The Institute for Fiscal Studies (IFS) has criticised the Foreign Secretary’s plans which would reportedly cut VAT by 5% across the board as a “nuclear” option – a move described as “regressive” by her rival Rishi Sunak’s team.
Source: heraldscotland.com
Latest Posts in "United Kingdom"
- HMRC Guidance: Partial exemption (VAT Notice 706)
- HMRC Collection: VAT manuals for HMRC staff
- Supreme Court Confirms No VAT Recovery on Professional Fees for Exempt Share Sales – Hotel La Tour Case
- ICS2 Required for Goods Moved from Great Britain to Northern Ireland or EU from 2026
- HMRC Updates VAT Group Registration Rules: New Criteria for Revenue Protection Powers
