Economists have warned that VAT may have to rise to 20% if the UK is going to
make significant inroads into the budget deficit.
In a bid to restore market confidence, which feels the measures outlined so
far by the new government will not do enough to tackle the debt problem,
economists expect to see a significant hike in the VAT rate.
A rise to 20% would cost each household £425 but could be introduced without
breaking Conservative or Liberal Democrat manifesto pledges, reports 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