Is all the Anger on Tax Avoidance Justified?

Most of the UK’s larger businesses have made a significant contribution to the public purse despite adverse economic conditions and public outcry over multinationals using complex tax structures to avoid paying tax.

Global companies including Amazon, Google and Starbucks have attracted public ire over their corporation tax bills, but a study by PwC has found the amount of tax paid by big businesses in the UK has remained stable.

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http://www.accountancyage.com/aa/news/2238053/big-businesses-tax-contribution-stable-despite-avoidance-anger#ixzz2JTWyjWV0

The proportion of taxes companies pay has shifted. Business now fork out twice as much proportionally in other taxes, compared to corporation tax, than they did in 2005. According to the findings of the study, businesses now contribute £2 towards other taxes for every £1 paid in corporation tax.

If you have any unresolved issues with your corporation tax, it is better to get them resolved before they go out of hand. Contact KVS Accountants for advice on your corporation tax. KVS acts as accountants in Fulham, Wandsworth, Putney and Battersea

 

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