THE TOP 15 banks in the UK have all signed up to a government code of practice on reducing tax avoidance, according to deputy prime minister Nick Clegg., after being threatened with tough tax inspections.
Following its launch in June last year by former chancellor Alistair Darling, just four of the banks had signed up to the code by October.
Current chancellor George Osborne told the remaining banks that those who refused to sign up would face more intrusive inspections from the taxman, giving them until the end of November to do so.
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