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
Tags » VAT
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