VAT news and archive

Pakistan proposes no VAT on textiles

In order to boost its growing textile sector, Pakistan's commerce ministry has promised to do away with value added tax (VAT) for textiles and make it zero from July 1 2016. Federal commerce minister Khurram Dastgir Khan made the announcement at the 15th Textile Asia 2016 exhibition, an international B2B textile and machinery show, which took...

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Airport retailers fail to pass on duty free to consumers

Airport shopping used to be a pre-holiday pleasure, but UK retailers are facing calls to be more honest with airport customers as they collect millions of pounds in VAT discounts on duty-free items without passing on the savings. Many stores in airports across the UK now demand that passengers present their boarding cards at checkouts before...