I would like help in resolving a mild disagreement in the office over how to do the accounts for a client which uses the flat rate VAT scheme.

The Income Tax Department has released Excel Utilities for updated returns. These are for ITR-5, ITR-6, and ITR-7 forms. This applies to Assessment Years 2021-22 and 2022-23. Forms are available on ...

Traders have ramped up their bets against the pound towards levels last seen in the Liz Truss mini-Budget crisis of 2022. In an ominous sign for Rachel Reeves, speculators have resumed betting on a ...

MANILA, Philippines – Batangas 1st District Representative Leandro Legarda Leviste has filed House Bill No. 4302 to lower the Value-Added Tax (VAT) to 10% and moved on Wednesday that this be at the ...

An accountant has said HMRC may be able to target fraudsters using artificial intelligence to scan social media profiles for 'inconsistencies'. As artificial intelligence (AI) continues to evolve, ...

Keir Starmer's new chief economic adviser said Labour should rip up its election pledges and raise personal taxes, while lashing out at Rachel Reeves and Angela Reeves for hampering businesses.

MANILA, Philippines – The Marcos administration may need to exempt US tech companies from the 12 percent digital value-added tax (VAT) to avoid the higher tariffs that President Donald Trump has ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

One of the most common sources of confusion for businesses dealing with the ecozone enterprises is the VAT treatment of transactions with Philippine Economic Zone Authority (PEZA)-registered entities ...

The Chancellor has brought in her left-wing colleague to help with preparation for the Autumn Budget. Torsten Bell, who was elected as MP for Swansea West last year, will reportedly help lead economic ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...

Mozambique has announced an ambitious tax transformation strategy that places artificial intelligence at the center of its revenue collection efforts through 2028. The plan, detailed in the government ...