The government has introduced new legislation to prevent the use of two aggressive tax avoidance schemes used by Barclays.
Her Majesty's Revenue and Customs (HMRC) was informed of the two schemes by Barclays. The bank will now have to pay £500m in tax it had tried to avoid. One of the schemes worked by ensuring the commercial...
'It may take a while to square this circle'
Admits past failings
Cost £38bn in 2018/19
Appeal could be granted
Put back to April 2021
Predicts two lost years of UK growth
'We will take decisive action and we will withdraw capital'
'Substantial lessening' of competition