Sentences with phrase «in the vat rate»

Subsequent inflation data will reflect the rise in the VAT rate in April.

The World Economic Forum places Britain in 140th place for price competitiveness for tourism out of 141 countries and the reduction in the VAT rate to 5 %, as agreed by the Liberal Democrat conference, would increase employment and raise extra revenues for the Government.»

In other words, if the time of supply was triggered before 1 April 2018, your agreed payments to the seller over time will not increase because of the increase in the VAT rate on 1 April 2018.

Not exact matches

On the other side of the aisle, the Democrats will push for a big revenue - raiser in exchange for lower rates, possibly including a new consumption tax or VAT.

While differences remain in several areas, creditors want Greece to raise the equivalent of 1 percent of gross domestic product more from VAT in 2016 and this could be achieved by raising sales tax on catering to a rate of 23 percent from 13 percent, the two EU officials said.

With average 30 % annual growth rate, VATS Liquor has built a multi channel distribution network serving consumers across the country including more than 500 chain stores, and 200 trial outlets in 28 provinces, cities and autonomous regions, with annual revenue around 2.1 billion RMB and a network of stores serving consumers all across the country.

Supplies to non-UK customers in the European Union will be VAT zero - rated if they supply their VAT Registration Number.

The leader of the Liberal Democrats said the cut in the rate of VAT to 15 per cent, which cost taxpayers # 12.5 billion, should have been used to fund a green investment programme instead.

Taking the fiscal credibility point first, the cost to the Exchequer of changing the standard rate of VAT by one per cent is approximately # 5bn a year (in other words, reducing the rate from 20 per cent to its previous 17.5 per cent would cost in the region of # 12.5 bn).

It is not only targeting this specific tax that would help businesses, but rather than spending money on reducing VAT, expanding the national insurance holiday for firms taking on new staff, and taking bolder action on the huge business rate rise due to hit in April, would be preferable.

Paying, to reach the # 1240 sum in the ONS document, an average rate of VAT of just over 22 %.

«If a corporation tax rate cut worked, that would mean more companies choosing to locate themselves in Northern Ireland, generating more income tax, national insurance, business rates and VAT.

VAT rate: 17.5 % Income spent on VATable goods: (1240 /.0175) # 7085 Income spent on non-VATable goods: # 8820 - # 7085 = # 1735 So the average person in the lowest income decile spends a * combined total * of # 144 a month on rent, food, clothes for their children, and other direct and indirect taxes?

If VAT is 17.5 %, you need to spend # 7085 on goods that pay VAT in order to pay # 1240 in VAT (if some goods attract VAT at a lower rate, this increases the sum of money you'd need to spend in order to pay # 1240).

The Conservatives have seen a double - digit lead over Labour in the polls being dramatically cut since the bailout of banks by the government in October, the announcement of a # 20 billion fiscal stimulus by the prime minister and a 2.5 per cent cut in the rate of VAT.

According to the same research, last year's rise in the standard rate of VAT to 20 % resulted in nearly 4,000 job losses in the home improvement market in 2011 alone.

Other European countries have reduced the rate of VAT for the home improvement market in order to tackle the informal economy and create new jobs and growth in this important economic sector.

But a six - month extension of the 15 per cent VAT rate would be clever - it will not cost much if it helps sustain consumer spending and will in any case have no significant fiscal cost beyond 2010,» Mr McWilliams added.

Push for European - wide agreement to a lower rate of VAT, in Britain of five per cent, for the most energy efficient products.

He slashed the top rate from 83p in the pound to 60p, cut the standard rate by 3p and raised thresholds, covering much of the cost by raising VAT.

His call for a temporary cut in the rate of VAT represents, to his mind, a halfway house between Osborne's deficit reduction plan and Alistair Darling's proposal to halve the deficit over four years.

Leaving aside the Capital Gains Tax tweak, which only raises # 1 bn (half the amount to be raised in the Lib Dem plan), the main hit is on VAT, both the higher and lower rates, to 20 % and 6 % respectively.

In Northern Ireland the DUP have said that the hospitality sector should be re-categorised and benefit from a reduced rate of VAT - Alliance and the SDLP have also called for a lower rate of tourism VAT.

To this end, he assured businesses and their owners of a reduction in corporate tax rate, the abolition of VAT on financial services, removal of duties on the importation of raw materials and manufacturing equipment, amongst other fiscal incentives, to stimulate growth of the private sector.

