Could corporation tax cuts lose the UK £6.2 billion a year?

Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year. Continue reading Could corporation tax cuts lose the UK £6.2 billion a year?

Record high of £14.6bn paid in corporation tax by UK financial services sector

The UK financial services (FS) sector paid a record high of £14.6 billion worth of corporation tax (including Bank Levy) in the last year, up 24 per cent from the £11.8bn paid during the 2015/16 financial year according to industry figures. Continue reading Record high of £14.6bn paid in corporation tax by UK financial services sector