126-706: Caffè Nero is a coffeehouse company headquartered in London , England, established in 1997 by Gerry Ford . Caffè Nero runs over 1,000 coffee houses in eleven countries: the UK, Ireland, Sweden, Poland, Cyprus, Croatia, Turkey, the UAE, Oman and the United States. In 2009, Caffè Nero bought and opened its own coffee roastery in Battersea, south London, which supplies the coffee to all its coffee houses worldwide. Caffè Nero Ltd
252-519: A Lloyd's corporate name or to a life assurance company) and profits from a rental business are equal to profits calculated under generally accepted accounting practice ("GAAP") unless there is a specific statutory or case law rule to the contrary. This was followed up by the Finance Act 2004 , which provided that where a company with investment business could make deductions for management expenses, they were calculated by reference to figures in
378-412: A franchise business model , with numerous branches across various countries around the world. While café may refer to a coffeehouse, the term "café" can also refer to a diner , British café (also colloquially called a "caff"), " greasy spoon " (a small and inexpensive restaurant), transport café , teahouse or tea room, or other casual eating and drinking place. A coffeehouse may share some of
504-463: A 30% main rate and 19% small companies' rates. From April 1983 to March 1997 the small companies' rate was pegged to the basic rate of income tax . During the 1980s there was briefly a higher rate of tax imposed for capital profits. Chancellor Gordon Brown 's 1999 Budget introduced a 10% starting rate for profits from £0 to £10,000, effective from April 2000. Marginal relief applied meaning companies with profits of between £10,000 and £50,000 paid
630-521: A Ukrainian cossack and Polish diplomat of Ruthenian descent. Kulczycki, according to the tale, then began the first coffeehouse in Vienna with the hoard, also being the first to serve coffee with milk. There is a statue of Kulczycki on a street also named after him. However, it is now widely accepted that the first Viennese coffeehouse was actually opened by an Armenian merchant named Johannes Diodato. Johannes Diodato (also known as Johannes Theodat) opened
756-688: A Viennese coffee house on the Adriatic in Trieste , then and now the main port for coffee and coffee processing in Italy and Central Europe. From there, the Viennese Kapuziner coffee developed into today's world-famous cappuccino . This special multicultural atmosphere of the Habsburg coffee houses was largely destroyed by the later National Socialism and Communism and can only be found today in
882-725: A bar, and also sells alcoholic drinks. In the Netherlands a koffiehuis serves coffee, while a coffee shop (using the English term) sells "soft" drugs ( cannabis and hashish ) and is generally not allowed to sell alcoholic drinks. In France, most cafés serve as lunch restaurants in the day, and bars in the evening. They generally do not have pastries except in the mornings, when a croissant or pain au chocolat can be purchased with breakfast coffee. In Italy, cafés are similar to those found in France and known as bar . They typically serve
1008-735: A casual setting that was purposefully different from traditional churches. An out-of-print book, published by the ministry of David Wilkerson, titled, A Coffeehouse Manual , served as a guide for Christian coffeehouses, including a list of name suggestions for coffeehouses. In 2002, Brownstones Coffee of Amityville, New York opened its first location as a breakfast-oriented coffeehouse well before that business model became popular. The trend later caught on through coffeehouses such as Starbucks, which seemed to be on every street corner in several major American cities including Los Angeles and Seattle. Cafés may have an outdoor section (terrace, pavement or sidewalk café ) with seats, tables and parasols. This
1134-452: A coffeehouse in Paris. In a well-known engraving of a Parisian café c. 1700, the gentlemen hang their hats on pegs and sit at long communal tables strewn with papers and writing implements. Coffee pots are ranged at an open fire, with a hanging cauldron of boiling water. The only woman present presides, separated in a canopied booth, from which she serves coffee in tall cups. Aside from
1260-412: A coffeehouse provides patrons with a place to congregate, talk, read, write, entertain one another, or pass the time, whether individually or in small groups. A coffeehouse can serve as an informal social club for its regular members. As early as the 1950s Beatnik era and the 1960s folk music scene, coffeehouses have hosted singer-songwriter performances, typically in the evening. The digital age saw
1386-604: A company making £10,000 profit, and making a £6,000 dividend distribution to an individual and £4,000 to another company would pay 19% corporation tax on the £6,000. Although this measure substantially reduced the number of small businesses incorporating, the Chancellor in the 2006 Budget said tax avoidance by small businesses through incorporation was still a major issue, and scrapped the starting rate entirely. The following graph shows UK corporation tax revenue from 1999 to 2017: The starting point for computing taxable profits
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#17327938936541512-593: A company's accounting period straddles a financial year in which the corporation tax rate has changed, the company's profits for that period are split. For example, a company paying small companies' rate with its accounting period running from 1 January to 31 December, and making £100,000 of profit in 2007, would be deemed to have made 90/365*£100,000 = £24,657.53 in FY06 (there are 90 days between 1 January and 31 March), and 275/365*£100,000=£75,34.47 in FY07, and would pay 19% on
1638-452: A company's financial statements in most instances. The Finance Act 1994 saw similar rules for financial instruments, and in the Finance Act 1996 the treatment of most loan relationships was also brought into line with the accounting treatment. The Finance Act 1997 saw something similar with rental premiums. A year later, the Finance Act 1998 went even further, making it clear that taxable trading profits (apart from those accruing to
1764-443: A culture of reading and increased literacy. These coffeehouses were a social magnet where different strata of society came together to discuss topics covered by the newspapers and pamphlets. Most coffeehouses of the 18th century would eventually be equipped with their own printing presses or incorporate a book shop. Today, the term café is used for most coffeehouses – this can be spelled both with and without an acute accent , but
1890-475: A deduction for interest paid when the loan to which it relates is made for an "unallowable purpose". In 2013, the government introduced a General Anti-Avoidance Rule to manage the risk of tax avoidance. Finance Act 2004 introduced disclosure rules requiring promoters of certain tax avoidance schemes that are financing- or employment-related to disclose the scheme. Taxpayers who use these schemes must also disclose their use when they submit their tax returns. This
