The former Minister of Foreign Affairs and Leader of Government Maxine McClean and Leader of government business in the last administration made a very interesting contribution to the radio talk show Brasstacks on the 8 August 2019. 85 more words
Tags » VAT
This article appeared originally in Gulf News: link to original article
In 2018, the UAE’s Gross Domestic Product (GDP) was estimated at $414 billion. It was in the same year that a value-added tax (VAT) of 5 per cent was introduced for the first time, with a targeted revenue of Dh12 billion. 942 more words
These possible policies include cuts to Britain’s corporation tax, value added tax (VAT), and even cutting all of Britain’s tariffs to zero .
Other proposals being considered by Project After, alongside its proposed tax cuts, include massive increases in government spending, subsidies to key industries, and the raising of additional government revenue through the… 958 more words
From 1 October 2019 a reverse charge for VAT will apply to building and construction services. It will affect you if your business makes or receives supplies which are covered by HMRC’s construction industry scheme (CIS) and you are registered for VAT. 539 more words
From Oct 01, 2019, VAT-registered subcontractors in the building trade are no longer allowed to charge VAT to VAT-registered contractors.
Note that the end-user customers you provide services to are not affected so you must carry on charging them VAT. 139 more words
The Federation of Master Builders (FMB) has urged the government to delay ‘disruptive’ VAT changes in order to ‘avoid construction chaos’.
The VAT domestic reverse charge for building and construction services comes into effect from 1 October 2019. 220 more words