VAT

The government has been called on to do everything it can to help business in the forthcoming pre-Budget Report.

The UK economy is on course to emerge from the recession in the second half of the year, the CBI has predicted in its latest forecast.

HM Revenue and Customs (HMRC) has announced the new interest rates that will be charged for and paid on late and overpaid taxes.

HM Revenue and Customs (HMRC) has reminded businesses that new rules on how VAT returns are submitted and payments are made will be coming into force next year.

There seems no prospect that the cut in VAT will be extended beyond the planned end of the year reversion to the old rate after it was revealed that tax revenues have fallen sharply.

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