VAT rise cost businesses as much as decrease

The cost to business of the increase in VAT to 17.5 per cent in January was as high as the earlier drop to 15 per cent, a new survey has found.

Tax and regulation reform must be central to spending review

Streamlining the business tax system and simplifying the regulatory regime must form the core of the government’s comprehensive spending review, a business group has argued.

Business views sought on changes to customs law

HM Revenue and Customs (HMRC) has created a questionnaire allowing firms, particularly smaller businesses, to share their views on changes to customs laws.

VAT may be pushing up prices earlier

Some businesses may be looking at raising their prices sooner rather than later in anticipation of the VAT hike set for January next year.

Tax gap widens

The amount of uncollected tax rose in the last financial year.

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