Tax & Accounting Blog

Finland — VAT Increase Announced

Finland — VAT Increase Announced

Following budget deliberations this week Finnish Government Ministers have announced an increase in value added tax (VAT) across the board by one percentage point. Prime Minister Jyrki Katainen has indicated raises in tax rates will take precedence over saving cuts in the government’s budget plans. The planned increase, which will affect necessities such as food and … Read More

U.K. Announces Changes to VAT Registration Thresholds

U.K. Announces Changes to VAT Registration Thresholds

In Budget 2012, presented to Parliament by United Kingdom Chancellor, George Osborne on March 21st, several changes to VAT registration thresholds were announced that will be effective from 1 April 2012. Those changes are as follows: the registration threshold will be increased from GBP 73,000 to GBP 77,000; the deregistration threshold will be increased from GBP … Read More

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INDIAN UNION BUDGET 2012-2013 ANNOUNCED: NO TIMELINE FOR GST IMPLEMENTATION

The Indian Union Budget 2012-2013 was announced by the Finance Minister Pranab Mukherjee on March 16.  Although no timeline was announced for introduction of GST (Goods and Services Tax), a number of proposals were released which are perceived to be preparation for the eventual launch of GST.  Such proposals include, but are not limited to … Read More