OECD
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Oct- 2019 -14 OctoberTax
Facebook paid only £28m tax on record £1.6bn UK revenues in 2018
Facebook’s UK operations paid only £28m in corporation tax last year, despite achieving a record £1.6bn in British sales. The social media platform’s latest UK accounts also show that pretax profits increased by 54% from £63m to £97m. Margaret Hodge former chairwoman of the Public Accounts Committee called the figure…
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May- 2019 -3 MayAdvice & Best Practice
The road to digital transformation
HMRC’s deadline for Making Tax Digital (MTD) for VAT may have slipped back to October 2019 for certain businesses, but its aim to be the “most digitally advanced tax administration in the world” has not changed. This move is in-line with the global trend towards a more digital relationship between tax…
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Apr- 2019 -3 AprilCorporate Tax
Boardroom attention to tax compliance up 76% thanks to MTD
The Thomson Reuters 2019 Tax Technology Survey has highlighted that 76% of senior tax executives have seen an increase in attention on tax compliance and planning at the board level. They said this has been primarily driven by Making Tax Digital (MTD) for VAT, the government’s initiative for digitising the…
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