Furthermore, when the IOSS is employed, VAT is collected upfront at the time of the sale, eliminating the need for paying import VAT when the goods enter EU territory. The IOSS simplification is ...

Realtors yesterday warned that an increasing number of property deals are being put “in jeopardy” by the Department of Inland Revenue (DIR) challenging the sales price on which VAT is calculated.

The content on this page is provided for reference purposes only. This content has not been altered or updated since 5 May 2020 The Council has worked on a proposal to amend the existing EU VAT ...

The letters VAT stand for Value Added Tax. This is a tax added on to the price of lots of the things that you can buy. Most shops include VAT in their prices. So the price you see on the label is ...

If you've never heard of the VAT refund, get ready to see some serious financial returns the next time you go shopping abroad ...

Work out how much VAT you'll need to pay on top of a builder's quote or on other purchases. Different rates of VAT apply to different goods and services. There are currently three rates - the ...

Martin Willis, partner at independent consultancy, Barnett Waddingham, says: "Independent schools will not only have to absorb the planned introduction of VAT on fees and loss of business rate ...

Labour will remove the VAT exemption from January and business rates relief for independent schools from April, with parents set to foot the cost. The move has faced ongoing backlash from the ...

Parents of private school pupils and MPs in Worcestershire have urged the Labour government to delay adding VAT to fees. Single mother Melissa Moore said she faced having to find an extra £300 a ...

It means if a school spent £5m building a new sports hall in 2023, of which £1m was VAT, from 2025 they would receive £100,000 from the Treasury for the following eight years, meaning they ...

The Treasury has confirmed it will go ahead with a controversial VAT tax raid on private schools in what is being seen as a victory for education secretary Bridget Phillipson. The senior minister ...