TS has always been left a little baffled over what qualifies for VAT and what doesn’t.
There’s the whole infamous Jaffa Cakes/biscuit thing and far too many other confusing things to list here.
But one of the most inexplicable is the reduced 5% levy on sanitary products, which when framed against the fact there’s no VAT on crocodile meat, pitta bread and caravans under seven metres long begins to take on the appearance of a tax on women.
It’s a point comedian Cariad Lloyd makes brilliantly in her parody of Taylor Swift’s recent hit Bad Blood, which has gathered some 143,000 hits since its release earlier this month.
It isn’t known whether George Osborne or his colleagues have taken heed of Lloyd’s message, but TS would humbly suggest they watch it, not least because it’s quite catchy.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said