The Chancellor has been urged to drop VAT on energy efficient domestic appliances in a scheme that would mirror the car scrappage programme.

Figures suggesting that not all retailers passed on last December’s cut in VAT have been countered by a leading trade organisation.

The government has acted to prevent the risk of fraud by removing VAT from carbon credits.

Businesses that delayed settling their tax bills under a scheme introduced by the government to help those struggling in the economic downturn are paying back the much of the money owed.

Charities are all set to benefit from a tax break on any donation made by text message.

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