Tags » VAT

GST proposal: In tune with today's India

GST, much needed uniform tax reform,was introduced mid of last year. There have been controversies, due to genuine reasons as well as political ones. Some in opposition demanded single GST rate which is not at all feasible in a complex country like ours. 457 more words


EU Proposed Changes to VAT

The EU is looking to introduce more flexibility with the setting of VAT. The VAT rules have been in place since 1992 and it is felt they are now out of date. 147 more words

Orkney News

Withholding VAT Mechanism in Turkey

According to VAT Law Article 8, VAT liability is originally on;

  • seller of the product or provider of the service
  • importer of goods or services…
  • 905 more words

VAT is this?!

In the first quarter of 2017, talks about VAT being introduced in the UAE, and other parts of the GCC caused quite a stir among the residents- expats and locals alike- and for good reason. 961 more words


EU more flexibility to set VAT for SMEs

The European Commission has today proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. 190 more words


HMRC Lose VAT on BPS Appeal

Following an unsuccessful appeal by HMRC, farmers should be able to continue to reclaim VAT against purchases of Basic Payment Scheme (BPS) entitlements.

HMRC argued against farmer, Frank Smart, that the VAT incurred on the purchase of his BPS entitlements had a direct and immediate link to the subsidies which the taxpayer earned as a result. 157 more words


How has VAT affected us in the U.A.E?

VAT in the UAE was a huge turnover for each and every citizen. Just a month before the new year, all wholesale and retail stores were crammed with consumers restocking their homes in bulk. 245 more words

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