While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves ...

The surprise inclusion of VAT to calculate tariffs prompts questions over the possible impact on British businesses.

President Trump on Thursday directed federal agencies to study reciprocal tariffs aimed at matching taxes and other economic ...

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...

Bedstone College in Bucknell, Shropshire, will close at the end of the academic year, with the school blaming the VAT rise in ...

An independent school in Shropshire that taught Britain’s Astronomer Royal has announced it is closing following Labour’s tax ...

A historic church at the heart of Britain’s slavery abolition movement is facing a financial crisis after the Government ...

The tough economy has been compounded by lower personal and household incomes due to increased pay slip deductions.

Sir Keir Starmer is on a collision course with Donald Trump over the future of Ukraine and the president’s latest threat to ...

Economic experts have warned that the UK could actually be hit harder than China by Donald Trump's new trade war tariffs, ...

Analysts said the response would be swift from China – and others – if the US imposes more tariffs to counter value-added ...

The White House has insisted that its new tariffs would equalize the ability of the U.S. and foreign manufacturers to compete. The European Union, for example, has an average VAT of 21.8 percent, ...