Taxwatch Update – 6 April 2016

It’s been a while since the last Taxwatch event, and so we are pleased to invite you to our next meeting on Wed 18 May at 2.00pm at 11 Hilary Road, Douglas.

Our guest will be Ms Nicola Guffogg, Assessor of Taxes. As such, Nicola is the top civil servant responsible for tax policy and revenue collection here. We’ve asked her to address issues of both offshore and domestic avoidance. She’ll be accompanied by her colleague Paul Martin. Do hope you can make it!

In the news recently: Continue reading

Facebook to pay more UK Corporation Tax

Facebook has announced it will book major UK sales in the UK, rather than Ireland – and thus pay much more UK corporation tax (than the £4,327.00 it paid in 2014!)

This looks like the first major scalp (we can hardly count Google) of Osborne’s new Profits Diversion Tax, which as a deterrent seems to be forcing a re-think from corporates.   As the BBC asks, is the tax tide beginning to turn?

http://www.bbc.co.uk/news/business-35724308

Taxwatch Update – 8 Feb 2016

Hi folks – just a brief update on one or two items if interested…

  • Dennis points out:  “On a similar theme to ‘The Town that took on the Taxman’ – there is a programme on Channel 4 on Monday 08/02/2016 @ 20:00 to 20:30 called ‘How the Rich Avoid Tax’, which some of our fellow Taxwatchers may be interested in.  I will be particularly looking out to see what they say about wealthy television people being paid through their production companies!!”

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