In a statement on Wednesday, the ONS said the tax authorities had alerted it to errors in VAT receipts. As a result of the error, the ONS said it had revised lower borrowing for the fiscal year that ...

But there has been no need for calculators this time around, and the impact of Budget 2026 on the pockets of many, if not most, Irish consumers can best be described as minimal.

Chancellor Rachel Reeves has been given an extra £2 billion wriggle room in her upcoming Budget after it was revealed that official government borrowing figures have been overstated due to inaccurate ...

London’s Hippodrome Casino failed to overturn a VAT ruling against HMRC over the method used to calculate tax recovery for residual input tax.

The Court of Appeal has upheld a decision that the standard turnover-based method for calculating residual input tax recovery provides a fair and reasonable result for a central London casino, ...

Government borrowing has been overstated by £2bn this year, the Office for National Statistics confirmed on Wednesday, after an error was found in the tax receipts used to calculate the data.

Is your accounting firm struggling to attract ideal clients, even after investing thousands in paid ad campaigns? You're not alone. * ...

The VAT Flat Rate Scheme makes bookkeeping easier by allowing you to pay a fixed percentage of your VAT-inclusive turnover to HMRC, rather than having to calculate VAT on each transaction. To be ...

The party’s public expenditure and reform spokeswoman Mairéad Farrell said “homelessness is at a shocking level”, with 5,000 children without a home, but neither the Minister for Finance nor the ...

A brave chancellor would grasp the nettle, take the pain now, and reform these big, expensive policies over sticking plasters.

(Alliance News) - The Office for National Statistics on Wednesday revised down UK government borrowing figures for the current fiscal year by GBP2 billion following an error in the tax receipts used ...

Delhi High Court held that VAT Act and the Finance Act are disparate in character as far as levy and collection of tax is concerned. Thus, demand based on comparison of returns filed under VAT Act and ...