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Sin Taxes – a soft target that does more harm than good - Biznews 23 February 2021 - The argument for sin taxes is frequently made. Arguments against sin taxes, however, are rarely discussed, and never feature in the National Treasury’s budget speeches. At first glance sin taxes make sense… The taxed items aren’t essentials and increasing the price of unhealthy substances should reduce their appeal. Ivo Vegter from the Daily Friend delves a little deeper into the most popular indulgences around the world and finds that, in South Africa, sin taxes might not be that simple. During one o...

HCOBIG7350 - Biodiesel and bioblend - production, storage and delivery: biodiesel: deliveries You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Biodiesel: deliveries Revenue requirements in respect of delivery of biodiesel will be determined by the place of production and if the biodiesel has been set aside for a chargeable use or delivered for further process (i.e. blending). biodiesel set aside as road fuel must be delivered on payment of excise duty or may be held under duty suspension in an adjacent pr...

Rubik's Cube Of Petrol, Diesel Pricing Crowded Petrol Station (Photo by Mujeeb Faruqui/Hindustan Times via Getty Images) Snapshot Explained thus is why fuel prices are rising in India and why it is not in the government's interest to reduce taxes on petroleum products. The steady rise in petrol and diesel prices with the petrol retail price crossing Rs 100 in some cities has put the spotlight again on a recurrent subject. This beckons an attempt to marshal some relevant facts. India is the third biggest energy consumer after China (about four times India’s consumption) and USA (about...

Superyacht Chartering VAT exempt in Spain - SuperyachtNews Press Releases news

By Etuka Sunday The Federation Accounts Allocation Committee (FAAC), yesterday at its meeting through Virtual Conference shared to the three tiers of government, a total sum of N619.343 billion as federation allocation for the month of December, 2020. From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N218.297 billion, the States received N178.280 billion, the Local Government councils got N131.792 billion while the oil producing states received N31.827 billion as derivation (13% of Mineral Revenue) and Cost of Collection/Transfer and Refunds...