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The Latest Breaking News from VAT

You can’t trick the markets with extra borrowing, experts and former chancellor warn Burnham

Former Conservative chancellor Phillip Hammond told The Independent that the bond markets ‘will see straight through this ruse and price UK debt up accordingly’

The Independent UK

Burnham announces £850m tax cut on energy bills but faces questions over funding

The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded.

The Independent UK

Ditch pension triple lock and consider scrapping some VAT exemptions, says OECD

It said the state pension guarantee is ‘unusually generous’ compared to other countries.

Evening Standard

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Andy Burnham urged to ditch pension triple lock and consider scrapping some VAT exemptions

Top think tank says state pension guarantee is ‘unusually generous’ compared to other countries

The Independent UK

Fines Skyrocket For Truck Drivers Getting Stuck On This Popular Motorcycle Road

Scenic VT Route 108, also called Smugglers Notch, is loaded with visitors, both in cars and on motorcycles. Trucks literally can't fit, but they try anyway.

RideApart

Denmark to abolish VAT on books in effort to get more people reading

Culture minister says government will propose ending the 25% rate, the highest in the world, in its budget bill

The Guardian - UK

‘Distraught’ families say they may have to homeschool SEND children if school forced to close amid VAT raid

Families in last-minute battle to save Bishop Challoner School in London which faces closure on last day of term amid financial pressures

The Independent UK

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Private school in south-east London latest to close due to Labour Government's VAT raid on fees

‘There were teachers crying, parents screaming, children giving speeches — its been a big drama,’ one parent said

Evening Standard

Most South African farmers are black: why Trump got it so wrong

When world leaders engage, the assumption is always that they engage on issues based on verified facts, which their administrative staff are supposed to prepare. Under this assumption, we thought the meeting at the White House on 21 May between South Africa’s president, Cyril Ramaphosa, and US president Donald Trump…

The Conversation

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax

South Africa’s finance minister, Enoch Godongwana, cancelled the unveiling of the country’s 2025 budget as it was due to be released. The move is unprecedented in the country’s history.

The Conversation

Keir Starmer could be forced to give millions back to private schools under VAT ‘loophole’

Private schools face paying VAT on fees – but headteachers already exploring ways to cut their bills in blow to Labour’s plan

The Independent UK

Taxman pursuing Uber for another £386 million in VAT

The dispute relates to whether VAT is applied to Uber’s profit per ride or the cost of the journey itself

Evening Standard

PKF Francis Clark appoints new director strengthening VAT and customs team

Joe Francis brings 20 years' experience in taxation to the role

Birmingham Post

The BBC and ITV jobs in Greater Manchester you can apply for now – including on Coronation Street

The broadcasters have opportunities available in TV, finance and IT

Manchester Evening News

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The Guardian - UK

Owen Paterson taking UK to human rights court after lobbying scandal

Former MP, who once argued UK should break free from Strasbourg court, is challenging finding he repeatedly broke rules

Birmingham Post

East Midlands people news from Tank PR, Leicestershire Law Society, LLEP, Browne Jacobson, BDO & Cooper Parry

Latest Movers and Shakers from across the region

Bangkok Post

New VAT mulled that targets luxury goods

The Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity.

Evening Standard

Wetherspoon pubs cut prices for one day only amid calls for VAT reduction

VAT is the fastest growing tax of the biggest five taxes in the last decade

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Evening Standard

Conservative leadership race: Rishi Sunak accused of ‘flip-flopping’ over tax cuts

Rishi Sunak was on Wednesday accused by a former Cabinet colleague of “flip flopping” over tax cuts, after he announced a pledge to slash VAT on domestic energy bills.

Radio France Internationale

French MPs vote to scrap public TV licence fee

France’s National Assembly on Saturday approved a measure to scrap the TV licence fee as part of a drive to boost purchasing power. Public broadcasting will in future be financed by VAT.

Wales Online

HMRC chaos sees workers waiting months for tax refunds worth thousands of pounds

An investigation has found major delays

The Times of India

Telangana high court sets aside VAT amendment, calls it ‘unconstitutional’

HYDERABAD: In what could come as a huge relief to traders in the state, the high court has struck down the Telangana Value Added Tax (Second Amendment) Act, 2017. The court said the Telangana VAT was contradictory to the intentions of lawmakers who brought in a unified GST regime for…

Evening Standard

Why a cut in VAT would NOT solve the cost of living crisis

City Voices: Some targetted VAT cuts could help a little

Glasgow Live

Former tax worker used hijacked identity of dead man to hide £171,000 fraud

James McGee, 66, was working as a VAT inspector in Paisley and Ayr while he made the bogus VAT repayment claims using the hijacked identity of a dead man. He has now been sentenced to 30 months in jail.

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