Tag Archives: corporation tax

Possible Further Drop in Corporation Tax Post Brexit

Posted on November 21, 2016 by Eamon McNicholas

Ahead of the Autumn Statement the Prime Minister in London today is expected to drop hints of a further cut in corporation tax (CT) after Brexit. CT is already due to fall from 20% to 17% by 2020. It seems … Continue reading →

Posted in Tax and Accounting News | Tagged autumn statement, corporation tax, CT, Prime Minister, tax, tax barrister | Leave a comment

Norway Extends Ship Tonnage Tax into 2017

Posted on November 20, 2016 by Eamon McNicholas

Norway has got EFTA, European Free Trade Association, approval to extend its current tonnage tax by 6 months to mid-2017. The extension will allow Norway time to finalise a revised tonnage tax scheme, to be renewed for 10 years, and … Continue reading →

Posted in Tax and Accounting News | Tagged 25%, corporation tax, efta, european free trade association, maritime, norway, ship transport, tax, tonnage tax | Leave a comment

Institute of Economic Affairs Suggest Scrapping 20 Taxes

Posted on November 3, 2016 by Eamon McNicholas

The London based Institute of Economic Affairs (IEA) has suggested repealing some 20 taxes in a reform of the tax laws, in an effort to simplify the system. Out would go capital gains tax, inheritance tax and council tax, among … Continue reading →

Posted in Tax and Accounting News, Uncategorized | Tagged corporation tax, council tax, income tax, tax, VAT | Leave a comment

Tax Implications of Tribunal Finding Uber Employs Drivers

Posted on October 31, 2016 by Eamon McNicholas

The London Employment Tribunal finding in a test case that Uber divers are its employees, not so-called partners or supposed contractors, has huge tax implications. As well recognising that the drivers have worker’s rights in law, eg holidays and sick … Continue reading →

Posted in Tax and Accounting News | Tagged 2202550/2015, Aslam, corporation tax, employment tribunal, Farrar, HMRC, income tax, national insurance, NI, output, tax, taxi business, Uber, Uber BV, Uber London Ltd, VAT | Leave a comment

Rotterdam and Other Ports to Appeal European Commission Tax Ruling

Posted on March 31, 2016 by Eamon McNicholas

The Rotterdam port authority, together other Dutch shipping and sea ports, has said it will appeal the European Commission January ruling against its exemption from corporation tax. The basis of the challenge is thought to be an infringement of proper … Continue reading →

Posted in Tax and Accounting News | Tagged boats, corporation tax, European Commission, port authority, ports, Rotterdam, sea, shipping, ships, tax, VAT | Leave a comment

European Challenge to Tax Status of Ports

Posted on February 3, 2016 by Eamon McNicholas

The European Commission considers the Netherlands corporation tax exemption for 6 of its main and publicly owned main seaports as anti-competitive. The ports include Groningen, Amsterdam and Rotterdam. This follows an investigation by the EC and changes to Dutch law. … Continue reading →

Posted in Tax and Accounting News | Tagged corporation tax, dutch, European Commission, Groningen Amsterdam Rotterdam, Netherlands, ports, seaports, tax status | Leave a comment

Ex-Chancellor Lawson Calls for Business Sales Tax to Replace Corporation Tax

Posted on January 30, 2016 by Eamon McNicholas

Lord Lawson, ex-Chancellor under Margaret Thatcher, has called for corporation tax to be replaced by a business sales tax. He told the Daily Telegraph that : “It is profoundly unsatisfactory that corporation tax has to be collected from large multinational … Continue reading →

Posted in Tax and Accounting News | Tagged corporation tax, ex-Chancellor, Google affair, Lord Lawson, Margaret Thatcher, sales tax, shift profits, tax | Leave a comment