The National Board of Revenue (NBR) has extended the deadline for VAT return submission till March 18 following a technical glitch in its online system, the Integrated VAT Administration System.

By Joshua Worlasi AMLANU A tax expert has said government’s plan to reform the value added tax (VAT) regime could simplify ...

CREATE MORE (Republic Act 12066) made significant clarifications on the taxation of and incentives enjoyed by registered ...

When a VAT-registered company submits its VAT return, there will sometimes be a refund due. This occurs when the business has paid out more in VAT in the qualifying period than it has received.

Although the VAT in the Digital Age package changes will take a few years to be implemented, businesses need to start ...

Malcolm Macaskill, who was also caught laundering money, is living with a brain tumour at his home in Cambuslang.

Malcolm Macaskill, 65, filed bogus forms to HMRC which grossly overstated the sales from his sandwich businesses to reclaim more than £800,000.

Client is late submitting VAT returns. We are now almost in a position to complete them, although arestill waiting for one or two things from the ...

At present, the standard VAT rate is 15% across the board, but it has been segregated to different slabs like 10%, 7.5% and 5% in different sectors that actually caused difficulties for traders as ...

Charging VAT on your products or services Paying VAT on the goods or services supplied by your vendors Submitting your VAT return to HMRC every year Maintaining a VAT account and records Registering ...

Instead of adjusting thresholds in isolation, it is time to reimagine the Vat compliance system by leveraging modern ...