#uk-tax tag - Briefly

fromLondon Business News | Londonlovesbusiness.com

Christian Horner could have to pay HMRC 45% of his 80m settlement to leave Red Bull - London Business News | Londonlovesbusiness.com

His Majesty's Revenue and Customs will take approximately 45% of Christian Horner's reported £80million settlement for leaving his role at Red Bull according to analysts at OLBG. The 51-year-old, who was valued a reported £40,000,000 prior to this windfall, will more than double his net worth once taxes have been paid to the state. Fortunately for Horner, he should not have to pay National Insurance as termination payments are not generally considered as earnings.

Business

fromLondon Business News | Londonlovesbusiness.com

2 weeks ago

The seven tax blunders businesses make every year and how to avoid them - London Business News | Londonlovesbusiness.com

UK businesses face severe financial risk from common tax mistakes; proactive compliance, accurate records and timely filings prevent costly HMRC penalties and interest.

Apple

fromBusiness Matters

2 months ago

Apple pays 304m in UK tax as profits soar past 1bn

Apple's UK tax bill rose significantly due to increased operating profits, driven by sales and service growth.

UK politics

fromwww.theguardian.com

2 months ago

Number of higher-rate UK taxpayers expected to hit more than 7m this year

Higher rate taxpayers in the UK are expected to increase by 500,000 due to frozen income tax thresholds.

Cryptocurrency

fromBusiness Matters

3 months ago

Declaring Your Investments To The HMRC As A Full-time Worker

Tax residents in the UK must declare investment income to HMRC to avoid penalties and ensure proper tax deductions.

UK politics

fromTheregister

4 months ago

HMRC's Making Tax Digital scheme made tax more expensive

The UK's digitization of tax services has backfired, costing taxpayers hundreds of millions with no evident productivity gains.