Consultation to be held on VAT cost sharing exemption

The Government wants to hear the views of businesses and organisations on plans to make use of the VAT cost sharing exemption.

VAT increase helps to pull back public borrowing

Public sector borrowing dropped back last month, aided in part by the additional tax revenues generated by the rise in VAT.

HMRC to extend its tax campaigns

HM Revenue and Customs (HMRC) has announced that it intends to target more groups of workers in its efforts to recoup unpaid taxes.

HMRC plans VAT crackdown

HM Revenue and Customs (HMRC) has said that it will be launching a campaign to target businesses that are trading above the VAT threshold but have not registered for the tax.

Small business tax administration to come under review

The Treasury has asked the Office of Tax Simplification (OTS) to look at how the system of tax administration for smaller businesses works.

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