Menu
08/04/2002
CBI call for cut in British firms' tax burden
The Confederation of British Industry has called on Chancellor Gordon Brown to cut British firms' tax burden by £2 billion in his forthcoming budget.
The business lobby said the cuts were needed to help British businesses compete with counterparts in lower-tax economies.
The CBI revealed that British firms currently pay the equivalent of 13.2 per cent of gross domestic product in tax, compared to just 9.5 per cent in the US and 12.7 per cent in Germany.
The proposed cut would also help to reverse a £29 billion increase in the business tax burden since the New Labour government came into power in 1997.
The CBI has also called for targeted tax breaks aimed at encouraging scientific research and staff training.
It is also pushing for a wider range of exemptions to the government's controversial Climate Change Levy, a tax on energy use aimed at curbing environmentally harmful gas emissions.
(MB)
The business lobby said the cuts were needed to help British businesses compete with counterparts in lower-tax economies.
The CBI revealed that British firms currently pay the equivalent of 13.2 per cent of gross domestic product in tax, compared to just 9.5 per cent in the US and 12.7 per cent in Germany.
The proposed cut would also help to reverse a £29 billion increase in the business tax burden since the New Labour government came into power in 1997.
The CBI has also called for targeted tax breaks aimed at encouraging scientific research and staff training.
It is also pushing for a wider range of exemptions to the government's controversial Climate Change Levy, a tax on energy use aimed at curbing environmentally harmful gas emissions.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
04 May 2011
Dáil Probes EU Plans For Common Tax System
An interim Dáil Committee will meet with officials from the Department of Finance today, to consider whether a new EU proposal for a consolidated system of calculating the tax base of businesses operating in the EU complies with the principle of subsidiarity. The meeting will take place at 2.30pm in Leinster House.
Dáil Probes EU Plans For Common Tax System
An interim Dáil Committee will meet with officials from the Department of Finance today, to consider whether a new EU proposal for a consolidated system of calculating the tax base of businesses operating in the EU complies with the principle of subsidiarity. The meeting will take place at 2.30pm in Leinster House.
22 March 2013
Budget R&D Tax Incentives Welcomed
Invest Northern Ireland has welcomed the R&D measures announced by the Chancellor George Osborne as part of the Budget statement. Improvements to the R&D tax credit system and the new Patent Box regime are part of wider government measures to encourage investment in R&D and help innovative businesses to grow.
Budget R&D Tax Incentives Welcomed
Invest Northern Ireland has welcomed the R&D measures announced by the Chancellor George Osborne as part of the Budget statement. Improvements to the R&D tax credit system and the new Patent Box regime are part of wider government measures to encourage investment in R&D and help innovative businesses to grow.
10 December 2003
CBI cautiously welcome Chancellor's pre-budget report
CBI Director-General Digby Jones has expressed concern about the business tax burden in what he described as a "positive" pre-budget report that he said had "little room for manoeuvre".
CBI cautiously welcome Chancellor's pre-budget report
CBI Director-General Digby Jones has expressed concern about the business tax burden in what he described as a "positive" pre-budget report that he said had "little room for manoeuvre".
26 October 2021
Baker Tilly Moore Announces Two Key Appointments
Leading accountancy and advisory firm Baker Tilly Mooney Moore has made two appointments to the Taxation Department amid a period of sustained growth and development. Eugene Moore joins the firm as Tax Manager, while Naomh McGrann has taken on the role of Tax Technician.
Baker Tilly Moore Announces Two Key Appointments
Leading accountancy and advisory firm Baker Tilly Mooney Moore has made two appointments to the Taxation Department amid a period of sustained growth and development. Eugene Moore joins the firm as Tax Manager, while Naomh McGrann has taken on the role of Tax Technician.
01 March 2006
Employers reminded to stop paying Working Tax Credit
HM Revenue & Customs (HMRC) have reminded employers that they must stop paying Working Tax Credit via their payroll by the end of this month. Since its introduction in April 2003, Working Tax Credit has been paid via employers to supplement the wages of people on low incomes.
Employers reminded to stop paying Working Tax Credit
HM Revenue & Customs (HMRC) have reminded employers that they must stop paying Working Tax Credit via their payroll by the end of this month. Since its introduction in April 2003, Working Tax Credit has been paid via employers to supplement the wages of people on low incomes.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