2016-456: A dividend from a UK company received a tax credit representing the ACT paid. Individuals could set off the tax credit against their income tax liability. On introduction, ACT was set at 30% of the gross dividend (the actual amount paid plus the tax credit). If a company made a £70 dividend payment to an individual, the company would pay £30 of advance corporation tax. The shareholder would receive
2142-660: A few places that have long been in the slipstream of history, such as Vienna or Trieste. The first coffeehouse in England was set up on the High Street in Oxford in 1650 –1651 by "Jacob the Jew". A second competing coffee house was opened across the street in 1654, by "Cirques Jobson, the Jew" ( Queen's Lane Coffee House ). In London, the earliest coffeehouse was established by Pasqua Rosée in 1652. Anthony Wood observed of
2268-510: A full accounting period starts. These times are modified where an accounting period lasts for less than twelve months. From 2005 onwards, for tax payable on oil and gas extraction profits, the third and fourth quarterly instalments are merged, including the supplementary 10% charge. In the financial year 2004–2005, approximately 39,000 companies paid corporation tax at the main rate. These 4.7% of active companies are responsible for 75% of all corporation tax receipts. Around 224,000 companies paid
2394-427: A further six months have elapsed. Also, the most common claims and elections that may be made by a company have to be part of its tax return, with a time limit of two years after the end of the accounting period. This means that a company submitting its return more than one year late suffers not only from the late filing penalties, but also from the inability to make these claims and elections. From 2004 there has been
2520-420: A higher rate (known as "surtax"), he (not the company) would be liable to pay the additional tax. In addition to income tax, companies were also subject to a profits tax, which was deducted from company profits when determining the income tax liability. It was a differential tax, with a higher tax rate on dividends (profits distributed to shareholders) than on profits retained within the company. By penalising
2646-567: A lively description of the Persian coffeehouse ( qahveh khaneh in Persian ) scene: People engage in conversation, for it is there that news is communicated and where those interested in politics criticize the government in all freedom and without being fearful, since the government does not heed what the people say. Innocent games ... resembling checkers , hopscotch, and chess, are played. In addition, mollas , dervishes , and poets take turns telling stories in verse or in prose. The narrations by
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#17327938936542772-507: A main rate of 52%, together with a smaller companies' rate of 42%. This apparent increase was negated by the fact that under the ACT scheme, dividends were no longer subject to income tax. The 1979 Conservative Budget of Geoffrey Howe cut the small companies' rate to 40%, followed by a further cut in the 1982 Budget to 38%. The Budgets of 1983–1988 saw sharp cuts in both main and small companies' rates, falling to 35% and 25% respectively. Budgets between 1988 and 2001 brought further falls to
2898-450: A particular clientele divided by occupation or attitude, such as Tories and Whigs , wits and stockjobbers , merchants and lawyers, booksellers and authors, men of fashion or the "cits" of the old city center . According to one French visitor, Antoine François Prévost , coffeehouses, "where you have the right to read all the papers for and against the government", were the "seats of English liberty". Jonathan's Coffee House in 1698 saw
3024-748: A popular meeting place of the French Enlightenment ; Voltaire , Rousseau , and Denis Diderot frequented it, and it is arguably the birthplace of the Encyclopédie , the first modern encyclopedia. The first known cafes in Pest date back to 1714 when a house intended to serve as a Cafe (Balázs Kávéfőző) was purchased. Minutes of the Pest City Council from 1729 mention complaints by the Balázs café and Franz Reschfellner Cafe against
3150-512: A precursor to opportunistically acquiring the company at a later date." In September 2021, the high court dismissed the challenge against the CVA, brought by a landlord with the backing of the Issa brothers, with Mr Justice Green ruling that the company had "acted in good faith, in accordance with their professional duties and reached a perfectly reasonable decision that it was not in the best interests of
3276-591: A rate between the starting rate and the small companies' rate (19% in 2000). The 2002 Budget cut the starting rate to zero, with marginal relief applying in the same way. This caused a significant increase in the number of companies being incorporated, as businesses that had operated as self-employed , paying income tax on profits from just over £5,000, were attracted to the corporation tax rate of 0% on income up to £10,000. Previously self-employed individuals could now distribute profits as dividend payments rather than salaries. For companies with profits under £50,000
3402-517: A reduction in overall costs, would enable the company to rebuild its business when the pandemic ended; more than 90% of creditors voted in favour in November 2020. The CVA was approved the day after Caffè Nero confirmed it had rejected an unsolicited takeover approach from the brothers Mohsin and Zuber Issa , who are behind the EG Group , stating that they had "clear intention" to disrupt the CVA "as
3528-539: A registered coffeehouse in Vienna in 1685. Fifteen years later, four other Armenians owned coffeehouses. The culture of drinking coffee was itself widespread in the country in the second half of the 18th century. Over time, a special coffee house culture developed in Habsburg Vienna. On the one hand, writers, artists, musicians, intellectuals, bon vivants and their financiers met in the coffee house, and on
3654-508: A requirement for new companies to notify HM Revenue & Customs of their formation , although HMRC receives notifications of new company registrations from Companies House . Companies will then receive an annual notice CT603, approximately 1–2 months after the end of the company's financial period, notifying it to complete an annual return. This must also include the company's annual accounts, and possibly other documents, such as auditors ' reports, that are required for certain companies. In
3780-979: A restaurant that usually serves coffee and snacks rather than the word coffee that describes the drink, is derived from the French café. The first café in France is believed to have opened in 1660. The first café in Europe is believed to have been opened in Belgrade , Ottoman Serbia in 1522 as a Kafana (Serbian coffee house). The translingual word root /kafe/ appears in many European languages with various naturalized spellings, including Portuguese, Spanish, and French ( café ); German ( Kaffee ); Polish ( kawa ); Serbian ( кафа / kafa ); Ukrainian ( кава , 'kava'); and others. The first coffeehouses appeared in Damascus . These Ottoman coffeehouses also appeared in Mecca , in
3906-506: A single corporate tax, which took its basic structure and rules from the income tax system. Since 1997, the UK's Tax Law Rewrite Project has been modernising the UK's tax legislation, starting with income tax, while the legislation imposing corporation tax has itself been amended, the rules governing income tax and corporation tax have thus diverged. Corporation tax was governed by the Income and Corporation Taxes Act 1988 (as amended) prior to
