Online retailer Amazon has been accused once again of engaging in tax avoidance here in the UK, yet once more the multinational has dismissed allegations.
Umbrella company contractors working in pharmaceuticals could see an increase in opportunities after GlaxoSmithKline announced it intends to create a further 1,000 jobs in the UK.
Well that’s the Budget over and done with for another year. During Prime Minister’s Questions directly before the Chancellor’s speech, David Cameron joked that we were in for a kaleidoscope budget.
It’s Budget Day tomorrow; the weeks of speculation will be over and UK taxpayers, including umbrella company contractors, will discover what is in store for them over the next 12 months.
The Chancellor of the Exchequer, George Osborne, said recently that the government will be unable to cut taxes this parliament due to the global economic crisis.
Umbrella contractors might like to know that Danny Alexander, the chief secretary to the Treasury, has said HMRC is to strengthen the size of its team tackling tax avoidance and evasion by adding more than 2,000 additional tax inspectors this autumn.
The Times newspaper recently asked readers to rank the UK against five key competitors for tax, business friendliness, infrastructure, skills and workforce.