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Facebook: Taxing Times for Social Media Giant

Corporation Tax switch sees Facebook paying more tax in 2016-17 Financial Year

Taxing times for Facebook.
Taxing times: Facebook has agreed to pay UK Corporation Tax for its British operations. On the other hand, it is using an employees’ bonus scheme to streamline its tax bill. Image by RawPixel.com/Shutterstock.

 

Facebook, Mark Zuckerberg’s social networking site is set to pay more Corporation Tax in the next Financial Year, following a recent outcry. The popular social media site will switch the tax base of its UK operations from Dublin to London. Continue reading “Facebook: Taxing Times for Social Media Giant”

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Google Tax Deal Sparks Fresh Inquiry

Anger over search engine’s tax deal sees move by MPs

Naughty Google!

For many small businesses, our customers, and of course Net66 ourselves, there is a rush towards HMRC’s Self Assessment deadline (which is midnight, on the 31 January 2016).  Tax rates are non-negotiable and, whether you are a one-man band or a multinational concern, this means the deadline for online annual tax returns.  Taxation, at best, is the bargain we strike with HMRC for keeping our streets in tip-top condition, and the funding of our public services.  Whether you pay the basic rate of Income Tax or VAT on a meal out, it is inescapable. Continue reading “Google Tax Deal Sparks Fresh Inquiry”