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4032-704: A variety of espresso coffee, cakes and alcoholic drinks. Bars in city centers usually have different prices for consumption at the bar and consumption at a table. Coffeehouses are part of the culture of Buenos Aires and the customs of its inhabitants. They are traditional meeting places for 'porteños' and have inspired innumerable artistic creations. Some notable coffeehouses include Confitería del Molino , Café Tortoni , El Gato Negro , Café La Biela . The first coffeehouse in America opened in Boston , in 1676. However, Americans did not start choosing coffee over tea until
4158-403: Is always pronounced as two syllables. The name café has also come to be used for a type of diners that offers cooked meals (again, without alcoholic beverages) which can be standalone or operating within shopping centres or department stores. In Irish usage, the presence or absence of the acute accent does not signify the type of establishment (coffeehouse versus diner), and is purely a decision by
4284-416: Is available for expenses of a life assurance company taxed on the I minus E basis which relate to the company's basic life assurance and general annuity business . Donations made to charities are also normally deducted in calculating taxable income if made under Gift Aid . The 2007 Budget announced a main rate cut from 30% to 28%, effective from April 2008. At the same time, the small companies' rate
4410-408: Is charged in respect of the company's accounting period , which is normally the 12-month period for which the company prepares its accounts . Corporation tax is administered by HM Revenue & Customs (HMRC). Corporation tax is levied on the net profits of a company. Except for certain life assurance companies, it is borne by the company as a direct tax . Up until 1999 no corporation tax
4536-517: Is defined by the UK government as "bending the rules of the tax system to gain a tax advantage that Parliament never intended". Unlike most other countries, most UK tax professionals are accountants rather than lawyers by training. Until 2013, the UK had no general anti-avoidance rule ("GAAR") for corporation tax. However, it inherited an anti-avoidance rule from income tax relating to transactions in securities, and since then has had various "mini-GAARs" added to it. The best known "mini-GAAR" prevents
4662-511: Is designed to avoid corporation tax." In May 2015, the company said that they would stop serving milk from farms in Gloucestershire 's badger cull areas following threats from animal-rights activists. On 29 May 2015, the company said: "Caffè Nero has instructed its partners supplying to stores which are situated around the cull zone areas to supply milk from farms outside of the zone." On 7 July 2015, rats were videoed scurrying along
4788-507: Is especially the case with European cafés. Cafés offer a more open public space compared to many of the traditional pubs they have replaced, which were more male dominated with a focus on drinking alcohol. One of the original uses of the café, as a place for information exchange and communication, was reintroduced in the 1990s with the Internet café or Hotspot . The spread of modern-style cafés to urban and rural areas went hand-in-hand with
4914-456: Is majority owned through a chain of intermediary companies, including UK-based Nero Group Holdings Ltd and Luxembourg -based Rome Intermediate Holdings Sarl, by Gerry Ford. The company successfully dismissed a hostile takeover attempt during the COVID-19 pandemic . In 1997, Gerry Ford led a small group of investors in the purchase from Ian Semp of five London coffee outlets. At the same time
5040-519: Is profits before tax (except for a life assurance company). The rules for calculating corporation tax generally ran in parallel with income tax until 1993, when the first statutory rule to move profit reporting into line with generally accepted accounting practice was introduced, although the courts were already moving towards requiring trading profits to be computed using general accountancy rules. The Finance Act 1993 introduced rules to make tax on exchange gains and losses mimic their treatment in
5166-574: Is the first provision of its kind in the UK, and Finance Act 2005 has shown a number of tax avoidance schemes being blocked earlier than would have been expected prior to the disclosure rules. In the early twenty-first century the government sought to raise more revenues from corporation tax. In 2002 it introduced a separate 10% supplementary charge on profits from oil and gas extraction businesses, and Finance Act 2005 contained measures to accelerate when oil and gas extraction business have to pay tax. Instead of paying their tax in four equal instalments in
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5292-479: Is wrong through negligence or recklessness, the company can be liable to penalties. The self-assessment tax return needs to be delivered to HMRC 12 months after the end of the period of account in which the accounting period falls (although the tax must be paid before this date). If a company fails to submit a return by then, it is liable to penalties. HMRC may then issue a determination of the tax payable, which cannot be appealed – however, in practice they wait until
5418-584: The Arabian Peninsula in the 15th century, then spread to the Ottoman Empire 's capital of Istanbul in the 16th century and in Baghdad . Coffeehouses became popular meeting places where people gathered to drink coffee, have conversations, play board games such as chess and backgammon , listen to stories and music, and discuss news and politics. They became known as "schools of wisdom" for
5544-766: The Boston Tea Party and the Revolutionary War . After the Revolutionary War, Americans momentarily went back to drinking tea until after the War of 1812 when they began importing high-quality coffee from Latin America and expensive inferior-quality tea from American shippers instead of Great Britain. Whether they were drinking coffee or tea, coffeehouses served a similar purpose to that which they did in Great Britain, as places where business
5670-667: The High Court ( Court of Session in Scotland ), then the Court of Appeal , and finally, with leave, to the House of Lords . However, decisions of fact are binding and can only be appealed if no reasonable Commissioner could have made that decision. Once an enquiry is closed, or the time for opening an enquiry has passed, HMRC can only re-open a prior year if they become aware of an issue which they could not reasonably have known about at
5796-584: The Principality of Wallachia ), in the center of the city, where today sits the main building of the National Bank of Romania . Pasqua Rosée, an Armenian by the name Harutiun Vartian, also established the first coffeehouse in Paris in 1672 and held a citywide coffee monopoly until Procopio Cutò , his apprentice, opened the Café Procope in 1686. This coffeehouse still exists today and was