Officials said they «do not recognise the figures» put forward by a Belgian taskforce, which suggest VAT fraud rate in the UK is five times higher than any other EU country.

Tax rises on the way, such a the 20 % rate of VAT coming in January and high inflation in relation to earnings will compound the pressures on consumer spending next year, he added.

Kirsty Williams, Leader of the Welsh Liberal Democrats, today urged the First Minister to support her party's calls to scrap business rates for plant and machinery in Wales and to reduce the level of VAT that is levied on the tourism industry.

The former business secretary will have felt quietly vindicated when George Osborne announced a deferred rise in the rate of VAT from next January.

Throughout 2008, a number of fiscal measures — including a # 145 tax cut for basic rate (below # 34,800 pa earnings) tax payers, a temporary 2.5 % cut in Value Added Tax (VAT), # 3 billion worth of spending brought forward from 2010 and a # 20 billion Small Enterprise Loan Guarantee Scheme — were introduced.

«Some has, in fact, already been withdrawn with the return of the standard rate of VAT to 17.5 % at the beginning of the month.

28 per cent - the new rate of capital gains tax for higher rate tax payers 25 per cent - budget cuts facing most government departments 20 per cent - the new VAT rate from 4 January 2011 14 times George Osborne said the word word cut in his budget speech

Since the election, it has also emerged that the former chancellor Alistair Darling wanted to raise VAT to 19 per cent, a single percentage point lower than the rate that will be introduced in January 2011.

The 17.5 per cent rate of VAT has been in place since 1991, except for the temporary reduction to 15 per cent introduced by Alistair Darling as the last Labour government sought to tackle the recession.

In his article, Mr Balls said he privately urged Mr Brown to make a manifesto commitment not to raise VAT from its current 17.5 % rate, but «others disagreed».

• Holyrood will receive a proportion of the VAT raised in Scotland, amounting to the first 10 percentage points of the standard rate (ie with the current standard VAT rate of 20 %, Scotland will 50 % of the receipts), but can not influence the UK's overall UK rate.

In general, men not only featured larger amounts of VAT for any degree of total body fat but also higher levels of fatty acids (FAs) turnover with higher rates of lipolysis and lipogenesis in VAT compared with women (20In general, men not only featured larger amounts of VAT for any degree of total body fat but also higher levels of fatty acids (FAs) turnover with higher rates of lipolysis and lipogenesis in VAT compared with women (20in VAT compared with women (20).

Should VAT change before the beginning of the Congress, the Congress Secretariat will automatically change the price of your hotel room and inform you in writing about the new rate.

The prices are inclusive of any applicable VAT and any details given in relation to exchange rates are approximate only and may vary from time to time.

The European Commission has launched an infringement procedure against France and Luxembourg in respect of reduced VAT rates applied to digital books by these states.

Of Amazon's residency in Luxembourg, a status which allowed it to charge cut rate VAT rate of 3 % on purchases vs. much higher rates had they been located elsewhere in the EU, Purcell stated flatly that «they are taking advantage of tax loophole that any publisher would if they could.»

Finally, once you factor in the wildly varying rates of value added tax (VAT)- — which are typically much higher on e-books (which are considered software) than print books (which are not)- — then you have even more of an emerging quagmire.

Luxembourg dropped eBooks from the standard 15 % VAT rate to 3 % in 2012.

By basing their operations there, they could sell books in most European countries at a reduced VAT rate.

In early 2012 Barnes and Noble joined Amazon and Kobo by opening up a Luxembourg office to not only offer e-books at a lower VAT rate, but to serve as a launch pad for future European expansion.

The country has one of the lowest VAT rates in Europe and provided companies like Amazon the ability to sell e-books at a 2 % VAT, helping them reach critical mass.

Although that issue has largely been resolved as digital publishing continues to take a stronghold in the book economy, Turkey only this month became one of the more recent companies to finalize legislation lower its VAT tax percentage rate from eighteen percent to only eight percent.

EU legislation allows Member States to apply reduced VAT rates to a limited list of goods and services set out in Annex III to the VAT Directive.

I suspect that the complicated VAT regulations might have something to do with this, as well as currency exchange rates (the authors told me that the price they entered would be in dollars, so the Euro price would change according to the conversion rate).

This is on the basis that they are a service, and not listed in Appendix III of the EU VAT Directive as being entitled to enjoy the same reduced VAT rates as printed book.

More recently, two countries in the EU decided to risk the penalties associated with not charging the full VAT rate on books, a move that seemed both honorable and risky at the same time.