The government is considering whether to allow businesses more time to update price labels in shops once the rate of VAT reverts to 17.5 per cent at the end of the year.

To tackle the UK’s massive public debt, the basic rate of income tax should be raised by 7p in the pound, a leading think tank has said.

The Chancellor has been urged ahead of his pre-Budget Report to introduce changes to the tax system as a way of helping to stimulate economic growth.

Filing VAT returns on paper should be a thing of the past as from 2012.

Two specific cases provide guidance on the treatment of insurance intermediary services and when they can be exempt.

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