5922-599: The financial statements . From 2005, all European Union listed companies have to prepare their financial statements using the " International Financial Reporting Standards " ("IFRS"), as modified by the EU. Other UK companies may choose to adopt IFRS. Corporation tax law is changing so that, in the future, IFRS accounting profits are largely respected. The exception is for certain financial instruments and certain other measures to prevent tax arbitrage between companies applying IFRS and companies applying UK GAAP. Tax avoidance
6048-475: The 1960s through the mid-1980s, churches and individuals in the United States used the coffeehouse concept for outreach. They were often storefronts and had names like The Lost Coin (Greenwich Village), The Gathering Place (Riverside, CA), Catacomb Chapel (New York City), and Jesus For You (Buffalo, NY). Christian music (often guitar-based) was performed, coffee and food was provided, and Bible studies were convened as people of varying backgrounds gathered in
6174-617: The 19th and 20th centuries in Europe, coffeehouses were very often meeting points for writers and artists. The traditional tale of the origins of the Viennese café begins with the mysterious sacks of green beans left behind when the Turks were defeated in the Battle of Vienna in 1683. All the sacks of coffee were granted to the victorious Polish king Jan III Sobieski , who in turn gave them to one of his officers, Jerzy Franciszek Kulczycki ,
6300-550: The Conservative and Labour parties: the Conservative approach was to distribute profits to capital holders for investment elsewhere, while Labour sought to force companies to retain profits for reinvestment in the company in the hope this would benefit the company's workforce. Finance Act 1965 replaced the system of income tax and profits tax from 1 April 1965 with the Corporation Tax, which re-introduced aspects of
6426-423: The FY06 portion, and 20% on the FY07 portion. From 1 April 2010 HM Revenue & Customs updated their terminology and the former Small Companies' Rate is now called Small Profits Rate. Notes: Most companies are required to pay tax nine months and a day after the end of an accounting period. Larger companies are required to pay quarterly instalments, in the seventh, tenth, thirteenth and sixteenth months after
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#17327938936546552-678: The Group expanded further by completing the purchase of the majority shareholding of the 100-strong coffee chain Coffee#1 located in Wales, South West England and the Midlands from SA Brains . The deal gave Caffe Nero a 67% majority stake in the business; in February 2022, Caffe Nero purchased the remaining 33%. In 2019 they partnered with the beverage company Fever-Tree to sell two variations of
6678-627: The Italian caffè —first attested as caveé in Venice in 1570 —and in turn derived from Arabic qahwa ( قهوة ). The Arabic term qahwa originally referred to a type of wine, but after the wine ban by Islam , the name was transferred to coffee because of the similar rousing effect it induced. European knowledge of coffee (the plant, its seeds, and the drink made from the seeds) came through European contact with Turkey , likely via Venetian- Ottoman trade relations. The English word café to describe
6804-725: The Italian-originated café of Francesco Bellieno for selling underpriced coffee. During the 18th century, the oldest extant coffeehouses in Italy were established: Caffè Florian in Venice, Antico Caffè Greco in Rome, Caffè Pedrocchi in Padua , Caffè dell'Ussero in Pisa and Caffè Fiorio in Turin . In the 18th century, Dublin coffeehouses functioned as early reading centers and
6930-513: The London City magistrates tried to prosecute people who frequented coffeehouses as they were liable to "spread false and seditious reports". William III 's privy council also suppressed Jacobite sympathizers in the 1680s and 1690s in coffeehouses as these were the places that they believed harbored plotters against the regimes. By 1739, there were 551 coffeehouses in London; each attracted
7056-647: The Marrare and the Marrare dictated the law"). Other coffee houses soon opened across the country, such as Café Vianna, opened in Braga , in 1858, by Manoel José da Costa Vianna, which was also visited by important Portuguese writers such as Camilo Castelo Branco and Eça de Queirós . During the 1930's , a surge in coffee houses happened in Porto with the opening of several that still exist, such as Café Guarany , opened in 1933, and A Regaleira , opened in 1934. In 1761
7182-467: The Stock Exchange that £300 m had been wiped off its value, and Aviva (Norwich Union) announced that the tax changes would cost its policy holders £150 m. Powers to collect corporation tax must be passed annually by parliament , otherwise there is no authority to collect it. The charge for the financial year (beginning 1 April each year) is imposed by successive finance acts. The tax
7308-719: The Turm Kaffee, a shop for exported goods, was opened in St. Gallen . Finland's first coffee house, Kaffehus, was founded in Turku in 1778. The oldest still-in-use coffee house in Helsinki called Café Ekberg was founded 1852. The exclusion of women from coffeehouses as guests was not universal, but does appear to have been common in Europe. In Germany, women frequented them, but in England and France they were banned. Émilie du Châtelet purportedly cross-dressed to gain entrance to
7434-583: The UAE in 2009, Poland in 2012, Cyprus in 2013, Ireland and the United States in 2014, Croatia in 2017, Oman in 2018 and Sweden. In 2013, Caffè Nero's coffee was rated best-tasting among five major UK brands by experts at the independent consumer magazine Which? In June 2016, the Caffè Nero Group completed the purchase of the Harris + Hoole business from Tesco, with 43 sites, and in January 2019
7560-604: The United Kingdom the source rule applies. This means that something is taxed only if there is a specific provision bringing it within the charge to tax. Accordingly, profits are only charged to corporation tax if they fall within one of the following, and are not otherwise exempted by an explicit provision of the Taxes Acts: Notes: Schedule D is itself divided into a number of cases: Notes: Strictly speaking, Corporation Tax Act 2010 replaces
7686-549: The West. United Kingdom corporation tax Corporation tax in the United Kingdom is a corporate tax levied in on the profits made by UK-resident companies and on the profits of entities registered overseas with permanent establishments in the UK. Until 1 April 1965, companies were taxed at the same income tax rates as individual taxpayers, with an additional profits tax levied on companies. Finance Act 1965 replaced this structure for companies and associations with
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#17327938936547812-412: The beverage espresso and tonic across its outlets. In 2020, like many businesses in the hospitality sector, Caffè Nero suffered from poor trading conditions because of the COVID-19 pandemic . Due to the second lockdown in November 2020, the company proposed entering a company voluntary arrangement (CVA) with its creditors. Ford hoped that successful renegotiation of rent agreements with landlords, and
7938-419: The change, only £300,000 was reclaimable, reducing income to £1.5 m, a fall of 6.25%. Gordon Brown 's summer Budget of 1997 ended the ability of pension funds and other tax-exempt companies to reclaim tax credits with immediate effect, and for individuals from April 1999. This tax change has been blamed for the poor state of British pension provision, while usually ignoring the more significant effect of
