Now I’m not talking about the nutritional benefits of food. No, I’m talking about the cost to you of purchasing food. The recent tax budget in the UK has caused a bit of a debate. The background to matters is that, as is the case in a lot of countries, when food is sold in [...]

When you speak with your lawyer, you can say almost anything and be confident in the knowledge that the lawyer will be able to preserve the confidentiality of your discussion. Most people probably assume the same thing when having discussions with their accountant, especially in the context of discussing tax planning opportunities with a tax [...]

“Double, double toil and trouble, fire burn, and cauldron bubble” so goes the famous Witch’s chant from Act 4, scene 1 of Macbeth but was a similar chant taking place last week when a potential Witch Tax was rejected by the Romanian Senate? Like many countries around the world Romania suffered badly during the recession. [...]

Binge drinking in the UK is a major problem. City centres at the weekend can be full of people that are literally trying to drink as much as possible in as short a period of time. Violence and health issues often ensue. As well as the disturbances to local residents there are also the costs [...]

On the way into the office this morning I was stuck in traffic next to a Peugeot 207 vehicle which was identical to the model to the left except that it was red rather than white. If you’re heading to the ACCA UK stream tax exams on Monday then do you care if this vehicle [...]

I’ve just come back from a short trip to the States. Whilst in most European countries VAT is taken for granted, in the US there is considerable debate over whether a VAT system should be established. Although there is no VAT in the US at the moment, there are in fact sales taxes present in [...]

We know the allocation of marks in the exam between the various taxes but what about the revenue generated? ACCA F6 students will be well aware that the vast majority of marks available in the exam are in connection with income tax and corporation tax. Other taxes such as CGT and VAT also play an [...]