Tags » VAT

Closing VAT loopholes for sales through online platforms

This article is brought to you in association with the European Parliament.

MEPs on Thursday voted on measures specifying how large online platforms are to contribute to closing loopholes that hinder the collection of VAT. 432 more words

The European Sting

House okays bill for VAT increase

The House of Representative on Wednesday passed for second reading a bill seeking to increase the Value Added Tax (VAT) in the country from 5 percent to 7.5 percent. 35 more words

News

Who Is Responsible in the Eyes of HMRC?

Where a VAT registered business entrusts an agent to act on their behalf, and an error occurs, who should HMRC hold as responsible?

HMRC’s internal guidance regarding penalties is contained in their Compliance Handbook. 164 more words

VAT

PDP To Senate: Don’t Pass VAT Increase Bill Rejected By Nigerians

The Peoples Democratic Party (PDP) urges the Senate to assert its independence and refuse to allow the President Muhammadu Buhari-led executive to railroad it into passing the anti-people Value Added Tax (VAT) increase bill, which has been rejected by Nigerians. 264 more words

News

When is a van not a van?

HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important… 533 more words

Tax

VAT on High Court Fees- an update

The issue raised in my previous posting, Taxing Timeshave been resolved, it seems, and in the debtor’s favour.

On October 15th a question was asked in the House of Lords by Lord Stevenson of Balmacara: 365 more words