Tags » VAT

VAT Flat Rate Scheme - Completing the return.

The flat rate scheme is designed to simplify the VAT accounting process for small businesses with taxable turnover of £150,000 or less (as at May 2016). 460 more words


INDIA moves to GST: Exit for CST, VAT..Entry for CGST, SGST & IGST.

The Goods and Services tax is the biggest indirect tax reform since 1947 and it has potential to lead the economic integration of India. This Monsoon session of Parliament might succeed in passing the GST Bill. 1,636 more words

Egypt VAT newsalert July 2016

The Egyptian Government is planning to adopt a fully-fledged Value Added Tax (VAT) System, which will replace the current General Sales Tax (GST) System. We understand taht the VAT draft law has now been sent to Parliament for endorsement and we expect it to be released in the coming weeks. 19 more words

Tax Knowledge

HMO Landmark VAT Case allowing Zero Rating

This is definitely a case which will be of interest to anyone converting commercial property to residential use.

The case is Capital Focus Limited v HMRC TC05193 Appeal number TC/2015/04891… 138 more words

Bicknell Business Adviser

The VAT-Free Diet

Now for a change of tone. When you examine your supermarket receipt, some of the prices may have a star next them. This means that the item incurs VAT. 717 more words