Barclays UK corporation tax bill for 2009 was £113m

[EXC]

Barclays has revealed it paid £113m in corporation tax to the UK in 2009, 2.4% of its £4.85bn annual profit.

Labour MP Chuka Umunna, of the Treasury Select Committee, who requested the detail, described it as "shocking".......

BBC News - Barclays UK corporation tax bill for 2009 was £113m

[Angry Cat]

Re: Barclays UK corporation tax bill for 2009 was £113m

Barclays has revealed it paid £113m in corporation tax to the UK in 2009, 2.4% of its £4.85bn annual profit.

Labour MP Chuka Umunna, of the Treasury Select Committee, who requested the detail, described it as "shocking".......

BBC News - Barclays UK corporation tax bill for 2009 was £113m

Shocking, Indeed!

No doubt, the Sunday papers will have a "field day"...

[pompeyfaith]

Re: Barclays UK corporation tax bill for 2009 was £113m

Now reported to only be 1%

[EXC]

Re: Barclays UK corporation tax bill for 2009 was £113m

Shocking, Indeed!

No doubt, the Sunday papers will have a "field day"...

This is nothing new.

Stories of Barclays tax avoidance have been rumbling on for years. A couple of years ago the Guardian received a gagging order not to publish details of it.

How the Guardian was gagged from revealing Barclays tax secrets | Business | The Guardian

Note the the name of the judge in the case.

[Angry Cat]

Re: Barclays UK corporation tax bill for 2009 was £113m

http://www.independent.co.uk/news/uk...s-2219983.html

[pallaz1851]

Re: Barclays UK corporation tax bill for 2009 was £113m

Barclays paid £113million in 2009 but.........

Typically, HMRC will only charge the difference between the UK's tax rate - if higher - and the local tax already incurred.

However, new tax rules proposed by the coalition government would mean that the UK's banks and other multinational companies would not be asked to pay this tax difference in the future.

So, now you see it, then next year you don't.......