VAT

Pushing up VAT threshold would boost employment

Some 35,000 extra jobs could be created if the threshold at which small firms pay VAT is lifted, a leading business group has claimed.

Medium-term growth positive, but VAT may hit immediate recovery

The British Chambers of Commerce (BBC) has issued its latest economic forecast and has said that the UK economy should experience an upturn in growth in 2012.

Online recommendations receive guarded welcome from tax group

The government’s response to a report on improving its online services has won the qualified welcome of the Chartered Institute of Taxation (CIOT).

VAT rise may hit growth

Next year’s increase in VAT may have an adverse affect on the recovery.

Timing of the Chancellor’s autumn statement uncertain

The government has ruled out an official pre-Budget Report for this year, but has suggested that the Chancellor may make an autumn statement.

Reform the tax system, urges review

The government should consider a broad reform of the UK tax system, including an extension of the number to goods on which VAT is charged, a think tank has argued.

Chancellor sets 2011 Budget date

Next year’s Budget will be delivered on 23 March.

VAT rise and spending cuts to push up job losses

The increase in VAT to 20 per cent and the reductions in public spending announced by the government could mean the loss of as many as 1.6 million jobs, the Chartered Institute of Personnel and Development (CIPD) has claimed.

Drop in time-to-pay agreements

There has been a decline in the numbers of agreements made between HM Revenue and Customs (HMRC) and firms under the Business Payment Support Service scheme.

Businesses reminded of looming VAT increase

There are now only two months remaining before the standard rate of VAT climbs from 17.5 per cent to 20 per cent, and VAT-registered businesses are being urged to ready themselves for the change.

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