One of my colleague filed VAT returns and incorrectly reclaimed VAT for £2k. It was found out at review by HMRC and was sent CCFS7A notice stating it is for information about any potential next steps ...

Supreme Court held that as per section 13 (7) of the Uttar Pradesh Value Added Tax Act, 2008 [UP VAT Act], input tax credit will not be allowed to a dealer with respect to the purchase of any goods ...

The African National Congress (ANC), alongside some of its Government of National Unity (GNU) partners, and a few opposition parties, held a joint media briefing in Sandton following the withdrawal of ...

National Treasury announced that government had backtracked on its plan to raise VAT by 0.5% next month but also warned that tough spending decisions lie ahead to fill a R75 billion budget gap.

Scrapping the VAT increase will slightly affect inflation, but government will have to find the money elsewhere to balance the budget.

Treasury has backtracked on its fiscal framework due to political backlash. The DA and EFF took to the Western Cape High Court earlier this week demanding the proposed VAT hike to be scrapped. The DA ...

Eskom has implemented Stage 2 loadshedding on short notice, but many said they expected it after the VAT increase was scrapped by the Finance Minister.

News24 brings you the top stories of the day, summarised into neat little packages. Read through quickly or listen to the ...

The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that ...

The Food and Drug Administration  has added nine drug products to the list of essential medicines that are exempted from ...

Government could find the money by cutting in areas where there is a lot of fat and wastage, but not in health, police or education.

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...