Labour plans to slap VAT on independent school fees could actually cost £1.6billion, rather than deliver a tax dividend, a damning new analysis has indicated. A new report published by the Adam Smith Institute suggests that applying the levy risks raising no
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Residents of Fukuyama, a city in western Japan, are being cautioned about a missing cat that is believed to have encountered a vat of toxic chemicals. The alert comes after an employee of a metal plating plant discovered a series of yellowy-brown
The UK’s music industry is urging Chancellor Jeremy Hunt to slash VAT in the Budget to bring it into line with other European countries and throw the beleaguered sector a “vital lifeline” to help save closure-threatened venues. Ahead of this weekend’s glittering
What a bum deal! VAT is charged on toilet roll, as it’s classed as a luxury item – whereas caviar and helicopters dodge the charge, as they’re deemed as “essentials”. However, a study has revealed that seven in 10 Brits had no
Experts have issued Keir Starmer an urgent warning over the Labour Party’s planned VAT raid on private school fees. The party’s plans to charge parents 20 percent on tax on their children’s private education has sparked concern from top education leaders, who
Women will save up to £2 on the garments on average – up to 16 per cent – from today following the pledge to ditch the tax in the last autumn statement. It follows a two-year campaign by brands, retailers, women’s groups
Pharmacies will save £5 million because some medicines for common conditions have become zero-rated for VAT, the Treasury has said. It will be up to the 11,522 pharmacies to decide whether to pass the cost savings to consumers purchasing medicine for ailments
Thanks to Brexit, the complicated Value Added Tax (VAT) in the UK may be simplified. This comes after a prominent accountancy body urged the Treasury to undertake a comprehensive review of the VAT tax in order to simplify the tax system and