The messages in HMRC’s Junior Tax Facts video are very simple, as the Personal Finance Education Group noted:
that taxes provide the money that is needed to pay for the things that are essential to young people, their families, communities and society as a whole.
The target audience is 8-11 year olds. Continue reading Tax in education: HMRC resources for schools
The UK’s VAT regime is showing its age as business practices have evolved, but consultations with businesses have identified several possible improvements to make the system ready for “tomorrow with all its digital possibilities,” according to the Office of Tax Simplification.
The OTS has invited input from business and tax advisers by June 30 on eight aspects of VAT where changes might bring simplification. Read more:
My news story for Tax Analysts, 1 March (paywall)
OTS: Review of VAT