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Over the weekend Barclays bank and its 1% Corporation Tax charge has been hot news.

To be honest, I was tempted to ring up their accountants and join up myself – after all money is money, and I know when I’m out classed in the tax savings wheezes department.

Except, you know how it is, when something looks to good to be true, it probably is – and thats the case here.

I was going to do a little post breaking the figures down and showing how 28% becomes, legitimately, 1%, but Guido Fawkes has already done the task for me as has FCA blog

Moral is, I guess, don’t beleive everything in the newspapers.