In a move that had long been advocated by tax advisers to the small business community, Gordon Brown said the ‘costly and time-consuming’ VAT charge on bad debts would be abolished.
SMEs will now be able to recover VAT on bad debts after six months,’ he said.
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