- Gross tax revenue for 2025/2026 is revised upward mainly due to higher net VAT collections.
- VAT collections contributed significantly to the increase in overall tax revenue.
- No changes to the VAT rate or structure were announced in the 2026/2027 budget.
Source: cms-lawnow.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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