Supreme Court blocks Scottish Power’s £28m tax write-off

The Supreme Court has ruled that the energy giant cannot deduct £28m in regulatory settlement payments from its taxable corporate profits. The legal case stems from a probe by the energy regulator Ofgem into Scottish…

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Inflation and government borrowing highest for a year ahead of next week's Budget

The pace of UK price rises accelerated to 3.5% in the year to September, pushed up by sharp increases in petrol and diesel prices. The inflation figures came as UK government borrowing jumped to nearly £25bn in…

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Inheritance tax receipts reach fresh record high as Autumn Budget approaches

Receipts hit £4.7bn over the period, according to the latest figures from HMRC, a seven per cent increase from the prior year where receipts reached £4.3bn. In September alone, inheritance tax (IHT) receipts hit a record…

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UK tech race at risk from ‘far too cautious’ government, warns watchdog

In a report published on Wednesday, the Public Accounts Committee (PAC) urged UK Research and Innovation (UKRI) to take more equity stakes in companies it funds, arguing taxpayers are missing out on the returns from…

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FTSE 100 landowner pulls £1.5bn London shopping centre plans in row with Green council

Property giant Landsec , which owns Lewisham Shopping Centre, said it is “deprioritising” its plans to redevelop the site following a row with the local authority over affordable housing. Lewisham Shopping Centre will…

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On this day in 1980: The birth of Kim Kardashian

Simpson trial of 1995, when the former football legend was accused and sensationally acquitted of murdering his wife Nicole Brown Simpson and her friend Ron Goodman. Next to Simpson sat a 51-year-old college friend…

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Rating Manual section 2: valuation principles

The Rating Manual is primarily provided as practice guidance for Valuation Officers. The contents of the Rating Manual represent the Valuation Office’s understanding of the law at the time it was prepared and whilst it…

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Part 1: Rateable occupation

1. Rateable occupation 1.1 A fundamental principle of rating, established shortly after the Poor Relief Act in 1601, was that rating is a tax on the occupation of property and this is now enshrined by s.43(1) of the LGFA…

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Part 6: Exemptions — Part A: property used for disabled persons

1. Introduction 1.1 When considering any case for exemption in respect of property used for disabled persons, there are two key aspects that need to be taken into account: 1) The hereditament, and the facts that surround…

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What an eyesore! My day at Norfolk’s frightful fridge mountain

The pub, once popular with airmen from RAF Coltishall, stopped being a pub a long time ago, even before RAF Coltishall stopped being RAF Coltishall. It's not Saturday, so there are no weddings at Hautbois Hall. Nor is it…

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