In a statement on Wednesday, the ONS said the tax authorities had alerted it to errors in VAT receipts. As a result of the error, the ONS said it had revised lower borrowing for the fiscal year that ...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has assured Nigerians that the new tax laws will lighten the burden for most citizens, contrary to widespread ...

London’s Hippodrome Casino failed to overturn a VAT ruling against HMRC over the method used to calculate tax recovery for residual input tax.

Another way Labour could increase income tax is by freezing the thresholds at which people start paying each rate of tax for longer. The rates are currently frozen until 2028, but Reeves could extend ...

South African VAT vendors have been reminded of the new compliance rules, which include mandatory VAT apportionment reporting to SARS.

How does HMRC calculate the amount of tax on savings interest from a joint savings account? We are a married couple, one of us receives an NHS defined contribution pension of £42,800 per annum and ...

For higher or additional rate income tax payers, the rate is 24 per cent. For those on the basic rate, it’s 18 per cent. Another lever Ms Reeves could pull is changes to pension policy, which may aim ...

Invoice management is the process of tracking and paying invoices—learn how to streamline it, reduce errors, and save time in this guide.

Shadow Chancellor Rachel Reeves warned of “harder” fiscal choices ahead of Labour’s Autumn Budget on 26 November. With rising borrowing and economic pressures, the Treasury may consider VAT, property, ...

Use the sales tax calculator to figure out how much sales tax you’ll potentially owe on a purchase. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

Northern Data is under investigation for allegedly misusing AI tax breaks on 10,000 Nvidia H100 GPUs, despite the hardware being ill-suited for crypto mining.