8064-439: The coffee houses of Oxford in his Life and Times (1674) "The decay of study, and consequently of learning, are coffee houses, to which most scholars retire and spend much of the day in hearing and speaking of news". The proprietor was Pasqua Rosée, the servant of a trader in goods from the Ottoman Empire named Daniel Edwards, who imported the coffee and assisted Rosée in setting up the establishment there. From 1670 to 1685,
8190-481: The company. Finance Act 1965 also introduced a capital gains tax , at a rate of 30%, charged on the gains arising on the disposal of capital assets by individuals. While companies were exempted from capital gains tax, they were liable to corporation tax on their "chargeable gains", which were calculated in substantially the same way as capital gains for individuals. The tax applied to company shares as well as other assets. Before 1965, capital gains were not taxed, and it
8316-618: The corporation tax already paid by the company paying the dividend. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. Another change saw the single main rate of tax split into three. Tax competition between jurisdictions reduced the main corporate tax rate from 28% in 2008–2010 to a flat rate of 19% as of April 2021. The UK government faced problems with its corporate tax structure, including European Court of Justice judgements that aspects of it are incompatible with EU treaties. Tax avoidance schemes marketed by
8442-411: The corporation tax rate varied between 0% and 19%. Because dividend payments come with a basic rate tax credit, provided the recipient did not earn more than the basic rate allowance, no further tax would be paid. The number of new companies being formed in 2002–2003 reached 325,900, an increase of 45% on 2001–2002. The fact that individuals operating in this manner could potentially pay no tax at all
8568-406: The corporation tax system in various specific areas based directly on the accounting treatment. Total net corporation tax receipts were a record high of £56 billion in 2016–17. Until 1965, companies were subject to income tax on their profits at the same rates as was levied on individual taxpayers. A dividend imputation system existed, whereby the income tax paid by a company was offset against
8694-414: The creditors to postpone the CVA process". In January 2022, Caffè Nero completed a £330m refinancing to give it a platform for future growth and development as well as the ability to resume its new store-opening programme as the business continued its recovery from the effects of the pandemic. In August 2022, Caffè Nero was awarded a Princess Royal Award For Outstanding Workplace Training in recognition of
8820-516: The dark roast style to high quality beans and opened up a small shop in Berkeley, California to educate customers on the virtues of good coffee. Starting in 1967 with the opening of the historic Last Exit on Brooklyn coffeehouse, Seattle became known for its thriving countercultural coffeehouse scene; the Starbucks chain later standardized and mainstreamed this espresso bar model. From
8946-473: The discussion around women as guests of the coffeehouses, it is noted that women did work as waitresses at coffeehouses and also managed coffeehouses as proprietors. Well known women in the coffeehouse business were Moll King (coffee house proprietor) in England, and Maja-Lisa Borgman in Sweden. In most European countries, such as Spain, Austria , Denmark , Germany, Norway , Sweden, Portugal , and others,
9072-561: The distribution of profits, it was hoped companies would retain profits for investment, which was considered a priority after the Second World War. The tax did not have the desired effect, so the distributed profits tax was increased by 20% by the post-war Labour government to encourage companies to retain more of their profits. At the time of Hugh Gaitskell 's 1951 budget, the profits tax was 50% for distributed profits and 10% for undistributed profits. A series of reductions in
9198-577: The dot-com crash of 2000 onwards when the FTSE-100 lost half its value to fall from 6930 at the beginning of 2000 to just 3490 by March 2003. Despite this, critics such as Member of Parliament Frank Field described it as a "hammer blow" and the Sunday Times described it as a swindle, with the hypothetical £1.5 m income described above falling to £1.2 m, a fall in income of 20%, because no tax would be reclaimable. From 6 April 1999 ACT
9324-435: The emergence of circulation and subscription libraries that provided greater access to printed material for the public. The interconnectivity of the coffeehouse and virtually every aspect of the print trade were evidenced by the incorporation of printing, publishing, selling, and viewing of newspapers, pamphlets and books on the premises, most notably in the case of Dick's Coffee House , owned by Richard Pue; thus contributing to
9450-633: The financial sector have also proven an irritant, and been countered by complicated anti-avoidance legislation. The complexity of the corporation tax system is a recognised issue. The Labour government, supported by the Opposition parties, carried through wide-scale reform from the Tax Law Rewrite project, resulting in the Corporation Tax Act 2010 . The tax has slowly been integrating generally accepted accounting practice , with
9576-565: The floor and counter in their Donegall Square West unit in Belfast , despite having previously been awarded a four out of five star rating by inspectors from Belfast City Council. Having been notified of the incident, the store was closed for a full investigation and later reopened; the source of the infestation was an adjacent disused building. A 2017 undercover investigation by the BBC programme Watchdog found trace amounts of faecal bacteria in
9702-463: The great auction houses of Sotheby's and Christie's . In Victorian England, the temperance movement set up coffeehouses (also known as coffee taverns) for the working classes, as a place of relaxation free of alcohol , an alternative to the public house . In 1667, Kara Hamie, a former Ottoman Janissary from Constantinople, opened the first coffee shop in Bucharest (then the capital of
9828-480: The highly popular hibiscus blend ( Egyptian Arabic : karkadeh or ennab ). The first ' ahwah opened around the 1850s and were originally patronized mostly by older people, with youths frequenting but not always ordering. There were associated by the 1920s with clubs ( Cairo ), bursa ( Alexandria ) and gharza (rural inns). In the early 20th century, some of them became crucial venues for political and social debates. In India, coffee culture has expanded in
9954-626: The historic terminology "Schedule A", "Schedule D Case I" etc. with more descriptive terms but this does not affect the substantive application of the schedular system so that, for example, different rules apply for utilising tax losses depending upon the nature of the income under which the losses arises. Most direct expenses are deductible when calculating taxable income and chargeable gains. Notable exceptions include any costs of entertaining clients. Companies with investment business may deduct certain indirect expenses known as "expenses of management" when calculating their taxable profits. A similar relief
