Tags » VAT

Green Party will Cut VAT on Housing Repairs and Renovations

The Green Party has  pledged to cut VAT on housing repairs and renovations. Currently the VAT rate on repairs and renovations is 20% but, with the UK’s housing stock in desperate need of improvements such as insulation, a coalition led by the Federation of Master Builders (FMB) has been calling for a reduction to 5%, the lowest level allowed by European rules. 454 more words

National Greens

M&A Integration and Indirect Tax: managing the moving parts before, during, and after a transaction

The aim is to provide insight into these risks and build into the contract adequate coverage in case risk history repeated itself. Armed with this information, the buyer can negotiate a reduction of the selling price or secure indemnification from the identified risk. 63 more words


UK inflation remains at 0% but analysts dismiss fears of deflation

Official figures from the Office for National Statistics (ONS) show that the UK’s inflation rate remained at a record low of 0% in March.

It is the second successive month that Consumer Prices Index (CPI) inflation has been at zero – and February’s figure was the lowest since estimates of the measure began in the late 1980s. 237 more words

IMF issues warning over UK deficit

16 Apr 2015

As political parties continue to put forward their pledges ahead of the forthcoming General Election, the International Monetary Fund (IMF) has warned that the next Government could face difficulties balancing the public finances, forecasting that the economy will still be in deficit in the final year of the next Parliament. 101 more words

Destination Wednesday: Get Your VAT Tax Back, America!

By Lisa Bellavin

Here’s something you might not have known: As a visitor to Europe, you don’t necessarily need to pay sales tax while traveling. If you live outside the EU and will be returning to your home country, you’re eligible for a refund on a lot of the sales tax you’ve paid during your trip. 659 more words


Tax Disc to Online “Glitch” Costing Motorists

The changes form the old paper tax disc for the car to the new online system is costing motorists with more cars reported being towed away. 173 more words

Tax And Accounting News

Distribution of the VAT Burden in Poland by Income Group and Demographic Characteristics

Authors: Michal Myck and Monika Oczkowska, CenEA.

The Value Added Tax (VAT) is the main source of revenue for the public budget in Poland. Though issues regarding VAT rates or tax settlement mechanisms are brought into the public debate in Poland on a regular basis, little is still known on the distribution of the VAT burden among Polish households. 1,974 more words