VAT

Business views sought on changes to customs law

HM Revenue and Customs (HMRC) has created a questionnaire allowing firms, particularly smaller businesses, to share their views on changes to customs laws.

VAT may be pushing up prices earlier

Some businesses may be looking at raising their prices sooner rather than later in anticipation of the VAT hike set for January next year.

Tax gap widens

The amount of uncollected tax rose in the last financial year.

EC forecasts stronger UK growth but warns on VAT rise

The European Commission has revised upwards its predictions for economic growth in the EU, but has suggested that the UK’s recovery may be hampered by the decision to increase VAT.

Pre-Budget Report to be 'dropped'

The government is likely to axe this year’s pre-Budget Report, according to press reports.

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