10080-592: The iced water used for drinks in Caffè Nero, Starbucks and Costa Coffee . It was suggested that the ice was most likely to have been contaminated by being touched by unclean hands. The three major coffee chains said they were taking steps to deal with the matter. Tony Lewis, head of policy at the Chartered Institute of Environmental Health, urged caution about the BBC's findings, stating: "The public should not panic about this. You can't generalise from
10206-684: The impact of its workplace leader development courses. In May 2023 it was announced that Caffè Nero would run the Nero Book Awards , annual awards in four categories for books published in Britain or Ireland. In October 2024 Caffè Nero bought Nottingham based Coffee 200° making 200° the fifth brand to join the group. Some of the company's stores have had planning permission controversies or enforcement. In December 2011, councillors in Skipton accused Caffè Nero of "bully-boy tactics" following
10332-411: The income tax liability of a shareholder who received dividends from the company. The standard rate of income tax in 1949 was 50%. If the company paid a £100 dividend, the recipient would be treated as if he had earned £200 and had paid £100 in income tax on it – the tax paid by the company fully covered the tax due from the individual on the dividend paid. If, however, the individual was subject to tax at
10458-534: The late 1950s onward, coffeehouses also served as a venue for entertainment, most commonly folk performers during the American folk music revival . Both Greenwich Village and North Beach became major haunts of the Beats , who were highly identified with these coffeehouses. As the youth culture of the 1960s evolved, non-Italians consciously copied these coffeehouses. The political nature of much of 1960s folk music made
10584-529: The listing of stock and commodity prices that evolved into the London Stock Exchange . Lloyd's Coffee House provided the venue for merchants and shippers to discuss insurance deals , leading to the establishment of Lloyd's of London insurance market, the Lloyd's Register classification society , and other related businesses. Auctions in salesrooms attached to coffeehouses provided the start for
10710-406: The majority of corporation tax receipts) were subjected to a quarterly instalments scheme for tax payment. On its introduction in 1965, corporation tax was charged at 40%, rising to 45% in the 1969 Budget . The rate then fell to 42.5% in the second Budget of 1970 and 40% in 1971. In 1973, alongside the introduction of advance corporation tax (ACT), Conservative chancellor Anthony Barber created
10836-479: The mollas and the dervishes are moral lessons, like our sermons, but it is not considered scandalous not to pay attention to them. No one is forced to give up his game or his conversation because of it. A molla will stand up in the middle, or at one end of the qahveh-khaneh, and begin to preach in a loud voice, or a dervish enters all of a sudden, and chastises the assembled on the vanity of the world and its material goods. It often happens that two or three people talk at
10962-435: The music a natural tie-in with coffeehouses with their association with political action. A number of well-known performers like Joan Baez and Bob Dylan began their careers performing in coffeehouses. Blues singer Lightnin' Hopkins bemoaned his woman's inattentiveness to her domestic situation due to her overindulgence in coffeehouse socializing in his 1969 song "Coffeehouse Blues". In 1966, Alfred Peet began applying
11088-645: The name of 'Penny Universities' . Though Charles II later tried to suppress London coffeehouses as "places where the disaffected met, and spread scandalous reports concerning the conduct of His Majesty and his Ministers", the public still flocked to them. For several decades following the Restoration , the wits gathered around John Dryden at Will's Coffee House , in Russell Street, Covent Garden . As coffeehouses were believed to be areas where anti-government gossip could easily spread, Queen Mary and
11214-505: The number of London coffeehouses began to increase, and they also began to gain political importance due to their popularity as places of debate. English coffeehouses were significant meeting places, particularly in London. By 1675, there were more than 3,000 coffeehouses in England. The coffeehouses were great social levelers, open to all men and indifferent to social status, and as a result associated with equality and republicanism. Entry gave access to books or print news. Coffeehouses boosted
11340-499: The old system. Corporation Tax was charged at a uniform rate on all profits, but additional tax was then payable if profits were distributed as a dividend to shareholders. In effect, dividends suffered double taxation. This method of corporation tax is known as the classical system and is similar to that used in the United States. The effect of the tax was to revert to the distribution tax in operation from 1949 to 1959: dividend payments were subject to higher tax than profits retained within
11466-501: The oldest café still functioning, having opened in 1782), Café Tavares , Botequim Parras, among others . Of these several became famous for harbouring poets and artists, such as Manuel du Bocage with his visits to Café Nicola, which opened in 1796 by the Italian Nicola Breteiro; and Fernando Pessoa with his visits to A Brasileira , which opened in 1905 by Adriano Teles. The most famous of these coffee houses
11592-480: The opening of a store without the required planning permission. As of 2014 Caffè Nero had not paid any corporation tax in the UK since 2007 on sales of £2 billion and had been subject to criticism, although the BBC reported that "there is no suggestion that Caffe Nero has done anything illegal" and that "Caffe Nero has previously rejected accusations that its complex corporate structure involving various holding companies
11718-649: The opening of the first coffeehouse ( kiva han ) in Istanbul : Until the year 962 [1555], in the High, God-Guarded city of Constantinople , as well as in Ottoman lands generally, coffee and coffeehouses did not exist. About that year, a fellow called Hakam from Aleppo and a wag called Shams from Damascus came to the city; they each opened a large shop in the district called Tahtakale, and began to purvey coffee. The 17th-century French traveler and writer Jean Chardin gave
11844-723: The other hand, new coffee varieties were always served. In the coffee house, people played cards or chess, worked, read, thought, composed, discussed, argued, observed and just chatted. A lot of information was also obtained in the coffee house, because local and foreign newspapers were freely available to all guests. This form of coffee house culture spread throughout the Habsburg Empire in the 19th century. Scientific theories, political plans but also artistic projects were worked out and discussed in Viennese coffee houses all over Central Europe. James Joyce even enjoyed his coffee in
