OMG, IT services firm to pay UK taxes

With all the shenanigans surrounding IT suppliers and their clever ways of reducing their taxes it was interesting read a press release announcing the formation of a joint venture between the government and Steria.

In its press notice the new company, known as Shared Services Connected Ltd (SSCL), makes a point of emphasizing that it will pay UK tax.

“Shared Services Connected Ltd will be a UK tax-paying business that will contribute to growth and job creation in this country,” said the release. Really?

This will probably be inserted into every press release coming from any supplier that pays tax in the UK. It is a sad state of affairs when businesses have to put in writing that they p[ay UK tax and the fact that we see this as a bonus.