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18/06/2014
Other News In Brief
Man Missing In Belfast
A man has been reported missing in the Belfast area by his family, who police say are concerned for his welfare.
18-year-old Matthew Bateman was last seen on Friday in the Botanic Gardens area in the south of the city.
Mr Bateman is originally from the Bangor, County Down area. He is described as being approximately 5'11" in height, of slim build, with dirty fair hair. He was unshaven but now but police say he may possibly have a ginger beard.
He was last seen wearing a blue-hooded top, dark tracksuit bottoms and black shoes. He was not wearing any socks.
Police have appealed for Matthew or anyone who knows of his whereabouts to contact them at Musgrave on the non-emergency number 101.
No Tax Relief For McLaren Fine
Formula 1 racing giant McLaren has lost its claim that a £32 million fine imposed against it by the sport's governing body should be tax deductible.
McLaren took legal action after HM Revenue and Customs (HMRC) disagreed that it could deduct the fine in computing its taxable profits. However, a tax tribunal has now supported HMRC's view.
HMRC's Director General of Business Tax, Jim Harra, welcomed the ruling: "We're very pleased the Upper Tribunal agrees that the fine should not be given tax relief, which supports our view that most fines are not allowable as deductions against trading income.
"This case shows that we won’t hesitate to go to court to make sure the right tax is paid."
The £32 million penalty was imposed on McLaren by the sport’s governing body, the Fédération Internationale de l'Automobile (FIA), in 2007 for breaching its International Sporting Code.
Green Light For East Anglia One Offshore Wind Farm
The East Anglia One offshore wind farm that is expected to support almost 2,900 jobs and bring more than £520m of investment into the UK's economy has been given consent from the government to go ahead.
This is an important milestone for what could be one of the largest wind farms in the world. Once built, it would be worth £10m a year to the East Anglian economy and generate enough electricity to power approximately 820,000 homes.
Based off the coast of Suffolk, East Anglia One offshore wind farm could support around 1,800 local jobs and pump over £500m into the region's economy.
(CVS/CD)
A man has been reported missing in the Belfast area by his family, who police say are concerned for his welfare.
18-year-old Matthew Bateman was last seen on Friday in the Botanic Gardens area in the south of the city.
Mr Bateman is originally from the Bangor, County Down area. He is described as being approximately 5'11" in height, of slim build, with dirty fair hair. He was unshaven but now but police say he may possibly have a ginger beard.
He was last seen wearing a blue-hooded top, dark tracksuit bottoms and black shoes. He was not wearing any socks.
Police have appealed for Matthew or anyone who knows of his whereabouts to contact them at Musgrave on the non-emergency number 101.
No Tax Relief For McLaren Fine
Formula 1 racing giant McLaren has lost its claim that a £32 million fine imposed against it by the sport's governing body should be tax deductible.
McLaren took legal action after HM Revenue and Customs (HMRC) disagreed that it could deduct the fine in computing its taxable profits. However, a tax tribunal has now supported HMRC's view.
HMRC's Director General of Business Tax, Jim Harra, welcomed the ruling: "We're very pleased the Upper Tribunal agrees that the fine should not be given tax relief, which supports our view that most fines are not allowable as deductions against trading income.
"This case shows that we won’t hesitate to go to court to make sure the right tax is paid."
The £32 million penalty was imposed on McLaren by the sport’s governing body, the Fédération Internationale de l'Automobile (FIA), in 2007 for breaching its International Sporting Code.
Green Light For East Anglia One Offshore Wind Farm
The East Anglia One offshore wind farm that is expected to support almost 2,900 jobs and bring more than £520m of investment into the UK's economy has been given consent from the government to go ahead.
This is an important milestone for what could be one of the largest wind farms in the world. Once built, it would be worth £10m a year to the East Anglian economy and generate enough electricity to power approximately 820,000 homes.
Based off the coast of Suffolk, East Anglia One offshore wind farm could support around 1,800 local jobs and pump over £500m into the region's economy.
(CVS/CD)
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30 November 2010
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
Corporation Tax Reform To Create 'Competition'
The Government has published details of its Corporate Tax Reform programme consisting of a series of essential reforms designed to improve the UK's tax competitiveness. Measures include the introduction of new Controlled Foreign Company (CFC) rules and a commitment to introduce a Patent Box.
30 May 2014
More Fall Into Debt Following HMRC Overpayments
The number of issues reported to Citizens Advice of people falling into debt as a result of repaying overpaid tax credits increased by 14 per cent in the 2013/14 tax year. Tax Credit debts arise when HMRC over-estimates a person’s entitlement to financial support and ends up having to recoup overpayments.
More Fall Into Debt Following HMRC Overpayments
The number of issues reported to Citizens Advice of people falling into debt as a result of repaying overpaid tax credits increased by 14 per cent in the 2013/14 tax year. Tax Credit debts arise when HMRC over-estimates a person’s entitlement to financial support and ends up having to recoup overpayments.
06 April 2011
Government Tackle Tax Avoidance
David Gauke, Exchequer Secretary to the Treasury, has today announced a change in legislation to prevent tax avoidance. The measure will prevent individuals from taking advantage of a tax loophole that would have emerged today had the Government not taken action.
Government Tackle Tax Avoidance
David Gauke, Exchequer Secretary to the Treasury, has today announced a change in legislation to prevent tax avoidance. The measure will prevent individuals from taking advantage of a tax loophole that would have emerged today had the Government not taken action.
18 March 2004
Chancellor’s film relief rules broadly welcomed
Chancellor Gordon Brown’s decision to offset the closing of a tax loophole widely used by filmmakers with extended tax relief has been generally well received by industry bodies.
Chancellor’s film relief rules broadly welcomed
Chancellor Gordon Brown’s decision to offset the closing of a tax loophole widely used by filmmakers with extended tax relief has been generally well received by industry bodies.
30 January 2004
Government hails Child Tax Credit figures
The government has hailed its Child Tax Credit and Working Tax Credit after official figures revealed that six million families had taken up the scheme in the 10 months since their introduction.
Government hails Child Tax Credit figures
The government has hailed its Child Tax Credit and Working Tax Credit after official figures revealed that six million families had taken up the scheme in the 10 months since their introduction.
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