Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...

VAT, whereby tax paid on consumption is re-paid to lower income households in real-time, at the moment of purchase. Such a system can effectively eliminate regressivity, while minimizing the political ...

Retailers face growing VAT challenges worldwide. Discover four key strategies to improve compliance, reduce customer friction ...

Sole traders and landlords will have to start reporting their earnings digitally on a quarterly basis to HMRC from April 2026 ...

Samuel Agbeluyi, president and chairman CITN, said that the incentive of increasing Value Added Tax (VAT) from 7.5% to 10% ...

They highlighted high interest rates on bank loans, lack of access to finance, higher VAT and tax rates and its complex ...

Consumers who have been charged VAT at 15.5% have the option of contacting the supplier to claim back their money.

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into ...

Vendors are expected to charge VAT at the rate of 15% and not 15.5% for the relevant goods and services as per the VAT Act.