Netflix declaring its full £1bn UK revenue to HMRC
Netflix is just one of the many global companies to be accused of failing to play fair when it comes to tax. Since 2012, all Netflix revenue from its UK customers has gone through its [...]
December 2020
November 2020
Bitcoin price soars: Has the pandemic got something to do with this?
Bitcoin is the first cryptocurrency and its existence continues to provoke extremes of opinion on both sides. It’s surrounded by controversy; from the intention of its still anonymous creator, by way of its black market [...]
Why are health professionals advocating a climate change emergency tax?
A report from a group of health professional bodies advocates introducing a tax on red meat in order to reduce the speed of climate change and make our population healthier. They suggest that, unless the [...]
Huge appeal against Chancellor’s decision to end VAT free shopping for our international visitors
The UK has a VAT Retail Export Scheme (VAT RES), which means that people visiting from other countries can reclaim the VAT they paid on items they buy here to take home. It doesn’t apply [...]
Will an increase in Capital Gains Tax affect you?
The economic impact of the coronavirus pandemic is, as expected, enormous. The U.K.’s national debt is now over £2 trillion. An impossible number to imagine. And this takes us into debt that’s over 100% of [...]
October 2020
Migrant workers pay £16 billion income tax into UK economy
Researchers at the Centre for Competitive Advantage in the Global Economy (CAGE), based in the Economics Department of Warwick University, demonstrate how much migrants are bringing into the UK economy. Migrants in the top 1% [...]
New HMRC tool to help you claim working from home tax relief
HMRC have launched a new portal this month, to make it easier for employees to claim tax relief on the costs of working from home. Why have they created this new free tool? There are [...]
Are you a student? Watch out for these HMRC scams
We know, this isn’t quite the first year living away from home experience you were expecting. Another awful impact of COVID-19. Well done if you’re managing to learn anything at all, online or in socially [...]
HMRC fights tax evasion with information from cryptocurrency platforms
HMRC’s constant battle against tax evasion includes a continuing conversation with cryptocurrency platforms. One such company, Coinbase, has recently informed its clients that HMRC will have access to their data. Does this mean that cryptoasset [...]
September 2020
Monaco move for UK’s wealthiest person
Sir Jim Ratcliffe is worth an estimated £17.5 billion. He made his money as the founder, chief executive and major shareholder of Ineos, a diverse chemicals company. The Queen honoured him with a knighthood in [...]