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Tag Archives: new business ideas

Apple pays extra £136m in tax after HMRC investigation

Apple has paid an extra £136m in tax following an “extensive audit” by HM Revenue and Customs.Apple Europe, a UK subsidiary of the company, agreed to pay a “corporate income tax adjustment” covering years up to 26 September 2015.It is the latest crackdown on Apple over tax: the European …

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It takes two to tango over Brexit, Hammond tells EU

The EU’s “relative silence” about the kind of post-Brexit relations it wants with the UK must end, Philip Hammond is to tell German business leaders.There is “little, if any signal” from the EU about its priorities for talks on future co-operation due to begin in March, the chancellor is …

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Labour's John McDonnell to attend Davos

Labour has confirmed that Shadow Chancellor John McDonnell will be attending the World Economic Forum in Davos.Labour said that Mr McDonnell had been invited to attend the annual meeting.The conference, held in a Swiss mountain village, attracts some of the richest and most powerful people in the world.Mr McDonnell …

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Canada files WTO complaint against US over trade rules

Canada has filed an expansive complaint with the World Trade Organization, accusing the US of breaking international trade rules.The complaint challenges the ways the US investigates products for subsidies and below-cost sales in the US.The US called the claims “unfounded”.The action comes amid disputes between the two countries over …

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Chinese business chiefs pay £12,000 for dinner with David Cameron

Fancy dinner and a photo with David Cameron?That was what was on offer recently for wealthy business figures at an event in China – as long as they stumped up about £12,000.Mr Cameron featured on social media adverts for the Shanghai International Ball and Leaders’ Forum, which took place …

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Ex-BHS boss Dominic Chappell criticises 'hostile' regulator

The former boss of BHS has accused the pension regulator of a “hostile and deliberate” act by launching an investigation just days after his takeover, a court has heard.Dominic Chappell, who bought BHS for £1 from Sir Philip Green, said the investigation had weighed on the firm.The Pensions Regulator …

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Carphone Warehouse fined £400,000 over data breach

Carphone Warehouse has been fined £400,000 by the Information Commissioner’s Office (ICO) after a data breach in 2015.Hackers gained unauthorised access to the personal data of more than three million customers and 1,000 employees during a cyber-attack.The fine is one of the largest ever issued by the ICO.The retailer …

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Morrisons posts better-than-expected Christmas sales

The UK’s fourth largest supermarket, Morrisons, continued to ring up growing sales over the key Christmas period.The chain sold 2.8% more in the ten weeks to 7 January than it did for the same period a year earlier, not including new store openings.Christmas trading was particularly strong with sales …

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