Extra 1.3m people in UK to start paying income tax over next five years

An extra 1.3 million people will have to start paying income tax – and a further million will be pushed into higher rate taxation – over the next five years, according to the Office for Budget Responsibility. In his budget on Wednesday, the chancellor, Rishi Sunak, said the thresholds at which the tax starts being […]

Extra 1.3m people in UK to start paying income tax over next five years

An extra 1.3 million people will have to start paying income tax – and a further million will be pushed into higher rate taxation – over the next five years, according to the Office for Budget Responsibility. In his budget on Wednesday, the chancellor, Rishi Sunak, said the thresholds at which the tax starts […]

Amazon could be a big winner of Rishi Sunak’s investment tax break

Amazon could “entirely wipe out” the tax bill of its main UK service company by taking advantage of the chancellor’s £25bn “super-deduction” tax break, according to analysis by a tax fairness campaign group. The super-deduction, announced by Rishi Sunak in the budget on Wednesday, will allow companies such as Amazon to offset 130% of investment […]

Amazon could be a big winner of Rishi Sunak’s investment tax break

Amazon could “entirely wipe out” the tax bill of its main UK service company by taking advantage of the chancellor’s £25bn “super-deduction” tax break, according to analysis by a tax fairness campaign group. The super-deduction, announced by Rishi Sunak in the budget on Wednesday, will allow companies such as Amazon to offset 130% of […]

Jay-Z sells majority stake in Tidal music streaming service to Jack Dorsey’s Square

Square, the mobile payments firm run by Jack Dorsey, Twitter’s co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a $297m deal. Under the terms of the deal, Tidal’s superstar co-owners, who include Beyoncé, Madonna and Rihanna, will retain their stakes and become the second largest shareholders. Jay-Z […]

Jay-Z sells majority stake in Tidal music streaming service to Jack Dorsey’s Square

Square, the mobile payments firm run by Jack Dorsey, Twitter’s co-founder, has acquired a majority stake in Jay-Z’s Tidal audio and video music streaming service in a $297m deal. Under the terms of the deal, Tidal’s superstar co-owners, who include Beyoncé, Madonna and Rihanna, will retain their stakes and become the second largest shareholders. […]

Manchester United borrow £60m as debt rises amid Covid-19 pandemic

Manchester United have confirmed they accessed a £60m draw-down of their available £200m credit line in order to cover a soaring net debt of £455.5m as a result of the coronavirus pandemic. The club have also announced a 2.6% growth in total revenue from £168.4m to £172.8m in the last three months of 2020. The […]

Manchester United borrow £60m as debt rises amid Covid-19 pandemic

Manchester United have confirmed they accessed a £60m draw-down of their available £200m credit line in order to cover a soaring net debt of £455.5m as a result of the coronavirus pandemic. The club have also announced a 2.6% growth in total revenue from £168.4m to £172.8m in the last three months of 2020. […]

Frasers Group warns of store closures after ‘near worthless’ budget support

Frasers Group, the retailer controlled by the Sports Direct founder Mike Ashley, has said it will be forced to close stores and cut jobs after a “near worthless” support package on business rates in the budget. The group, which includes Sports Direct, House of Fraser, Flannels and Evans Cycles, said retailers needed a complete overhaul […]

Frasers Group warns of store closures after ‘near worthless’ budget support

Frasers Group, the retailer controlled by the Sports Direct founder Mike Ashley, has said it will be forced to close stores and cut jobs after a “near worthless” support package on business rates in the budget. The group, which includes Sports Direct, House of Fraser, Flannels and Evans Cycles, said retailers needed a complete […]