Value Added Tax (VAT)

RECENT NEWS  Feb 15  Comment 
STOCKHOLM (dpa-AFX) - The H&M group (HNNMY.PK, HMRZF.PK, HEN.L) reported that its sales including VAT increased by 8 percent in local currencies in January 2017 compared to the same month last year. Sales in January were negatively affected by...  Jan 30  Comment 
STOCKHOLM (dpa-AFX) - The H&M group (HNNMY.PK, HMRZF.PK, HEN.L) reported that its fourth-quarter profit after tax increased year-over-year to 5.91 billion Swedish kronor from 5.53 billion kronor, corresponding to 3.57 krona per share compared to...  Jan 16  Comment 
STOCKHOLM (dpa-AFX) - Swedish retailer Hennes & Mauritz (HNNMY.PK, HMRZF.PK, HEN.L) reported that its December group sales including VAT increased by 6 percent in local currencies compared to the same month last year. Converted into SEK,...
The Economic Times  Jan 8  Comment 
Most states witnessed a sharp increase in sales tax collections, with those of Nagaland, Meghalaya and J&K surging by 133%, 84% and 82%, respectively.  Dec 21  Comment 
Public accounts committee expected to examine overseas traders evading hundreds of millions in tax on online sales An influential committee of MPs is poised to launch an investigation into Britain’s £1bn online shopping VAT fraud crisis after...  Dec 15  Comment 
STOCKHOLM (dpa-AFX) - Swedish retailer Hennes & Mauritz AB (HNNMY.PK, HMRZF.PK, HEN.L) reported Thursday that its November sales including VAT increased 9 percent in local currencies. In the preceding month of October, sales increased 10 percent...  Dec 14  Comment 
The popular colouring books will now remain VAT-free unless they are specifically marketed towards adults HMRC has announced that it will not impose VAT on most colouring and dot-to-dot books for adults – reversing its plans from earlier this...
Financial Times  Dec 13  Comment 
Booksellers must not market the products as ‘suitable for adults’  Nov 28  Comment 
Guardian investigation finds goods such as iPads and laptops being sold tax-free Huge numbers of VAT fraudsters are illegally selling goods tax-free to British shoppers on Amazon and eBay this Christmas, despite new government efforts to crack...

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