Ending VAT-free shopping ‘will hit UK tourism and retail

A government plan to end VAT-free shopping for international visitors at the end of the year could cost the UK billions of pounds in lost income, travel and retail bosses have warned. In a letter to the chancellor, the heads of firms such as Marks & Spencer,...

Tax Audit in the UAE: Know the Procedure & Prepare Yourself

The Tax Procedures Law (Federal Decree-Law no. 7) defines a Tax Audit as a procedure undertaken by the Federal Tax Authority to inspect the commercial records or any information or data related to a Person conducting Business. Tax audits in the UAE are conducted by...

BREXIT: UK internal market bill far from being ready

UK’s internal market bill although not ready it is sparkling controversial discussions about the final agreement. More specifically the bill in its early stage allows ministers to pass regulations that oppose the withdrawal agreement signed with the EU. At the...