VAT

Clarification of VAT rules on buying insurance

A Court of Appeal decision has resulted in changes to and clarification of what constitutes exempt introductory services in connection with a supply of insurance.

VAT rise likely to fuel inflation

The decision to raise the standard rate of VAT from 17.5 per cent to 20 per cent next year will be a significant driver behind a stubborn rate of inflation, the Bank of England has said.

New VAT rules for the treatment of holiday homes

Private individuals building their own new dwellings are able to claim VAT on the goods they buy for the purpose.

VAT increase could be 'detrimental'

As many as one in three firms are worried that the planned increase in VAT could have an adverse effect on their business, a new survey has claimed.

Tax measures will hit consumer budgets

The effects of the emergency Budget will be felt adversely by most households and consumers in the UK, a leading economics group has predicted.

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