VAT

Businesses reminded of imminent VAT rise

Businesses are being urged to ready themselves for the increase in the standard rate of VAT set for 4 January.

New VAT rate could be here to stay

The new standard rate of VAT could become a permanent feature of the business landscape.

VAT rise splits business response

There is a mix of strategies among business for dealing with the hike in VAT that is due to take effect as from 4 January next year.

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.

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