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 ...
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 ...
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 ...
Reciprocal Tariffs Are On, But VAT Is The Bigger Elephant In The Room
Three weeks into office, President Trump advanced his 'America First' trade agenda by investigating reciprocal tariffs and ...
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 ...
Opinion
Trump’s VAT tariffs are mad, bad – and dangerous for Britain. Here’s how we bite back
A big and important trade partner hitting us where it hurts could scarcely come at a worse time for a country grappling with a stagnant economy and the looming threat of a fiscal crisis, writes James ...
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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 ...