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What is the VAT Flat Rate Scheme and how does it work?

The VAT Flat Rate Scheme makes bookkeeping easier by allowing you to pay a fixed percentage of your VAT-inclusive turnover to HMRC, rather than having to calculate VAT on each transaction. To be ...

Russia's VAT Hike Will Knock $3.4 Billion off Banks' Profit in 2026, Sberbank CEO Says

SOCHI, Russia (Reuters) -The Russian government's proposal to increase value-added tax and eliminate some tax breaks in 2026 ...