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United Arab Emirates to introduce VAT

The UAE Ministry of Finance has conducted feasibility studies on the implementation of a VAT draft law. These studies on taxation and its social and economic implications were conducted for the following years: 2008, 2010, 2012 and 2014.  104 more words


Column: Breaking the GST impasse | GSTsite

The GST debacle in the Rajya Sabha is unfortunate. India badly needs GST to revive its economy and to simplify and rationalise the complex structure of taxes at the Centre and state levels. 879 more words


Government not getting positive signals on GST from Congress: Arun Jaitley

NEW DELHI: Finance Minister Arun Jaitley today said that government was in discussions with Congress for its support on passage of the constitution amendment bill on Goods and Services Tax (GST) but 281 more words


Centre to review GST preparedness with state governments: Revenue Secretary Hasmukh Adhia

The Centre on Tuesday said it will review the preparedness to roll out the much-pending goods and services tax with state governments across the country, a show of confidence by the government in implementing the uniform tax proposal despite the bill still being stuck for parliamentary nod. 271 more words

Goods & Service Tax

LibDems and Cut in VAT on Tourism

The LibDems are debating a cut in VAT on tourism at their Bournemouth conference later this month. The idea is cutting the rate of VAT from a standard 20% to the reduced rate of 5% on tourist accommodation and attractions will boost the economy and eventually be fiscally neutral through overall growth. 39 more words

Tax And Accounting News

New penalties to be introduced alongside National Living Wage

New penalties for non-payment of the National Minimum Wage and the new National Living Wage are set to be introduced next year, under Government plans. 198 more words

Would you like to pay less VAT? have you tried Flat Rate?

Google Docs Link https://docs.google.com/spreadsheets/d/1NyVN2XW3hjpcAYFdjGPCrbeMa-HyfOcgy3eKnNj2wi0/edit#gid=68376799

Usually, how much VAT a business pays or claims back from HM Revenue and Customs (HMRC) is the difference between the VAT they charge customers and pay on their purchases. 176 more words

Bicknell Business Adviser