VAT

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.

HMRC looking to accelerate VAT registration rates

HM Revenue and Customs (HMRC) is to investigate how to improve still further the system for dealing with applications from businesses wishing to register for VAT.

HMRC gives reminder on changes to tax payments

HM Revenue and Customs (HMRC) has reminded businesses that a number of important changes to the way that taxes are paid come into effect this month.

First dip in household disposable income in three decades

The extent of the challenges facing the UK economy were set in perspective with the news that take home pay for the average British household fell last year for the first time since 1981.

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