Vat

  • BusinessAOL

    First drive: Mercedes X-Class

    Mercedes has built excellent vans for many years, but the X-Class is the brand's first foray into the lucrative pick-up truck market. AOL Cars gets behind the wheel... What is it? There aren't too many niches left to fill in the car

    1-min read
  • HealthAOL

    Sugar levy: Why tax our pop?

    George Osborne is to slap a new levy on fizzy drinks. The idea is to discourage unhealthy habits that lead to obesity. Will it work? Simon Wilson reports. What has George Osborne proposed? The chancellor has proposed a levy on companies that

    5-min read
  • NewsKate Solomon

    Could This Be The End Of The Tampon Tax? Ministers Agree To Lobby EU Bigwigs

    The British government will finally lobby the EU to do away with the 5% VAT currently levied on sanitary products, a penalty that is being called ‘Vagina Added Tax’.  Women pay 5% VAT on tampons and sanitary items since the last Labour government cut the rate from 17.5% to 5%. The government says it can’t get rid of the tax altogether because the current EU rules do not allow it.  Campaigners have been lobbying for the abolition of the Tampon Tax, which sees sanitary products taxed as ‘luxury i

  • BusinessAOL

    VAT cut 'would create 425,000 new jobs in hospitality industry'

    Hundreds of thousands of jobs would be created if the Government cut VAT on food and drink from 20% to 10%, according to a new report. A campaign group said 425,000 new jobs would be created, with a further 150,000 if VAT was reduced to 5%.

    1-min read
  • BusinessAOL

    Queen's Speech risks: worries over house prices and tax

    The Queen's Speech is a time for pomp, ceremony and tradition. One of the more timeless traditions is for the Prime Minister to talk up the new era of joy and plenty to be ushered in by the changes under the new Parliament: where the

    4-min read
  • PoliticsAOL

    Five year tax freeze? Pull the other one

    A five year tax freeze is being promised by David Cameron should the Conservatives be voted in next week, and it's not just any old tax freeze – he's trying to convince us he's really serious by committing it into law.

    2-min read
  • BusinessAOL

    How does your tax rate compare to other countries?

    You spent almost five months of 2014 working for the taxman, because the government took the equivalent of everything you earned between 1 January and 28 May in tax. This isn't just the nasty pain of income tax, but a host of other

    5-min read