VAT

Uber, the ride-hailing and food delivery giant, is bracing for a major tax dispute with HM Revenue & Customs (HMRC) over £1bn VAT payments. Since March 2022, Uber has been required to pay 20 per cent VAT on its fares and…

Work on the 2025 budget is progressing well, although there is still time before it is approved by the Knesset. This time, budget preparation will be particularly complicated, because of the war, the fiscal deficit, and…

In a delicious victory, food company Innovative Bites Ltd has emerged victorious against UK tax authorities, winning a ruling exempting Mega Marshmallows from VAT due to their classification as cooking ingredients rather than…

Economy Treasury mulls VAT on milk, bread, in fresh revenue push Thursday March 14 2024 A customer buys milk and bread from a kiosk. FILE PHOTO | NMG The Treasury is considering introducing a 16 percent value-added tax (VAT) on…

New figures released by HM Revenue & Customs (HMRC) reveal that the ‘VAT gap’ – representing the disparity between the VAT theoretically owed and the amount actually collected by HMRC – has reached £8.6 billion for the fiscal year…

The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales. Annual figures released by the Society of Motor…

Increased tax compliance measures have yielded £11.4bn in unpaid tax as investigations into rich people and mid-size businesses grew. The sum came as HM Revenue and Customs (HMRC) opened 23% more inquiries into unpaid value added tax…

Economy Small traders spared VAT obligations Friday September 15 2023 The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG The Treasury plans to increase the revenue…

Economy President Ruto plans to impose a tax on new cars and a value-added tax if the court blocks the Finance Act Friday, July 21, 2023 President William Ruto with Managing Director of the International Monetary Fund,…

transmit PSVs increase wages by 30% after doubling VAT on fuel Tuesday 04 July 2023 Cars line up to refuel at a petrol station inside Nairobi on July 1, 2023. Photo | Frances Nderito | NMG Travelers will pay up to 30…