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Hundred Group

Type: Company

Name: Hundred Group

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

Huge increase in UK tax burden

The tax burden on Britain’s largest retailers has increased 65% since 2005, a new PwC report shows.Retailers are feeling the impact of the shift in business taxes towards indirect taxes and business rates (taxes that hit their profits). The retailers ... [Published Investor Today - Jun 14 2013]

Entities: Taxes, Hundred Group, PriceWaterhouseCoopers, Encumbrance, United Kingdom

First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Tax burden for largest retailers increases 65% since 2005

The tax burden on Britain’s largest retailers has increased 65% since 2005, according to the latest PricewaterhouseCoopers report. Retailers are feeling the impact of the shift in business taxes towards indirect taxes and business rates (taxes that hit ... [Published Independent Electrical Retailer - Jun 11 2013]

Entities: Taxes, Encumbrance, Hundred Group, PriceWaterhouseCoopers

First reported Jun 04 2013 - Updated Jun 04 2013 - 3 reports

The tax burden for Britain’s largest retailers has increased 65% since 2005

Our latest Total Tax Contribution report shows that Britain’s biggest retailers are feeling the impact of a total tax rate that has increased by almost two-thirds over the past eight years. The retailers in the Hundred Group now have a total tax rate ... [Published PriceWaterhouseCoopers United Kingdom - Jun 04 2013]

Entities: Taxes, Hundred Group, United Kingdom, Encumbrance

First reported Jun 04 2013 - Updated Jun 04 2013 - 1 reports

The contribution of retailers to the UK public finances - Total Tax Contribution

Adobe PDF FormatTotal Tax ContributionOur latest Total Tax Contribution report shows that Britain’s biggest retailers are feeling the impact of a total tax rate that has increased by almost two-thirds over the past eight years. The retailers in the Hundred ... [Published PriceWaterhouseCoopers United Kingdom - Jun 04 2013]

Entities: Hundred Group, United Kingdom, Taxes

First reported Jun 03 2013 - Updated Jun 03 2013 - 11 reports

PriceWaterhouseCoopers

Retail tax burden rises driven by rates, says PwC

The UK’s biggest retailers have seen their total tax burden increase by two thirds over the past seven years, reaching nearly £8.3bn last year, according to research by PwC.The firm’s analysis of the amount of tax paid by retailers in the Hundred Group ... [Published Accountancy Live - Jun 03 2013]

Entities: PriceWaterhouseCoopers, Taxes, Encumbrance

First reported Jan 22 2013 - Updated Jan 22 2013 - 1 reports

Britain’s biggest companies see tax bill drop 18pc last year

LONDON, Jan 22 – The corporation tax bill for Britain's biggest companies tumbled by 18 per cent last year, despite a rise in profits, PricewaterhouseCoopers (PwC) said today. The accountancy firm's annual report on tax payments by the Hundred Group, ... [Published The Malaysian Insider - Jan 22 2013]

Entities: United Kingdom, PriceWaterhouseCoopers, Hundred Group

First reported Jan 22 2013 - Updated Jan 22 2013 - 1 reports

Corporate tax take ‘has risen’

The Hundred Group says its members’ total tax contribution showed their overall tax payments rose by 19 per cent between 2005 and 2012 ... [Published FT.com - UK News - Jan 22 2013]

Entities: Taxes, Hundred Group

Quotes

Mary Monfries, head of tax policy at PwC, said: "Governments looking for stable tax revenues have rebalanced business taxes so there is less reliance on corporation tax, which is inevitably volatile as it is dependent on profits. For every £1 of corporation tax, the UK’s largest retailers now pay almost £2.40 in other taxes out of their profits. The rise in business rates in particular is felt by retailers given their large property portfolios."

Huge increase in UK tax burden [Published Investor Today - Jun 14 2013]

Paul Turner-Mitchell, a campaigner for high street reform, said: "Business rates are the biggest burden on the high street and there is no doubt that they are harming the chances of a recovery. We need to change the Treasury's view of the high street as a cash cow they can milk to death and also overhaul our outdated model of business rates. Ministers have got to get to grips with an unlevel playing field that unfairly punishes high street locations." According to PwC, the UK’s biggest retailers added £22.4bn of value to the UK economy, of which their profits accounted for a fifth

Retailers hit by hefty tax bills [Published London Evening Standard - Jun 03 2013]

"Nick Buckles made a massive contribution to the group over a 28 year career. As CEO he led G4S in the creation of significant shareholder value following the merger of Securicor and GroupGroup 4 Falck - building the world's leading security company. $ On behalf of the board and everyone at G4S, I thank Nick and wish him the very best of luck for the future."

