All news on the topic: VAT

Andy Burnham has refused to rule out tax rises in his first budget as the Prime Minister warned he "won’t be unrealistic" about the state of Britain’s finances.

European prosecutors have indicted five people and a company for allegedly evading more than $20 million in VAT on goods imported from China, the European Public Prosecutor’s Office announced Monday.

A historic UK school opened in 1415 closed at the end of this school year after ’financial challenge’.

British Gas owner Centrica has said it will cut 1,300 jobs over the next two years as part of its ongoing turnaround efforts.

Business rates will be cut by 20 per cent for pubs, clubs and live music venues across England from April next year, Downing Street has announced.

Andy Burnham has confirmed there is ’no commitment’ from the government to increase the personal tax allowance and said ’we will look at that at the budget’, in an update issued this morning.

Education minister Olivia Bailey said private schools are “responsible for ensuring their long-term viability” and “free to make their own business decisions”, but she was “shocked” at Galaxy Global Education’s (GGE) behaviour.

The European Public Prosecutor’s Office (EPPO) in Venice (Italy) has filed an indictment against a suspect in a case involving the fraudulent import of a yacht from Australia without declaring the ship to customs, in order to evade payment of VAT.

A UK wine company has gone into liquidation after a tax tribunal was held because the business was selling bottles ‘off the books’.

At the request of the European Public Prosecutor’s Office (EPPO) in Katowice (Poland), nine suspects were detained last week.

The European Public Prosecutor’s Office (EPPO) in Berlin (Germany) has filed an indictment against three car traders.

Next week, filling up an average-sized family car is likely to cost £100, writes Giles Sheldrick.

Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.

On Monday, the Chancellor insisted she will uphold her pledge not to raise taxes on “working people” in her upcoming Budget, but left the possibility open for changing VAT rules to enhance Treasury funds.

Sir Keir Starmer has defended the Government’s stewardship of the economy amid warnings that taxes will need to rise in the autumn to plug a £51 billion black hole in the public finances.

A court in Cyprus has restored a dissolved company associated with Roman Abramovich in order for authorities to recover €14 million in unpaid VAT related to a superyacht leasing scheme.

EPPO targets a criminal network accused of using shell companies and fake invoices to dodge VAT and launder millions through cross-border fuel trade.

Politicians have asked if authorities managed to reclaim millions in taxes from the now-defunct company that was owned by the Russian billionaire.

The UK is anticipating being affected by Donald Trump’s tariffs this week, Downing Street has stated, as discussions with the US are expected to continue beyond Wednesday.

European prosecutors allege millions in tax fraud tied to mobile phone imports from outside the EU.

Donald Trump has announced 25% tariffs on imports from the EU, stating that the bloc was "formed to screw" the USA.

The social media influencer has been accused of being ‘brazen’ over tax evasion from online businesses including OnlyFans, a court heard

In a bid to kill off the Tories’ much-disputed claim Labour would hike taxes by £2,000, Sir Keir Starmer will reportedly include a cast-iron pledge in the manifesto not to raise income tax, national insurance or VAT for five years.

Italian authorities have put 11 suspects under house arrest as part of a crackdown on a VAT fraud ring that has deprived the budget of the European Union as well as national budgets of more than 25 million euros (US$27.17 million).

HMRC has ruled that Dr Christopher Moran’s company failed to charge VAT to short term occupiers of a London apartment block, which have at times included sex workers