Indirect tax
View Deloitte's summary and analysis on the measures affecting indirect taxes
announced in the emergency Budget 2010.
Legislation will be introduced to increase the standard rate of VAT from 17.5% to 20%.
The Government has announced it is to examine whether the use of a 'General Anti-Avoidance Rule' would be appropriate.
A comprehensive review of the Government's commitment to moving to a low-carbon economy.
The standard rate of IPT, which is chargeable on most types of insurance apart from life assurance and long term insurance, will increase from 5% to 6%.
Other indirect tax measures
- Aggregates levy: Northern Ireland credit scheme
- Aggregates levy rate increase
- Climate change levy
- Excise duty - cider duty: reversal
- Excise duty - Tobacco products: long cigarettes
- Landfill tax rate increase
- Landline duty
- Reform of the aviation tax system
- Review of HMRC powers: penalties for late filing of returns and payment of tax
- Tax policy making: a new approach
- VAT: changes to the flat rate scheme
- VAT: change to zero-rating of 'qualifying' aircraft
- VAT: landfill tax
- VAT: Lennartz accounting: restricting application and securing revenue
- VAT: postal services
- VAT: place of supply of gas, heat and cooling
