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 ...

The California Department of Tax and Fee Administration launched a new virtual assistant that uses artificial intelligence to answer Californian’s tax questions. The department hopes the tool will ...

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 ...

Have you found this content useful? Use the button above to save it to your profile. The leaves are falling and autumn is upon us. It’s back to school for pupils – relief for parents! However, for ...

Nigel Farage is reportedly using a private company for payments from his GB News appearances in order to pay less tax. A report in the Guardian on Friday says that Farage’s GB News earnings for his ...

A fresh wave of tax reforms is being witnessed in East Africa after Tanzania officially lowered its Value Added Tax (VAT) rate from 18 per cent to 16 per cent under the Finance Act 2025. The Tanzania ...

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, ...

Indian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F of the Income Tax Act allow individuals and HUFs to avoid LTCG ...

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 ...