Infosys admits appeal against UK tax assessment, says report

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

Press Trust of India Mumbai
Bengaluru-based Infosys is considered the industry’s weathervane. (Photo: Bloomberg)

Photo: Bloomberg

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 here are flagging that the firm co-founded by British Prime Minister Rishi Sunak's father-in-law, Narayana Murthy, was contesting a GBP 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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Also Read

'Proud of him', says Infosys founder Narayana Murthy on Rishi Sunak

What challenges await Rishi Sunak as the new PM of the UK?

Rishi Sunak's wife earned Rs 126.61 cr dividend income from Infosys in 2022

UK PM Sunak: Tharoor stirs Twitter storm after 'visible minority' remark

Rishi Sunak inching closer to become first Indian-origin UK PM on Diwali

MGL slashes CNG price by Rs 2.50 per kg; leaves PNG prices unchanged

Zoho Corp eyes $1 billion revenue from ManageEngine in next 2-3 years

Income tax department conducts survey action against drug major Cipla

Tata Motors raises final tranche of Rs 3,750 crore from TRG Rise Climate

Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

First Published: Jan 31 2023 | 9:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to