11970-662: The owner: for instance, the two largest diner-style café chains in Ireland in the 1990s were named "Kylemore Cafe" and " Bewley's Café " – i.e., one written without, and one with, the acute accent. The history of coffee in Portugal is usually told to have begun during the reign of king John V , when Portuguese agent Francisco de Melo Palheta supposedly managed to steal coffee beans from the Dutch East India Company and introduce it to Brazil. From Brazil, coffee
12096-401: The past twenty years. Chains like Indian Coffee House , Café Coffee Day , Barista Lavazza have become very popular. Cafes are considered good venues to conduct office meetings and for friends to meet. In China, an abundance of recently started domestic coffeehouse chains may be seen accommodating business people for conspicuous consumption , with coffee prices sometimes even higher than in
12222-410: The popularity of print news culture and helped the growth of various financial markets including insurance, stocks, and auctions. Lloyd's of London had its origins in a coffeehouse run by Edward Lloyd, where underwriters of ship insurance met to do business. The rich intellectual atmosphere of early London coffeehouses was available to anyone who could pay the sometimes one penny entry fee, giving them
12348-530: The profits tax were brought in from 1951 onwards by the new Conservative government. The tax rates fell to 22.5% on distributed profits and 2.5% on undistributed profits by 1957, but the profits tax was no longer income tax-deductible. Derick Heathcoat-Amory 's Budget of March 1958 replaced the differential profits tax with a single profits tax measure, applicable to both retained and distributed profits. This gradual decrease, and final abolition, of taxes on capital distributions reflected ideological differences between
12474-440: The recipient company was not taxed on that dividend receipt, except for dealers in shares and life assurance companies in respect of some of their profits. As the payor company would have suffered tax on the payments it made, the company that received the dividend also received a credit that it could use to reduce the amount of ACT it itself paid, or, in certain cases, apply to have the tax credit repaid to them. The level of ACT
12600-579: The return. This period is extended if the return is filed late. The enquiry continues until all issues that HMRC wish to enquire about a return are dealt with. However, a company can appeal to the Commissioners of Income Tax to close an enquiry if they feel there is undue delay. If either side disputes the amount of tax that is payable, they may appeal to either the General or Special Commissioners of Income Tax. Appeals on points of law may be made to
12726-429: The rewrite project. Originally introduced as a classical tax system, in which companies were subject to tax on their profits and companies' shareholders were also liable to income tax on the dividends that they received, the first major amendment to corporation tax saw it move to a dividend imputation system in 1973, under which an individual receiving a dividend became entitled to an income tax credit representing
12852-538: The rise of the Internet café along similar principles. The most common English spelling of café is the French word for both coffee and coffeehouse; it was adopted by English-speaking countries in the late 19th century. The Italian spelling, caffè , is also sometimes used in English. In Southern England , especially around London in the 1950s, the French pronunciation was often facetiously altered to / k æ f / and spelt caff . The English word coffee and French word café (coffeehouse) both derive from
12978-561: The rising use of mobile computers. Computers and Internet access in a contemporary-styled venue help to create a youthful, modern place, compared to the traditional pubs or old-fashioned diners that they replaced. Coffeehouses in Egypt are colloquially called ' ahwah /ʔhwa/ , which is the dialectal pronunciation of قَهْوة qahwah (literally "coffee") ( see also Arabic phonology#Local variations ). Also commonly served in ' ahwah are tea ( shāy ) and herbal teas , especially
13104-571: The same characteristics of a bar or restaurant, but it is different from a cafeteria. Many coffeehouses in West Asia offer shisha (actually called nargile in Levantine Arabic , Greek , and Turkish ), flavored tobacco smoked through a hookah . An espresso bar is a type of coffeehouse that specializes in serving espresso and espresso-based drinks. From a cultural standpoint coffeehouses largely serve as centers of social interaction:
13230-483: The same time, one on one side, the other on the opposite, and sometimes one will be a preacher and the other a storyteller. In the 17th century, coffee appeared for the first time in Europe outside the Ottoman Empire , and coffeehouses were established, soon becoming increasingly popular. The first coffeehouse is said to have appeared in 1632 in Livorno , founded by a Jewish merchant, or later in 1640, in Venice . In
13356-427: The seventh, tenth, thirteenth and sixteenth month after the accounting period starts, they will be required to consolidate their third and fourth payments and pay them in the thirteenth month, creating a cash flow advantage for the government. Finance (No. 2) Act 2005 continued measures specifically relating to life assurance companies. When originally announced (as Finance (No.3) Bill 2005) Legal & General told
13482-521: The shareholder was less than the corporation tax paid (corporation tax was higher than the standard rate of income tax, but the imputation, or set-off, was only of standard rate tax). When companies made distributions, they also paid the advance corporation tax (known as ACT), which could be set off against the main corporation tax charge, subject to certain limits (the full amount of ACT paid could not be recovered if significantly large amounts of profits were distributed). Individuals and companies who received
13608-415: The signature coffee house blend – Classico – was introduced, and has gone on to receive awards for its quality. The Classico blend is still served in every store today. In March 2001, Caffè Nero joined the London Stock Exchange under the symbol CFN. In early 2007, the company was the subject of a management buy-out by the newly formed Rome Bidco Ltd and taken private. The company expanded to Turkey in 2007,
13734-427: The small companies rate, with 34,000 benefiting from marginal relief. 264,000 were in the starting rate, with 269,000 benefiting from the lower band of marginal relief. The total revenue was £41.9bn from 831,885 companies. Only 23480 companies had a liability in excess of £100,000. HMRC has one year from the normal filing date, which is itself one year after the end of the period of account , to open an enquiry into
13860-985: The small sample size." In June 2018, Polish State Sanitary Inspectorate and media reported 63 adults and 10 children having been poisoned (21 of whom were hospitalized) after eating salmonella -contaminated cakes served in a number of Caffè Neros in Warsaw , Kraków and Wrocław . Coffeehouse A coffeehouse , coffee shop , or café ( French: [kafe] ), is an establishment that serves various types of coffee, espresso , latte , americano and cappuccino . Some coffeehouses may serve cold beverages, such as iced coffee and iced tea , as well as other non-caffeinated beverages. A coffeehouse may also serve food, such as light snacks, sandwiches, muffins , cakes, breads, donuts or pastries . In continental Europe, some cafés also serve alcoholic beverages. Coffeehouses range from owner-operated small businesses to large multinational corporations . Some coffeehouse chains operate on
