Charities, banks and other groups who hire temporary workers are facing a
hike in VAT payments, following the withdrawal of a concession in the Budget.
Agencies are campaigning against the change, which prevents organisations
recovering costs tied to the recruitment of temps.
The Budget decision means that only VAT-rated businesses will qualify for
relief from April next year.
That means much of the not-for-profit sector, as well as financial services
groups, will lose the benefit, worth £125m a year to business, The
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