VAT

The Royal Wedding on 29 April has been declared a bank holiday. As a consequence, there will be an impact on the timing of paper VAT returns.

HM Revenue and Customs (HMRC) is to investigate how to improve still further the system for dealing with applications from businesses wishing to register for VAT.

HM Revenue and Customs (HMRC) has reminded businesses that a number of important changes to the way that taxes are paid come into effect this month.

The extent of the challenges facing the UK economy were set in perspective with the news that take home pay for the average British household fell last year for the first time since 1981.

By and large, business groups extended a welcome to the Budget, but some expressed doubts about whether the Chancellor had done enough to stimulate a private sector led recovery.

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