A value added tax (VAT) is a form of consumption tax. As a buyer, it is a tax on the purchase price. As a seller, it is a tax on the "value added" to a product, material or service at his/her stage of ...

Yet the Chancellor, George Osborne, told the BBC on Tuesday that he thinks targeting VAT is more "progressive" than increasing income tax or National Insurance. A progressive tax is one that places ...

Let me open by saying that I am a born and raised Bahamian with a deep love for my country, its people and, of course, the beauty that surrounds us. We are very fortunate and we enjoy an unbelievable ...

In a move that brings relief to many South Africans, Finance Minister Enoch Godongwana will intoroduce measures to reverse the VAT hike. Godongwana had initially proposed raising VAT from 15% to 15.5% ...

Broadly speaking, every good or service that can be consumed by the population will have 5 per cent added What we do know with certainty is what goods and services will be taxed under the new VAT ...

An increase in VAT may have an impact on various retail sectors, but complex HMRC rules mean that there is a lottery as to whether your business, or parts of your business, will be hit by the rise. An ...

Facing mounting public pressure and economic concerns, Finance Minister Enoch Godongwana has backtracked on his controversial VAT hike plan. Initially, Treasury had floated a sharp, once-off 2 ...

The complainant, Munian, lodged a consumer complaint against a print advertisement for safety gear clothing sold by the respondent, Over-All Gear CC. The respondent’s advertisement featured different ...