VAT

VAT rise inevitable?

2010-05-13 13:46
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Finance professionals have been predicting it since the last Budget and now a BBC survey of 28 Treasury appointed economists has found that 24 expect the rate to increase in the emergency Budget to be delivered in the next 50 days.

Higher taxes, tougher cuts needed to compensate for Labour's over-optimistic economic policies

2010-04-30 12:55
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Tax has to go up and spending cuts need to be tougher to make up for Labour's management of the economy, argues the National Institute for Economic and Social Research.

Budget 2010: bottled or bullish?

2010-03-08 11:27
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The Budget could be a time for decisive tax action to restore business confidence – unless the government bottles it, says Baker Tilly’s George Bull.

VAT increase inevitable after General Election

2010-02-22 13:18 - 4 comments
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Current trends and the lessons of the past indicate that a 2.5% rise in VAT is almost inevitable after the general election no matter which party win...

BAA VAT victory could cost HMRC £100 million

2010-02-15 11:06 - 3 comments
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BAA's victory over HMRC at a recent VAT tribunal is set to cost the exchequer £100 million as other companies claim back VAT on the cost of buy...

Bingo! Rank wins VAT compensation claim against HMRC

2009-12-17 15:34 - 2 comments
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Leisure group Rank will be requesting £25.9 million of overpaid VAT to HMRC following a ruling by the VAT and Duties Tribunal that the company ...

UK inflation jumps to 1.5% but CEBR expects 3%

2009-11-17 11:49
UK inflation jumped to 1.5% from a five-year low and the CEBR is says it will soon rise to 3%. “The danger for the UK economy is if rising ...

VAT in a digital world

2009-11-16 13:49
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All businesses with turnover of £100,000 or more will be required to file and pay VAT by electronic methods from April 2010.

The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more