Budget

UK economy to enjoy stronger growth this year, says OBR

The independent Office for Budget Responsibility (OBR) has revised its growth predictions for the UK economy.

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VAT rise may hit growth

Next year’s increase in VAT may have an adverse affect on the recovery.

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Businesses reminded of looming VAT increase

There are now only two months remaining before the standard rate of VAT climbs from 17.5 per cent to 20 per cent, and VAT-registered businesses are being urged to ready themselves for the change.

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Government publishes a raft of tax consultations

The Treasury has issued nine consultation papers on various aspects of the personal and business tax system in what amounts to a far-reaching overhaul of the entire regime.

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Commons vote confirms VAT rise

Attempts in Parliament to head off the government’s proposed increase in the rate of VAT have been defeated.

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