fromBusiness Matters6 days agoRachel Reeves 'underestimated' parents' prepayment push to avoid private school VATPrivate schools received £515 million in advance fees to avoid VAT, significantly exceeding Treasury estimates.
fromwww.theguardian.com1 week agoHMRC could claw back VAT from private school advance fee schemes, experts sayThe UK's wealthiest private schools took in 500m last year through fee in advance schemes. Parents sought to avoid a 20% VAT added to school fees.US politics
fromwww.mediaite.com1 month agoCNBCs Sara Eisen Stunned by $121B Trump Tariff RevenueTariffs have generated significant revenue, amounting to $121 billion since the fiscal year's start, despite concerns over potential inflation.
UK politicsfromIndependent1 month agoGovernment Vat receipts from energy bills surge despite temporary rate cut on residential accountsGovernment VAT from energy bills has increased significantly despite cuts in rates on residential energy accounts.
Retirementfrom24/7 Wall St.3 months agoThis Is Where People Pay the Most of Their Income in State TaxesTax systems in the U.S. create unequal burdens, varying widely across states despite federal uniformity.