How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs
While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves ...
VAT Vs. Sales Tax: What We Know As Trump Signs Reciprocal Tariffs
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to ...
What Is the Value-Added Tax That Trump So Despises?
The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...
Private school that taught Britain’s Astronomer Royal closes after Labour VAT raid
An independent school in Shropshire that taught Britain’s Astronomer Royal has announced it is closing following Labour’s tax ...
Ex-Tory worker's £1m VAT and money laundering scam
A former Conservative party branch treasurer was caught running a £1m VAT fraud and money laundering scheme, a court has ...
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Nigeria Tax Bill Proposes VAT Exemptions on Essential Goods
Nigeria's Tax Bill proposes VAT exemptions on essential items like baby products and food, while increasing the overall VAT ...
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VAT half-year collections fall for first time since pandemic on tough economy
The tough economy has been compounded by lower personal and household incomes due to increased pay slip deductions.
Pending 9% VAT rate for food and catering sectors to cost €675m
Minister for Finance Paschal Donohoe has signalled his intention to introduce a 9 per cent VAT rate for food and catering at ...