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IT contractors face new tax battle
News Contractors will face a new battle with the Inland Revenue on Monday when a hearing begins to determine how income tax should be spread between spouses working together. The outcome of the case, which will be heard by the special commissioners for...
[June 14, 2004, 12:10]
PCG seeks funding to fight test case on tax
News The money will be used to appeal a landmark decision by the Inland Revenue that in effect stops the re-characterisation of one person's income as that of another to avoid paying tax on it. Section 660A of the Income and Corporation Taxes Act 1988...
[November 5, 2004, 12:28]
Budget to promote e-business
News Top employees will pay no income tax or national insurance on their options and be able to sell the shares at a reduced rate of capital gains tax. Meanwhile, firms will be able to give all employees up to £3,000 of shares free of income tax and...
[March 21, 2000, 13:41]
Siemens makes a million bringing computing home
News The employee also benefits financially, as they have effectively bought a PC using gross income rather than losing some of that income to tax. These employees have benefited by using their gross income to pay for their home PC, and Siemens has...
[April 16, 2004, 17:45]
PowerGen provides staff with cheap home PCs
News The Income and Corporation Tax Act 1998, which was amended in the Finance Act 1999, says that if a company loans PCs or software to its employees, the first £500 of the value of the asset is exempt from income tax, providing that the offer is made...
[June 26, 2001, 16:11]
Intel posts mixed third quarter results
News Revenue rose 5 percent from the $8bn figure in the second quarter, while net income rose 8 percent, including the tax benefit, from $1.8bn. Then, Intel reported $7.8bn in revenue and $1.7bn in net income, or 25 cents in earnings per share.
[October 13, 2004, 9:45]
Will the Budget boost PC-employee scheme?
News The employee also benefits financially, as they have effectively bought a PC using gross income rather than losing some of that income to tax. The scheme gives tax breaks to firms and employees when a PC is loaned to a worker for home use.
[March 16, 2004, 13:20]
IT fault causes millions to pay incorrect tax
News He pointed to the NAO's findings that the HMRC calculates the correct amount of tax in 95 per cent of income tax cases and has improved its processing of income tax returns. The NAO said in its report that IT systems were "not well suited to the...
[April 3, 2008, 8:41]
France talks up its tech prospects
News Start-ups that spend a substantial amount of revenue on research and development can qualify for an 8-year income tax holiday. Foreign executives transferred to France no longer have to worry about paying income tax in France and in their home...
[May 25, 2005, 9:25]
MPs savage taxman's IT farce
News One example is that the HMRC wants to introduce a pause between notification of overpayment and its recovery - to reduce the burden on the lower income families most likely to receive credits - but the system is not yet able to accommodate the...
[January 31, 2006, 15:55]
Google and SEC in tax dispute
News Google and the Securities and Exchange Commission (SEC) have been in dispute since March over "various issues" including the way in which Google accounts for income tax, the search giant revealed on Friday.
[March 2, 2007, 13:34]
Web traders singled out as tax-revenue threat
News The Public Accounts Committee (PAC) has singled out individuals trading on the internet — along with the self-employed and buy-to-let landlords — as "new risks to tax revenue", caused by those who don't declare their capital gains and income tax.
[December 10, 2008, 14:44]
Intel sees 76 percent drop in income
News Intel beat analyst expectations in what was an otherwise dismal second quarter, with net income down 76 percent from a year ago. In a statement released Tuesday, the chipmaker reported net income, excluding acquisition-related costs, of £608m, or...
[July 18, 2001, 9:13]
IT contractor wins key IR35 battle
News The ruling, by the Special Commissioners of Income Tax, does not set a legally binding precedent but it will have a significant influence on other such cases, said David Smith of tax consultants Accountax.
[July 30, 2004, 11:10]
Lucent posts another profit
News Lucent's results included income tax benefits and a gain on an investment sale. The company, which makes gear for telephone and wireless communications providers, reported net income of $338m (£185m), or 7 cents a share, for the first quarter of...
[January 22, 2004, 14:45]
EU sees potential in e-government
News The research finds that online income tax returns are saving EU citizens "seven million hours a year", while companies are saving about €10 per transaction on VAT returns. While e-services such as tax returns, online VAT, social security benefits...
[January 17, 2005, 14:25]
Strong BlackBerry sales boost RIM results
News Excluding special charges related to the tax liabilities concerning stock options, and a one-time boost from a change in tax rules, net income was $564.4m, or 98 cents a share. Research In Motion continued to post strong numbers in a bad economy...
[June 19, 2009, 8:47]
NetApp boosts revenue
News This contrasted with net income of $63m in the same quarter last year, and was partly blamed on a "non-recurring income tax expense of $22m". But while orders and turnover are booming at the company, profits lagged a little with it reporting fourth...
[May 25, 2006, 14:00]
Lexmark beats lowered 4Q estimates
News Revenue growth was helped by lower effective income tax rates and higher operating margins. Lexmark said net income for the quarter was 73 cents a share, beating First Call's estimate of 68 cents a share.
[January 24, 2000, 15:17]
Sony Ericsson issues stark profit warning
News Net income before tax (NIBT) for the quarter is expected to be between €150m-€200m (£118m-£157m). The first quarter of 2007 saw Sony Ericsson take in €362m (£285m) before tax, so the revised forecasts for this year could mean as much as a 58...
[March 19, 2008, 13:39]