REG-G4S plc UK DK : Directorate change [Published Reuters - May 21 2013]

...Note: A reconciliation to adjusted measures above is set outout in the Financial Review (Section 4). "We have had a tough year, impacted by unfavourable foreign exchange, record adverse weather in the UK and declining underlying markets in each of our three key territories. Whilst we have been unable to fully offset these headwinds, the hard work of our teams and our firm focus on our established programme of self-help initiatives means we ended the year in good shape with net cash on the balance sheet, higher market share and having generated economic return for our shareholders. "During the course of the year, we have developed our wider management team, mostly through internal promotions, and we have made excellent progress with the first year of our self-help plan, 'Creating the Leader', a plan supporting both the short term whilst building the business for the longer term. "Looking ahead, although we expect market conditions to remain challenging, we will continue to actively manage the business, optimising the generation and use of cash and driving longer term success through our own actions. I remain very confident in our prospects, with clear initiatives underway to make it easier for our customers to have better and more sustainable homes." Further copies of this announcement can be downloaded from The remainder of this release is broken down into four main sections: Our unique contribution as a business to our customers is that we can harness our home improvement experience, our heritage as a leader in sustainability and our international scale to bring new, more sustainable and more affordable products to market. By also providing our customers with project advice and new shopping channels to complement our stores we will make it easier for them to adapt their homes to their evolving lifestyles. Our shorthand for describing this purpose is "Better Homes, Better Lives". In March 2012, we set out four areas (Easier, Common, Expand and OneOne Team) with eight specific steps that make up 'Creating the Leader' along with their associated key success measures and short term annual milestones. Today we update on the progress we have made towards each of the 2012/13 milestones and set the milestones for 2013/14: Common means two or more operating companies selling the same product or a similar product but from the same supplier where the same product is not possible due to market / legal reasons e g. electrical extension cable which is the same supplier but with different electrical sockets Kingfisher France sales grew by 0.3% to $4.2"

Preliminary Results - Part 1 [Published TrustNet - Mar 26 2013]

More Content

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Huge increase in UK tax burden [Published Investor Today - Jun 14 2013]
How to tackle corporate tax avoidance [Published Sharenet - Jun 14 2013]
Tax burden for largest retailers increases 65% ... [Published Independent Electrical Retailer - Jun 11 2013]
The tax burden for Britain’s largest retailers ... [Published PriceWaterhouseCoopers United Kingdom - Jun 04 2013]
Tax burden soaring for the big players [Published Yorkshire Post - Jun 04 2013]
UK retailers hit by 65% tax increases in past 8... [Published PriceWaterhouseCoopers United Kingdom - Jun 04 2013]
The contribution of retailers to the UK public ... [Published PriceWaterhouseCoopers United Kingdom - Jun 04 2013]
Retail tax burden rises driven by rates, says PwC [Published Accountancy Live - Jun 03 2013]
Retailer tax burden up 65% since 2005 [Published Retail Gazette - Jun 03 2013]
Retailers' tax burden has 'rocketed 80%' since ... [Published Management Today Magazine - Jun 03 2013]
Tax burden up by 65% for UK's big retailers - S... [Published Retail Digital - Jun 03 2013]
Retailers' tax bill up 65% [Published Economia - Jun 03 2013]
Retailers hit by hefty tax bills [Published London Evening Standard - Jun 03 2013]
Tax burden soars for retailers [Published nebusiness.co.uk - Jun 03 2013]
Retailers’ tax burden 'up by 65pc since 2005’ [Published Yahoo! UK and Ireland - Jun 03 2013]
Tax burden soars 65% for big UK retailers [Published FT.com - UK News - Jun 03 2013]
Tax burden soars 65% for big UK retailers [Published FT.com - Companies UK - Jun 03 2013]
Tax burden soars 65% for big UK retailers [Published FT.com - Retail & Consumer - Jun 03 2013]
Buckles stepping down [Published Professional Security - May 21 2013]
REG-G4S plc UK DK : Directorate change [Published Reuters - May 21 2013]
Preliminary Results - Part 1 [Published TrustNet - Mar 26 2013]
Ashley Almanza to succeed Trevor Dighton as Chi... [Published G4S - Mar 13 2013]
Britain’s biggest companies see tax bill drop 1... [Published The Malaysian Insider - Jan 22 2013]
Corporate tax take ‘has risen’ [Published FT.com - UK News - Jan 22 2013]