Labour backbenchers have ganged up on chancellor Gordon Brown to demand a new
single rate of VAT to apply to new building and refurbishment, which will
replace existing tax incentives to demolish or build on greenfield sites.
A motion signed earlier this week by five MPs led by Blackpool South’s Gordon
Marsden attacked the present 17.5% on conversion and repair work compared with
zero-rated new construction.
The MPs came out against extending zero rating but urged the government to
apply a reduced rate below 10% to all building work, including the conversion,
refurbishment and repair of historic buildings and places of worship.
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
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
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Since the release of HMRC’s plans for digital tax reforms, many have agreed with the call for a delay