A worldwide survey by
of 500 of finance professionals from the world’s biggest organizations in 22
countries ranks UK first in ‘VAT-friendliness league’.
A net 10% of respondents said VAT in the UK it was easy against Italy, cited
as the most difficult, the remainder staying relatively neutral on other
VAT errors are now considered a greater risk than corporate tax errors and
75% of global businesses expect governments to rely more on indirect taxation in
the next five years.
In addition, 82% of global businesses prepared to give an estimate said their
total annual VAT throughput was between US$200m and US$1bn three-quarters of
major global businesses believe governments will increasingly rely on indirect
taxes such as VAT or general sales taxes in the future.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Committee expresses concern about costs to businesses and April 2018 implementation date
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit