While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves ...

The surprise inclusion of VAT to calculate tariffs prompts questions over the possible impact on British businesses.

President Trump on Thursday directed federal agencies to study reciprocal tariffs aimed at matching taxes and other economic ...

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...

A historic church at the heart of Britain’s slavery abolition movement is facing a financial crisis after the Government ...

The tough economy has been compounded by lower personal and household incomes due to increased pay slip deductions.

A council is being forced to spend more than £8,000 a year for a schoolgirl’s taxis after she was forced out of her private ...

Sir Keir Starmer is on a collision course with Donald Trump over the future of Ukraine and the president’s latest threat to ...

Economic experts have warned that the UK could actually be hit harder than China by Donald Trump's new trade war tariffs, ...

Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax ...

The White House has insisted that its new tariffs would equalize the ability of the U.S. and foreign manufacturers to compete. The European Union, for example, has an average VAT of 21.8 percent, ...

Italian prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 ...