|
archived news blog
May 2012 (26)
April 2012 (39)
March 2012 (49)
February 2012 (42)
January 2012 (44)
December 2011 (33)
November 2011 (47)
October 2011 (42)
Government under fire over latest tax avoidance scheme. Pearson May News Update - Friday 3 February
- Government under fire over latest tax avoidance scheme
- Policy maker accuses banks of failing businesses
Government under fire over latest tax avoidance scheme
The Government has been heavily criticised after it was revealed that the Student Loans Company CEO was being paid via an agreed tax avoidance scheme, just weeks after Exchequer Secretary to the Treasury, David Gauke, announced that tackling tax avoidance was a top priority.
The investigation uncovered that Ed Lester was using a tax avoidance scheme, which channelled pay directly into his own private company. The arranged deal, that was signed off by senior ministers, meant that Lester's six-figure salary was being paid into his business with little tax and insurance deductions.
Danny Alexander, Chief Secretary to the Treasury, personally came under fire yesterday in the House of Commons and pledged a review across all departments as to who is being paid through tax avoidance schemes and why.
He has now ordered that Ed Lester pay tax and insurance at source and that all other departments with employees under similar tax avoidance schemes must do the same.
David Alexander said: "At a time when we all have to pull in the same direction to tackle the country's financial problems, it is essential that we all pay our full and fair share.
That is why I have taken this action to make sure Government departments do not support tax avoidance schemes."
Business General
This section contains a host of advice and information on a range of business matters, from insuring your
business to dealing with employee absence. Simply visit the topics listed below for further information,
ideas, tips and strategies on how to take your business forward.
Click here for more information
See What's On Our Site
Our site also contains:
- A huge database of business information
- Your portal to the web with our powerful search facilities and Links section
Home | Contact Us | Recruitment | Services | News | Knowledge Centre | International
About Us | Companies House Search | Links | Search | Register | Logout
Terms
and Conditions
Technical Problems - email service@pearsonmay.co.uk
Copyright © 2009 Pearson May. All rights reserved.