VAT

Reduce VAT to help improve economic growth

A leading business group has urged a targeted cut in VAT to boost business performance.

HMRC pushes on with VAT campaign

HM Revenue and Customs (HMRC) is in the process of sending out some 40,000 letters to businesses that may have failed to register for VAT when the law requires them to have done so.

Consultation to be held on VAT cost sharing exemption

The Government wants to hear the views of businesses and organisations on plans to make use of the VAT cost sharing exemption.

VAT increase helps to pull back public borrowing

Public sector borrowing dropped back last month, aided in part by the additional tax revenues generated by the rise in VAT.

HMRC to extend its tax campaigns

HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes.

HMRC plans VAT crackdown

HM Revenue and Customs (HMRC) has said that it will be launching a campaign to target businesses that are trading above the VAT threshold but have not registered for the tax.

Small business tax administration to come under review

The Treasury has asked the Office of Tax Simplification (OTS) to look at how the system of tax administration for smaller businesses works.

HMRC announces single process for tax checks

HM Revenue and Customs (HMRC) has said that it is planning trials which will streamline and simplify the process under which tax compliance checks are conducted.

European proposals on VAT raise concerns

Plans by the European Commission to drop certain reduced rates of VAT have been criticised by the Institute of Directors (IoD).

Royal Wedding means change to VAT return date

The Royal Wedding on 29 April has been declared a bank holiday. As a consequence, there will be an impact on the timing of paper VAT returns.

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