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 ...

A tax calculator tool from the nonprofit Tax Foundation looks at take-home pay after the new law, including write-offs like the 'No Tax on Tips' provision and a car loan deduction.

Now that the details of Budget 2026 have been revealed, you may have questions about how the measures within it will impact your finances. From allowances, through to childcare, social welfare and ...

China has released its VAT rebate policy update in 2025, reducing eligibility for most industries, with only manufacturing, research, IT services, and ecological protection retaining full refunds.

When the 8th Pay Commission comes into effect, central government employees earning a gross salary of Rs 50,000–55,000 per month can be increased more. A person who works in a government office and ...

Under the soon-to-be-replaced fuel tax system, you pay less if your vehicle is efficient. Illustration / AI generated Transport Minister Chris Bishop last week announced “the biggest change to how we ...

President Donald Trump boasts that his tariffs have raked in billions. There’s a chance his government will have to pay a lot of it back. Several companies and states have challenged Trump’s use of an ...

Saudi Arabia has officially launched a value-added tax (VAT) refund program for tourists and Gulf Cooperation Council (GCC) nationals, allowing eligible visitors to reclaim 15 per cent VAT on ...

Eligible visitors can now reclaim 15% tax on purchases over SAR 500 at 1,400+ outlets The VAT refund applies to non-resident tourists aged 18 and above, as long as their total spending at a store ...

In a surprising twist, Britain's elite private schools have seen a surge in advance fee payments, as parents rush to sidestep Labour's looming VAT policy. Parents at Britain’s top private schools have ...

Imagine you are a software developer. You have just sealed a solid contract for a European client. Payment lands. But something doesn’t sit right - you paid value-added tax (VAT) on your internet, ...

The Federal Tax Authority (FTA) continues to see strong results from its digital VAT refund systems for eligible categories, maintaining high levels of accuracy and operational efficiency throughout ...