New client (sole-trader) has had demands from HMRC to submit VAT returns.  Several years ago, he fell out with previous accountant  whom refuses to ...

U.S. President Donald Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with ...

U.S. President Donald Trump says value-added taxes carry a lot of blame for America's near trillion dollar trade deficit with ...

The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

A tax base is the total value of all of the assets, income, and economic activity that can be taxed by a taxing authority, usually a government. It is used to calculate tax liabilities.

On 16 January 2025, the President ratified Supplementary Law No. 214/2025, marking a significant step in Brazilian tax reform. This new law outlines the framework for the IBS, the CBS, and IS ...

is subject to input tax deduction restrictions. The BFH further clarified that the non-business segment of a controlling company falls within the scope of the VAT group. Consequently, services ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki ...

The Labour Party's tax change for private schools removed their VAT-exempt status, leading to a huge 20 per cent increase in fees from the first day of this year. For many military families ...

Professor Lars Hummel of the International Tax Institute said: “If someone conceals the private use of a yacht because it would otherwise be subject to VAT, [that is] clearly tax evasion.” The scheme ...

The scheme falsely presented the Russian oligarch's fleet of yachts as a commercial leasing operation, to dodge millions of euros in VAT on their purchase and running costs. "There has been tax ...