The Chartered Institute of Taxation (CIOT) has welcomed the announcement that the Government will not be going ahead with an Online Sales Tax. However, the news that Chancellor is shelving the online sales tax has caused ripples of disappointment across the retail rector. Bricks-and-mortar retail was left sighing with relief as Jeremy Hunt brought in a business rates relief scheme, a freeze on multipliers and increased support packages.
Sources:
Latest Posts in "United Kingdom"
- SAP Selected by HMRC to Lead Major Technology Transformation of the UK Tax System
- Supreme Court Clarifies VAT Recovery Rules for Corporate Groups After Hotel La Tour Decision
- Appeal Dismissed: Input VAT Denial and Personal Liability Upheld on Kittel Grounds for One Call Consultants
- Input VAT Denial Upheld: Kittel Assessment and Penalties Made Within Statutory Time Limit
- Boehringer Ruling: Could £2.5bn VAT Reclaims Transform UK Pharma and Healthcare Forever?
