by the taxman has revealed that up to a fifth of big
companies have considered moving their HQs overseas for tax reasons, according
Compiled by specialist public policy researchers TNS-BMRB, the report showed
64% of large businesses believed the past 12 months has seen the tax system
become a greater burden.
The Telegraph reports UHY Hacker Young tax partner Roy Maugham saying that
only a small fraction of the companies moving abroad could “decimate” UK tax
The June Budget saw a cut in corporation tax and recent statistics have shown
a sharp increase in corporation tax revenues.
However, recent years have seen consistent criticism in business circles that
the tax system is increasingly making the UK uncompetitive as a place to do
An HMRC spokesman said that the survey showed the majority of businesses were
happy with its service to large customers.
“…We are committed to making it as easy as possible for businesses to do
business in the UK whilst complying with their statutory responsibilities and
ensuring that the UK receives its proper share of tax.
“HMRC is in regular contact with large businesses over a very wide range of
tax issues and if a large business has any queries or concerns they can contact
their customer relationship manager or customer co-ordinator for help and
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