VAT Director Gilly McGill was a little disheartened after the Autumn Statement, as she initially thought the revisions on VAT were lacking. However, a post budget discussion with Tax Partner Dominic Carter brought the impact of fiscal drag to the table which, on closer inspection, will have implications across all taxes. In this episode they discuss inflationary impact, the increase in businesses brought into VAT registration, Capital Goods Scheme reporting, Making Tax Digital and, ultimately, what the impact of fiscal drag means for the level of tax paid by businesses and individuals. For further information on today’s topic, and how we can help support you and your business on all tax related matters, click here. You can get in touch with our presenters directly through the Our People section of our website here. GET IN TOUCH! If you have any questions on today’s episode, and would like us to get in touch, email us at [email protected]. We would also love it if you could rate us 5 STARS on Apple Podcasts or Spotify, this really helps people find us! You can find more episodes from this series on our website here. Listen here!