Marks & Spencer, Vodafone and Topshop were amongst those retailers who faced disruption on Saturday 18th December 2010, as protesters made claims that some of the most successful retailers in the UK don’t pay enough tax. The protests caused concern for the businesses as the activists were giving a message that companies don’t pay tax as they should, which is incorrect.
UK Uncut organised the nationwide protests using Facebook and Twitter to organise the action carried out. Some of the stores, including Marks & Spencer’s Oxford Street store in London, had to close down temporarily as the protests caused disruption. The protesters targeted Sir Philip Green, who owns the Arcadia Group, as he had previously paid a dividend to his wife of £1.2 billion.
HSBC has also been targeted following claims that the bank are trying to have their tax bill reduced by as much as £2 billion. This follows the recent news story that Vodafone had made a deal with HMRC to pay their tax bill, but paying up to £6 billion less.
The businesses were unaware of the impending protests which have taken them by surprise. A spokesperson for M & S has announced that the company pays all tax which is due in compliance with UK legislation. The company has stores overseas and pays the appropriate taxes according to their laws and legislation, which all differ.
The tax laws in the United Kingdom are complex and a small business accountants will help you to avoid similar accusations by maximising income while complying with UK laws. There are many accountancy firms who specialise with dealing with HMRC so that you don’t have to.
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