The Tax Track
In this podcast series from the Institute of Chartered Accountants in England and Wales, experts from the Tax Faculty discuss the biggest tax stories of the month, with advice for professionals in the sector to keep their knowledge and skills sharp.
The Tax Track
How to fix VAT
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ICAEW
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Season 1
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Episode 11
In this episode we’ll be talking about the problems with VAT and why ICAEW is launching a new campaign, How to Fix VAT.
Introduced in the UK some 50 years ago, VAT is now the UK’s third largest source of tax revenue, behind income tax and national insurance contributions. But, it can be costly and complicated to comply with, and that’s despite previous efforts at simplification.
Links
- The complicated and costly world of VAT
https://www.icaew.com/insights/tax-news/2024/oct-2024/the-complicated-and-costly-world-of-vat - The ups and downs of the VAT registration threshold
https://www.icaew.com/insights/tax-news/2024/sep-2024/the-ups-and-downs-of-the-vat-registration-threshold - Progressive VAT: is now the time?
https://www.icaew.com/insights/tax-news/2024/oct-2024/progressive-vat-is-now-the-time
Panellists
- Stephen Relf, Technical Manager, Tax, ICAEW
- Ed Saltmarsh, Technical Manager, VAT and customs, ICAEW
- Ruth Corkin, Principal, VAT and Indirect Tax Advisory, Hillier Hopkins
Producer
Ed Adams
Episode first published: 29 October 2024
Podcast recorded: 22 October 2024