Any VAT changes should be 'smart'

A leading UK retailer has called on the government to structure any rise in VAT in a “smart” way.

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Economic recovery remains 'fragile'

The UK’s economic recovery, although in progress, is fragile and could be put at risk by the eurozone debt crisis and turmoil in the financial markets, the British Chambers of Commerce (BCC) has warned.

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VAT hike could 'harm' the economy

An increase in VAT to 20 per cent could lead to job losses and could have an adverse impact on the economy, a leading business group has claimed.

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Sports related services – changes to the VAT exemption

Following the ECJ judgment in Canterbury Hockey Club (C-253/07), there will be changes to the exemption for sports related services from 1 September 2010, mainly affecting affiliation fees from governing bodies to member clubs.

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Inflation and VAT concerns make life worse for savers

News that the UK consumer price index rate of inflation made a surprise jump to 3.7 per cent last month will add to the discomfort of the nation’s savers.

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VAT increase may be on the agenda

The plans laid out by the new coalition government could mean a rise in taxes, with VAT a favourite target, experts have warned.

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When cheque payments are 'received' by HMRC

These days, most payments of VAT to HMRC by taxpayers are made electronically but cheque payments are still allowed in certain circumstances, notably by small, already registered businesses with annual VAT-exclusive turnover of less than £100,000, which continue to file paper returns.

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