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Showing posts from March 20, 2019

1844 ROOM

The Queen often hosts private events at her home in Buckingham Palace, and it has been revealed that on Wednesday, she invited a selection of guests for a lunch in the 1844 room. The monarch invited her son, the  Duke of York , to the meal, along with guests Ms Judith McNicol - Director, National Railway Museum, Ms Jane Lush - Deputy Chair, BAFTA, Ms Felicity Aston – an explorer, Vice Admiral Timothy Fraser - Chief of Joint Operations, Mr. Peter Glenser - Chairman, BASC, Mr. Willie Cameron - Director, Highlands & Islands Tourism, Mr. Anthony Joss - Welsh Livestock Welfare, abd Sir David Adjaye – an Architect. The 1844 Room is of special significance in the Palace, as it is the room where Her Majesty meets her valued guests, including Angelina Jolie and Barack and Michelle Obama. The Queen has had a busy week, and on Tuesday undertook her first ever solo royal engagement with her granddaughter-in-law, the Duchess of Cambridge. The pair paid a visit to King's College London to

Increase the Value Added Tax (VAT) up to 50 percent

The planned upward review of the Value Added Tax up to 50 percent was disclosed by the Minister of Budget and National Planning, Senator Udo Udoma, and the Chairman of the Federal Inland Revenue Service, Babatunde Fowler, in Abuja when they appeared before the Senate Committee on Finance. The duo, who was in the Senate to explain details of the 2019-2021 Medium-Term Expenditure Framework and Fiscal Strategy Paper expected to be the benchmark for the 2019 budget deliberations, added that the increment in VAT would enable the Federal Government fund the new national minimum wage. Fowler further explained that the proposed payable VAT by Nigerians, based on the increment, would actually be between 35 percent (6.75%) and 50 percent (7.25%). The government is currently charging five percent VAT on all products in the country. Fowler said the FIRS’s goal was to achieve an N8 trillion revenue generation target this year. He said: “By the end of this year, we should be ready for an