This VAT and Duties Tribunal decision, Riverside Sports & Leisure Limited, concerned the grant of a lease over sports facilities. It illustrates the point that value added tax (VAT) can be problematical in the most innocuous of transactions. In...

The VAT tribunal has decided that the sale of a 'future property rental business' qualified as a transfer of a going concern. If the sale of a property rental business satisfies the conditions that apply to sales of businesses as going concerns, th...

The 'option to tax', or 'election to waive exemption' is a facility that allows property owners to charge VAT on sales and lettings, rather than exempting them. This means that they can recover VAT they incur on construction and other costs. Various...

Secretary-General Angel Gurría provided closing remarks at the first meeting of the OECD Global Forum on Value Added Tax (VAT) held in Paris. The meeting focused on designing efficient and equitable VAT systems and analyzing their impacts on international trade.

"Value-added" is an unfortunate term. It suggests that we’ve measured the sum of all that teachers contribute or the sum of their value, which is dehumanizing as well as inaccurate.

On the one hand, value-added measures, like chainsaws, can be powerful tools and really useful for the right problem, like cutting down a tree. On the other hand, chainsaws, like VAMs, can do a lot of damage if you’re not careful and don’t know what you’re doing.