The Flat Rate Scheme available from HMRC may be an option for you to consider if all that sounds appealing. With the 2025-2026 new tax year less than a week away, one advantage of last week’s ...

At present, the standard VAT rate is 15% across the board, but it has been segregated to different slabs like 10%, 7.5% and 5 ...

Businesses must adjust their systems – which will affect their pricing, profitability, and long-term contracts.

After committing “to remove the exemption from Value Added Tax for private school fees” in the King’s Speech, on 29 July 2024 the government announced VAT at the standard rate of 20% would be applied ...

Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase ...

The Flat Rate VAT Scheme (FRS) is a simplified option for paying VAT for businesses with lower turnover. At an annual ...

The AA has reiterated calls for a VAT cut on public charging to drive the electric transition. Currently, VAT on domestic ...

VAT Calculator UK is a trusted VAT calculation and compliance tool designed to help businesses navigate complex VAT regulations effortlessly. With an intuitive interface and real-time updates, AVAT ...