13986-474: The term café means a restaurant primarily serving coffee, as well as pastries such as cakes, tarts , pies , or buns . Many cafés also serve light meals such as sandwiches . European cafés often have tables on the pavement (sidewalk) as well as indoors. Some cafés also serve alcoholic drinks (e.g., wine), particularly in Southern Europe. In the Netherlands and Belgium, a café is the equivalent of
14112-445: The time, or in instances of fraud or negligence. In fraud or negligence cases, they can re-open cases from up to 20 years ago. After an HMRC enquiry closes, or after final determination of an issue by the courts, the taxpayer has 30 days to amend their return, and make additional claims and elections, if appropriate, before the assessment becomes final and conclusive. If there is no enquiry, the assessment becomes final and conclusive once
14238-492: The treasury (as opposed to taxpayers who could deduct it from their tax bill), the 20% ACT (which would have previously been deducted from the dividend before payment) was no longer levied. ACT that had been incurred prior to 1999 could still be set off against a company's tax liability, provided it would have been able to set it off under the old imputation system. In order to keep the stream of payments associated with advance corporation tax payment, 'large' companies (comprising
14364-510: The type of clientele they attracted, and their free and frank discourse. Coffeehouses in Mecca became a concern of imams who viewed them as places for political gatherings and drinking, leading to bans between 1512 and 1524. However, these bans could not be maintained, due to coffee becoming ingrained in daily ritual and culture among Arabs and neighboring peoples. The Ottoman chronicler İbrahim Peçevi reports in his writings (1642–49) about
14490-443: The £30 tax paid by the company. The set-off was only partial, since the company would pay 52% tax (small companies had lower rates, but still higher than the ACT rate), and thus the £70 received by the individual actually represented pre-tax profits of £145.83. Accordingly, only part of the double taxation was relieved. ACT was not payable on dividends from one UK company to another (unless the payor company elected to pay it). Also,
14616-458: The £70 cash payment, plus a tax credit of £30; thus, the individual would be deemed to have earned £100, and to have already paid tax of £30 on it. The ACT paid by the company would be deductible against its final "mainstream" corporation tax bill. To the extent that the individual's tax on the dividend was less than the tax credit – for example, if his income was too low to pay tax (below £595 in 1973–1974 ) – he would be able to reclaim some or all of
14742-418: Was abolished, and the tax credit on dividends was reduced to 10%. There was a matching reduction in the basic income tax rate on dividends to 10%, while a new higher-rate of 32.5% was introduced which led to an overall effective 25% tax rate for higher rate taxpayers on dividends (after setting this "notional" tax credit against the tax liability).While non-taxpayers were no longer able to claim this amount from
14868-400: Was advantageous for taxpayers to argue that a receipt was non-taxable "capital" rather than taxable "revenue". The basic structure of the tax, where company profits were taxed as profits, and dividend payments were then taxed as income, remained unchanged until 1973, when a partial imputation system was introduced for dividend payments. Unlike the previous imputation system, the tax credit to
14994-731: Was done. In the 1780s, Merchant's Coffee House located on Wall Street in New York City was home to the organization of the Bank of New York and the New York Chamber of Commerce . Coffeehouses in the United States arose from the espresso - and pastry-centered Italian coffeehouses of the Italian American immigrant communities in the major U.S. cities, notably New York City's Little Italy and Greenwich Village , Boston's North End , and San Francisco's North Beach . From
15120-417: Was due unless HMRC raised an assessment on a company. Companies were, however, obliged to report certain details to HMRC so that the right amount could be assessed. This changed for accounting periods ending on or after 1 July 1999, when self-assessment was introduced. Self-assessment means that companies are required to assess themselves and take full responsibility for that assessment . If the self-assessment
15246-440: Was felt by the government to be unfair tax avoidance, and the 2004 Budget introduced a Non-Corporate Distribution Rate. This ensured that where a company paid below the small companies' rate (19% in 2004), dividend payments made to non-corporates (for example, individuals, trusts and personal representatives of deceased persons) would be subject to additional corporation tax, bringing the corporation tax paid up to 19%. For example,
15372-522: Was increased from 19% to 20% from April 2007, 21% in April 2008, to stop "individuals artificially incorporating as small companies to avoid paying their due share of tax, a practice if left unaddressed would cost the rest of the taxpaying population billions of pounds". The rate of corporation tax is determined by the financial year, which runs from 1 April to the following 31 March. Financial year FY17 started on 1 April 2017 and ends on 31 March 2018. Where
15498-408: Was linked to the basic rate of income tax between 1973 and 1993. The March 1993 Budget of Norman Lamont cut the ACT rate and tax credit to 22.5% from April 1993, and 20% from April 1994. These changes were accompanied with a cut of income tax on dividends to 20%, while the basic rate of income tax remained at 25%. Persons liable for tax were lightly affected by the change, because income tax liability
15624-424: Was still balanced by the tax credit received, although higher rate tax payers paid an additional 25% tax on the amount of the dividend actually received (net), as against 20% before the change. The change had bigger effects on pensions and non-taxpayers. A pension fund receiving a £1.2 m dividend income prior to the change would have been able to reclaim £400,000 in tax, giving a total income of £1.6 m. After
15750-545: Was taken to Cape Verde and São Tomé and Príncipe , which were also Portuguese colonies at the time. Although, coffee already existed in Angola , already introduced by Portuguese missionaries . During the 18th century, the first public cafés appeared, inspired by French gatherings from the 17th century, becoming spaces for cultural and artistic entertainment. Several cafes emerged in Lisbon such as: Martinho da Arcada (being
15876-573: Was the Café Marrare , opened by the napolitan Antonio Marrare, in 1820, frequently visited by Júlio Castilho , Raimundo de Bulhão Pato , Almeida Garrett , Alexandre Herculano and other members of the Portuguese government and the intelligentsia . It began its own saying: « Lisboa era Chiado , o Chiado era o Marrare e o Marrare ditava a lei » (English: "Lisbon was the Chiado, the Chiado was
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