Skip to content
Search

Latest Stories

Indian IT major Infosys admits appeal against UK tax assessment: Report

Reports are flagging that the firm co-founded by British Prime Minister Rishi Sunak's father-in-law, Narayana Murthy, was contesting a £20 million tax bill with His Majesty's Revenue and Customs (HMRC) department.

Indian IT major Infosys admits appeal against UK tax assessment: Report

Software services major Infosys on Tuesday admitted that it has appealed against a corporation tax assessment by the UK authorities as British media reports referenced the company’s annual report to reveal the dispute.

Reports are flagging that the firm co-founded by British Prime Minister Rishi Sunak’s father-in-law, Narayana Murthy, was contesting a £20 million tax bill with His Majesty’s Revenue and Customs (HMRC) department.


The dispute, first revealed by ‘The Times’, comes at a sensitive time for Sunak who sacked his Conservartive Party chief, Nadhim Zahawi, after an investigation found he had breached the ministerial code of ethics over his tax affairs.

“Infosys provides details of certain ongoing disputes with various regulatory authorities, including this specific tax matter with HMRC,” an Infosys spokesperson told ‘The Times’.

“The company has filed an appeal against a tax assessment in the UK and obtained a stay on the payment of the tax demand from HMRC,” the spokesperson said.

There is no suggestion of wrongdoing by Infosys, the newspaper highlights.

Murthy quit Infosys in 2014 and is not involved with its operations. His daughter and Sunak’s wife, Akshata Murty, owns just over 0.9 per cent of the Bengaluru-based company.

Murty found her personal wealth under the spotlight in April last year when it emerged that she legally held non-domiciled tax status as an Indian citizen, which meant she did not have to pay tax on earnings from abroad, including from Infosys dividends.

She has since denounced her non-dom tax status saying it was not “compatible” with her husband’s job – who was then the chancellor of the country.

(PTI)

More For You

Starmer

Keir Starmer is facing mounting pressure over the government's planned welfare reforms, which aim to cut costs and tighten benefit eligibility

Getty Images

Starmer faces pressure over planned welfare reforms

KEIR STARMER is facing growing pressure as the government prepares to announce changes to the welfare system this week.

Work and pensions secretary Liz Kendall is set to outline cost-cutting reforms on Tuesday, focusing on reducing spending and encouraging more people into work.

Keep ReadingShow less
Rachel Reeves

The finance ministry said regulators would be called to the prime minister's office, where Reeves will present an 'action plan to deliver on the pledge to cut the administrative cost of regulation on business by a quarter.' (Photo: Getty Images)

Rachel Reeves to set out plan to cut business regulations

THE LABOUR government will announce its plan on Monday to reduce regulatory costs for businesses as it faces pressure to boost economic growth nine months after coming to power.

Chancellor Rachel Reeves will outline the changes after prime minister Keir Starmer criticised what he called the nation's "flabby state."

Keep ReadingShow less
Manikarnika-Dutta-Twitter

Dutta, who studied archives in Indian cities as part of her work at the University of Oxford, exceeded the permitted absence limit for those applying for indefinite leave to remain. (Photo: X/@DManikarnika)

Oxford historian faces deportation over research trips to India

OXFORD historian Manikarnika Dutta, 37, is facing deportation from the UK after the Home Office ruled that she had spent too many days outside the country conducting research in India.

Dutta, who studied archives in Indian cities as part of her work at the University of Oxford, exceeded the permitted absence limit for those applying for indefinite leave to remain (ILR), The Guardian reported.

Keep ReadingShow less
Liz Kendall

Work and pensions secretary Liz Kendall will outline welfare reforms in a green paper next week, followed by chancellor Rachel Reeves’ Spring Statement on 26 March.

Ministers may drop plan to freeze disability benefits: Report

MINISTERS are considering dropping plans to freeze Personal Independence Payments (PIP) for a year, according to a report.

Initial proposals suggested PIP would not rise in line with inflation, but strong opposition from Labour MPs has prompted a review.

Keep ReadingShow less