- UK policy advisers suggest reforming value-added tax for more certainty
- Consideration to bring more businesses into VAT if rates cannot be changed
- Lowering VAT application threshold and simplifying tax law are potential areas for reform
- Labour government committed to not increasing VAT rates
- Broader reforms to indirect tax are being considered
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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