Tags » VAT

VAT and Prompt payments discounts

Businesses which currently offer prompt payment discounts (PPD) to their customer need to be aware that there are some changes ahead to the rules.

Currently under the UK law VAT is payable on the net amount after deducting the discount, whether or not the customer takes advantage of the PPD and pays promptly. 245 more words


VAT rate puts British tourism at disadvantage says Merlin's Nick Varney...

Leisure Management reports:

In the wake of a new report which says cutting the value added tax VAT rate on visitor accommodation and attractions would massively boost the UK’s tourism economy, Merlin CEO Nick Varney has said that the current VAT rate is at present a “disadvantage” to British tourism.

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The Real Cost(a) Coffee


Terrible pun.

Before I get on with today’s blog I want to congratulate myself because I proved to myself that I have learnt the lesson mentioned in  844 more words

Days 1-7

Slovak Republic: Amendments to the VAT Act

The president of Slovak Republic has signed the law on July 25, 2014 regarding changes to the Value Added Tax Act and this law will… 7 more words


Croatian hotels want VAT reduced to 5%

Croatia’s hospitality industry wants the Croatian government to reduce Value Added Tax on tourist accommodation from 13% to 5% which would attract investment of 15 billion kuna and create 11,000 new jobs. 104 more words


Horses for courses: why oversimplifying the “tax competition” debate does no-one any favours

By Jason Piper, tax and business law manager, ACCA

Among the themes covered in the ongoing debates around BEPS and international tax, there’s been a strand of discussion around “tax competition” – the practice by governments of attempting to make their jurisdiction look more attractive than others by reducing the tax burden on businesses. 797 more words


VAT crisis for Stalls, Car Boots, Serviced Offices and Markets

Until now the hire of stalls and other pitches used for temporary sales events have generally been considered to be the supply of land and exempt from VAT in accordance with Item 1, Group 1, Scedule 9 VAT Act 1994 and… 125 more words