I wonder if they have a template for that.
UKCloud has agreed specified discounts on a range of fluffy white services - public, private and hybrid - under a framework agreement with Crown Commercial Services (CCS), the procurement agency acting on behalf of British government. Microsoft and Google have each already penned a Memorandum of Understanding (MoU) with CCS as …
Why the f*ck would they do that? If they are paying tax that they can avoid then they are just increasing their costs unnecessarily and wasting shareholder value. The Government and the HRMC set the rules that companies must obey. If the can't be bothered to close the loopholes that companies take advantage of, then it is a bit stupid to blame the companies for following the rules that they set.
Tax avoidance is part of the fiduciary duty of a companie's officers, and it is board's resposibility to conduct tax planning so as to maximise profit for shareholder by reducing tax liabilities. Tax avoidance is completely legal - if UK Gov doesn't like people playing according to HMCE rules, then change them. so-called 'aggressive tax avoidance' is nothing of the sort - it's just companies being better at this game than the treasury and HMCE. A simple and transparent tax system would reduce the ability of UK Gov to play politically motivated games with the system, but also reducethe opportunities for their cronies to benefit in a way that the ordinary people can't, which isn't good for donations... it has ever been thus.
Sources close to the public sector told El Reg that UKCloud had agreed to charge clients in pounds sterling,
Can clients pay in foreign currency [at normal market conversion rates] to the value of the pounds sterling charge? It offers clients certain very lucrative advantages. Surely that is not deemed problematical?
Unless I’m mis-reading their latest set of accounts (perfectly possible, happy to be corrected), I believe that UKCloud aren’t paying any taxes at all - instead, they’re deferring / claiming tax credit?
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