Taxwatch Update – 23 October 2016

Dear all,

It’s been a few months since the site was last updated – though the facebook page has been very busy with activity!

For those interested in catching up on the main stories of 2016 so far, read on… Continue reading

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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