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UK Business News

A summary of the latest UK business news stories.

William Hill Fined £6.2m Over Anti-Money Laundering Failings

UK Business News

William Hill Fined £6.2m Over Anti-Money Laundering Failings

The Gambling Commission has issued the betting company William Hill with a package of fines worth £6.2 million in response to breaches of anti-money laundering and social responsibility regulations.
UK Business News Summary - 26th January 2017

UK Business News

UK Business News Summary - 26th January 2017

A summary of the UK's key business news stories

UK Business News

Business news summary 19th Jan 2017

Philip Hammond has indicated that he is prepared to cut taxes if the UK is denied access to the common market after Brexit. In an interview with the German Welt am Sonntag newspaper, the chancellor suggested Britain may be forced to change its "economic model" if it is locked out of the single market.

UK Business News

Business news summary 12th Jan 2017

Corbyn considers tax cuts for companies that curb pay

UK Business News

Business news summary 5th Jan 2017

Accountants who help tax evaders use offshore accounts are to be fined and publicly named under tough new sanctions which have come into effect from January 1st.

UK Business News

Business news summary 22nd December

British businesses now owe just over £1.8bn in late corporation tax, up 15% in the past 12 months, according to a new study by online business finance supermarket Funding Options.

UK Business News

Business News round up

In its Autumn Statement submission, the British Bankers’ Association has warned that the UK’s current tax system does not suggest the country is “open for business”. Amid continuing uncertainty over Brexit, the BBA said failure to reduce levies on banks could result in the UK “ceasing to be the best place for banking business to be located”.

UK Business News

Business news summary 8th December 2016

Tax advisers and their clients face closer scrutiny by HMRC in measures forming part of the Government’s criminal finances bill. The Treasury began consulting yesterday on how to identify schemes designed to evade tax with Jane Ellison, the financial secretary to the Treasury, suggesting businesses and individuals using complex offshore structures on their tax returns may be required to flag them to authorities. The Government revealed that anyone who had failed to correct past evaded taxes by September 30 2018 would be hit with new penalties and possibly criminal charges.

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