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New boss at helm of Compass after Cousins killed

Compass says Dominic Blakemore has taken charge at the world’s largest contract catering firm, following the tragic death of chief executive Richard Cousins. Mr Blakemore had been due to succeed Mr Cousins following his planned retirement in March but the FTSE 100 company confirmed on Tuesday the appointment had …

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Saudi Arabia and United Arab Emirates introduce VAT for first time

Value Added Tax (VAT) has been introduced in Saudi Arabia and the United Arab Emirates for the first time.The 5% levy is being applied to the majority of goods and services.Gulf states have long attracted foreign workers with the promise of tax-free living.But governments want to increase revenue in …

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