Tags » VAT

National Living Wage will have 'negative impact' on hiring, says FSB

A survey released by the Federation of Small Businesses (FSB) has revealed that a significant amount of small firms are concerned about the potential impact that the new National Living Wage (NLW) will have on their businesses. 287 more words

BEPS: Indirect tax impact

EY’s Global Tax Alert highlights the indirect tax consequences resulting from final guidance of the BEPS Action Items:


Key observations:

  • Interaction of Article 1 (Digital Economy) and Article 7 (PE) may create a wider gap for findings of a indirect tax “fixed establishment” and a direct tax “permanent establishment” (PE), although some countries do not respect such distinction.  
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Tax Risk Management

ECJ: Request for preliminary ruling on apportionment of expenses for VAT deduction

Many businesses make some supplies that are VAT exempt and the input tax relating to these supplies cannot be deducted in the VAT return. If a business is making both exempt and taxable supplies the input tax relating to the exempt supplies cannot be deducted and a basis must be found for apportioning the total expenses between those on which input tax can be deducted and those in connection with which no input tax deduction is possible. 189 more words


France - reduction of the VAT threshold for distance sales as from 1 January 2016 suggested

On 30 September 2015 the French government presented the draft of the Finance Act for 2016. The most interesting piece seems to be reduction of  the VAT threshold for distance sales made in France by a supplier established in another EU Member State from EUR 100’000 to EUR 35’000 (article 3 of the Bill). 32 more words


'Delivery is what counts' - business groups react to Prime Minister's conference speech

Following David Cameron’s first major speech as leader of a majority Conservative government, business groups including the Confederation of British Industry (CBI) and the British Chambers of Commerce (BCC) have stressed the importance of delivering practical reforms to encourage enterprise. 380 more words

GST – What it could mean for you?

The Goods and Services Tax is one of the biggest reform agendas of the BJP government. The Finance Minister has indicated that it can raise India’s GDP by one to two per cent per annum, which is very substantial. 728 more words

Financial Planners

CBI welcomes changes to business rates

Both the CBI and the Local Government Association (LGA) welcomed the proposals unveiled by Chancellor George Osborne to give councils in England the authority to alter the level of business rates in their area, and the opportunity to keep all of the proceeds of those rates. 344 more words