There are many uncertainties as to where the Conservative-Liberal coalition will take the country and the measures that they will be able to pass through Parliament. However, given the hazardous state of public finances, we can say with some certainty that there will be a number of tax rises, and amongst the first of these will [...]
The standard rate of VAT will increase from 15% to 17.5 % on the 31 December 2009. In practice the rules which govern rate changes mean that a rise in rate is likely to create more issues for a business than a VAT rate fall. There are also more opportunities. HMRC have recently released their [...]