Currently, Royal Mail enjoys a VAT-free status, giving it an advantage over other postal companies when bidding for contracts with other organisations which are also VAT-exempt.
But the postal regulator wants to end this special status and according to The Independent wants the Treasury to introduce a 5& VAT charge.
Royal Mail though said its customers would not benefit by the levelling of the playing fields. A first-class stamp would rise by 1p, which it said would put Postcomm at odds with its duties, namely to protect consumers from unnecessary price rises.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states