Offshore Company Formation News

Britain's top blue-chip employers have reduced their average tax rate by nearly a third in the last two years, thanks in part to offshore company formation.

The research, by national accounting firm UHY Hacker Young, found that companies on the FTSE 100 paid 26 per cent of their profits in tax this year.

This was down significantly on the 35.8 per cent paid in 2009.

The...

The UK has been ranked as the 14th best country for providing support to entrepreneurs in the G20, according to a new report by Ernst & Young.

This new report highlight one of the reasons some entrepreneurs are looking to offshore business, with 76 per cent of entrepreneurs surveyed believing that the UK possessed an entrepreneurial culture.

In comparison, 88 per cent of US...

New figures have shown that house prices have fallen by 2.6 per cent across England and Wales in the last 12 months.

The Land Registry has released its House Price Index, which has found that average prices now stand at £162,109 – a decrease of 0.3 per cent between August and September.

These changes have not been spread evenly across the UK and specific regions such as London have bucked the trend and experienced growth.

During the last 12 months, house...

It is important to recognise that regulations can both benefit and harm small businesses, an expert has advised.

Mike Emmott, employee relations policy advisor at the Chartered Institute of Personnel and Development, has praised the tone taken by deputy prime minister Nick Clegg in his recent speech on red tape.

He said that Mr Clegg's acknowledgement that excessive and unnecessary regulation is "unhelpful" is positive and he recognised the value of maintaining...

Administering tax is the biggest regulatory burden on small and medium-sized enterprises, new figures have shown.

Research published by the Forum of Private Business (FPB) has found that this was deemed to be the most costly area of regulation, leaving smaller employers with a bill of approximately £5.1 billion per year.

It found that employment law is the second most costly area, at £4.2 billion, while health and safety compliance costs firms an estimated £3....

Popular offshore tax haven Jersey is set to make changes to its current tax information exchange laws in a bid to ensure legality is maintained.

The changes come following a review by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

This Peer Group is tasked with monitoring and reviewing the implementation of international standards of transparency in the...

Offshore business owners may have taken note after Deputy Prime Minister Nick Clegg called for a "culture change" within HM Revenue & Customs.

The move is part of a larger plan aimed at bringing changes to the current tax compliance rules for small businesses in the UK.

The Liberal Democrat's comments came during a speech to small business leaders, in which Mr Clegg...

The European Commission has expressed misgivings at the new agreement regarding offshore account information between HM Revenue and Customs and the Swiss authorities.

Speaking at a recent debate on fiscal issues at the European Parliament in Strasbourg, European Union (EU) Commissioner for Taxation Algirdas Semeta questioned whether the deal chimed with current EU directives.

"Our...

Business secretary and tax havens opponent Vince Cable has been left with egg on his face after it was revealed that he had failed to pay a VAT bill of £25,000 on time.

The liberal democrat has been a critic of offshore tax avoidance in recent years, but was forced to admit it was "a bit...

Individuals involved in private sector pension schemes rather than offshore savings accounts could face a significant reduction in their funds according to one expert.

Under the government plans, private sector pensions are set to be calculated using the consumer price index (CPI) rather than retail price index (RPI).

The move has been widely condemned, with trade unions taking the...