Postcomm, the postal regulator, is hearing views from the Royal Mail and private companies entering the market, but is understood to considers a 5% tax as one of the best options.
It is concerned the Royal Mail’s VAT exempt status gives it an unfair advantage because competitors must levy the full 17.5%, The Independent reported.
The Treasury said it was opposed to the creation of a literal ‘stamp duty’. But it said it would continue to monitor the VAT position as it supported the creation of a ‘level playing field’ in the sector.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
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
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy