UK Chancellor Rishi Sunak claimed during his Mar. 23 Spring Statement that the UK can now introduce 0% VAT rates on items such as solar panels, heat pumps and insulation “thanks to Brexit” and because ...
The VAT rate was scheduled to rise to 15.5% on 1 May, but now remains at 15%. The proposed 0.5 percentage points has seen political parties putting pressure on Finance Minister Enoch Godongwana to ...
President Donald Trump wrongly said that “nobody from this country knew” about Mexico’s value-added tax until after NAFTA was signed. A deputy U.S. trade representative at the time NAFTA was put in ...
This is, for the most part, true as the UK can now set its own VAT rates across the board. However, in his speech (here Chancellor did not acknowledge that the European Union (EU) is also poised to ...
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