Mid Ulster District Council has won a VAT case which could see councils in Northern Ireland receive up to £50m in rebates on admission charges to their leisure facilities.
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
Chancellor Rishi Sunak has confirmed the government is to waive duties and VAT on medical imports from outside the EU, in response to the coronavirus pandemic.
The assignation of almost £6bn in VAT revenues to the Scottish Government could be undermined by the “disappointing” failure of HMRC to produce timely data, Scotland’s official forecaster has warned.
The government has swiftly brought in measures to stop a renewable energy sector VAT fraud - one of a range of scams costing EU states an estimated €50bn each year.
The assignation of almost £6bn in VAT revenues to the Scottish Government is to be put on hold due to concerns that volatile estimates of tax receipts would pose an “enormous risk” to the Scottish...
The assignation of VAT revenues to the Scottish Government could expose the Scottish budget to risk because of the difficulty in producing robust estimates, tax experts have warned.
Inconsistent and inadequate data and tools are hampering the European Union’s ability to counter intra-community VAT fraud, which costs the bloc at least €60bn every year, auditors have warned.
