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VAT

Some Royal Mail services to be subject to standard rate of VAT

An interesting, albeit minor, change to the treatment of postal services was announced towards the end of 2009, although it has not as yet been implemented.

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New VAT rules could be a burden for some UK firms

A major change to the way that VAT is charged across the EU could impose extra admin costs on UK firms.

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Tax rises 'dampen' consumer optimism

Prospective tax rises and the return of VAT to the old rate of 17.5 per cent may have had an adverse effect on consumer confidence.

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Online shopping receives tax boost

Shoppers in the UK who buy goods on the internet from countries outside the EU can now spend more without being liable to customs duty.

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New EU VAT rules could add to admin burden

UK firms could face additional administrative costs as a result of changes to the EU’s VAT rules.

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VAT rate change 'creates' consumer rush

The post-Christmas surge in shopper activity should not be mistaken for a return to consumer confidence, a research group has warned.

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'Time to pay' scheme might become more demanding

Firms that want to agree an extended timetable for paying their tax bills under the Business Payment Support Service might be faced with more stringent questioning from HM Revenue and Customs.

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Changing back to the old rate of VAT

On 1 January 2010, the standard rate of VAT reverts to 17.5 per cent after a period of 13 months at 15 per cent.

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Businesses get extra time to update VAT prices

Businesses are to get additional time in which to update price labels after the rate of VAT reverts to 17.5 per cent.

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Pre-Budget Report 2009: business reaction

Business groups greeted the Chancellor’s pre-Budget Report with a mixture of encouragement and dismay.

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