Business and Tax News - Aug 2016

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January 21st 2019
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BUSINESS AND TAX NEWS - AUG 2016

Apple Avoided Paying The Full Tax on Profits For Entire EU For Ten Years

BUSINESS TAX

Apple Avoided Paying The Full Tax on Profits For Entire EU For Ten Years

EU orders Ireland to start recovery of over €13 billion from Apple for unpaid taxes covering 2003 to 2014. Unpaid taxes cover profits on sales for products sold across entire EU single market.
Interest Rates on Student Loans to Rise From This September

PERSONAL TAX

Interest Rates on Student Loans to Rise From This September

RPI inflation rate used for calculating rate of interest on loans has risen to almost double from last year.
Giving Advice on How to Avoid Tax? Prepare To Be Fined

FRAUD

Giving Advice on How to Avoid Tax? Prepare To Be Fined

HMRC is planning to fine accountants and others enabling tax avoidance up to 100 per cent of the dodged tax.
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