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Merchant surprise as candy, sugary drinks not in VAT cut

Summary by tribune242.com

A Cabinet minister yesterday hailed the decision not to give candy and sugary drinks a 50 percent VAT rate cut despite the initial confusion this caused for food store merchants.

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tribune242.com

Merchant surprise as candy, sugary drinks not in VAT cut

A Cabinet minister yesterday hailed the decision not to give candy and sugary drinks a 50 percent VAT rate cut despite the initial confusion this caused for food store merchants.

22 hours ago

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wem.biz

Too many businesses falling into VAT traps

VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead to penalties, cash flow problems, and disputes with HM Revenue & Customs (HMRC). Here are some of the most common VAT mistakes to avoid: Charging the wrong VAT rate – Some goods and services have reduced or zero-rated VAT and applying the wrong rate can mean underpaying or overpaying tax. Incorrect VAT reclaims – N…

1 day ago

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