Tax

Bernard Matthews takeover cleared by CMA

2 Sisters owner ‘cleared’ over Bernard Matthews deal

By Matt Atherton

Boparan Private Office has “welcomed” the Competition and Markets Authority’s (CMA’s) decision to clear its acquisition of turkey processor Bernard Matthews, after it was probed over the takeover.

New draft legislation for the UK sugar tax was slammed for being 'complex'. Image: Petr Kratochvil

‘Complex’ sugar tax draft slammed

By James Ridler

Draft legislation for the Soft Drink Industry Levy has been described as “complex” and raises “serious questions” if a sugar tax would work, said law firm DWF.

Premier Foods ceo Gavin Darby blamed falling sales on warm weather

Premier Foods blames falling sales on warm weather

By Michael Stones

Premier Foods’s ceo Gavin Darby has blamed a 4% fall in the manufacturer’s Grocery division sales and falling profits on warm weather in half-year results for the 26 weeks to October 1 2016.

Bernard Matthews sale: the pension pot is likely to receive 1p in the pound at best

Bernard Matthews deal under fire for extracting ‘maximum cash’

By Noli Dinkovski

Bernard Matthews’ takeover by 2 Sisters boss Ranjit Boparan appears to have been “carefully crafted” to enable secured creditors to extract maximum value from the company – while at the same time dumping the pension scheme and other liabilities – a Work...

Food and drink manufacturers have given a mixed reception to the Chancellor's budget

Budget 2016

Food and drink firms give mixed response to budget

By Michelle Perrett

Food and drink manufacturers are still coming to terms with the budget proposal to introduce a sugar tax on soft drinks, while welcoming business rates reform but expressing disappointment on the failure to cut alcohol duties.

Not so sweet: Claim and counter claim surround Mondelēz's UK tax payments

Mondelēz hits back at critics in UK tax row

By Michael Stones

Mondelēz International has hit back at critics who argued the global food giant avoided meeting its UK tax liabilities last year, after it was revealed the business paid no corporation tax in 2014.

The chancellor's Spending Review should settle seven key questions: EEF

Autumn statement

Spending Review: what manufacturers want to see

By Michael Stones

British manufacturers – including food and drink producers – will be looking for answers to seven key questions in the chancellor George Osborne’s Spending Review and Autumn Statement this afternoon, according to manufacturing organisation EEF.

Many have found Starbucks' UK tax strategy hard to swallow

Starbucks quiet on G8 tax dodging deal

By Mike Stones

Coffee giant Starbucks has refused to comment on plans to tackle tax avoidance agreed by G8 leaders in Northern Ireland yesterday (June 18).

On your side or on your back? George Osborne claimed the budget showed the government was 'on the side of people trying to work hard'

Manufacturers react to the budget – in quotes

By Mike Stones

Bouquets and brickbats – seemingly in equal measure – greeted the chancellor’s budget this week. Here, we bring you a flavour of the key points in quotes from industry groups and leading players.

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