News
Energy bills: Where does my money go?
An energy bill is one of the biggest outgoings in any household budget The energy industry is braced for a decision over whether it will face a full competition inquiry into the way it operates. The decision comes after lots […]
HMRC scraps VAT on virtual currency Bitcoin
The UK’s tax authority has scrapped plans to charge value added tax (VAT) on Bitcoin trading. In new guidance, HM Revenue & Customs also said it would not levy the 20% tax on the creation, or so-called ‘mining’, of the […]
Faroe relishing prospect of UK tax reforms
The Aberdeen-based company said reforms included in the 2013 Budget regarding the tax treatment of the costs of decommissioning North Sea assets have made the UK a more attractive place to expand by acquisition. The company said: “These measures will […]
China loses trade dispute over rare earth exports
(Reuters) – China has lost a dispute at the World Trade Organization over limits on rare earth and metals exports, handing Europe and the United States a victory over what they see as Beijing’s unfair trade practices. “Today’s ruling by […]