The Food and Drug Administration (FDA) has added 17 drug products to its list of essential medication exempted from the 12 ...

The Finance Ministry was recently applauded for expanding the basket of zero-rated foods as part of a series of efforts to ...

Most canned vegetables will not be included in the list of zero-rated food products, according to new VAT legislation ...

Kurt Geiger’s chief executive, Neil Clifford, told The Times that the end of VAT-free shopping has had a “massively negative effect” on Britain”. “International tourists, whether it be ...

The items added to the list of zero-rated foods include edible offal of sheep, poultry, goats, swine, and bovine animals; ...

The VAT zero-rating of basic foodstuffs is aimed at alleviating the regressivity of the tax to ensure that poor people do not ...

Baird added that if VAT is to be increased, chicken should be top of the list for VAT exemption. “That can be announced in the revised Budget. The government knows the arguments for VAT-free ...

The wording of the draft legislation giving effect to the expansion of the zero-rated value-added tax (Vat) list has caused confusion and may lead to unintended consequences. Despite intensive ...

For instance, most foods and goods on the shelves at your local grocery store have a VAT charge attached to them. That means that chocolate, frozen meals, alcohol and a host of other products will be ...

At the current VAT rate of 15%, VAT-free chicken is a necessity for poor people. At 17%, the case for removing VAT from chicken becomes unanswerable.” BUSINESS REPORT ...