One of the world’s best-known brands is to face scrutiny over its tax affairs.
The Government has revealed its plans for a new national fair funding formula to be introduced from 2017, to ensure that the money allocated to schools is fair.
Chancellor George Osborne made a number of announcements concerning taxes on business in his Autumn Statement last week, from the creation of new enterprise zones, where small firms pay reduced taxes, to an extension to business rates relief.
UK start-ups boomed in 2014, according to the latest official figures, with some 351,000 new businesses opening their doors last year, making it a one per cent rise on 2013 and more than at any point since 2000.
The calls from business owners in every sector for a reform to business rates have been deafening and later today (25 November), campaigners will find out if their pleas have been heeded, when Chancellor George Osborne delivers his Autumn Statement.
Having piloted it successfully in the US in July, internet retail giant Amazon has expanded Launchpad. This is an online platform aimed at helping start-ups to market their products and grow their customer reach to the UK.
Increasingly academies are being encouraged to pool resources, it was suggested earlier this month.
A leading businessman has warned that the “potentially lethal” cocktail of increased business rates and the new National Living Wage (NLW) could damage the economy. Particularly in the retail sector, where rates now total £8 billion.
A new study has found that start-up investors in Enterprise Investment Scheme (EIS) companies face long delays in refunds of their tax by HM Revenue & Customs (HMRC), with some waiting for up to a year.
Picturesque Welsh market town Crickhowell is setting up similar techniques to those used by huge multinationals that allow them to avoid paying the usual rate of business tax in a bid to force the Treasury into legislation to crackdown on the tax loopholes.