Tories examine raising VAT to 20%
Party refuses to rule out a hike in VAT if it wins 2010 election
Party refuses to rule out a hike in VAT if it wins 2010 election
The Tories have studied a possible hike in the rate of VAT to 20%, with the
party refusing to rule out a rise if it is elected, according to the Daily
Mail.
The VAT hike is a policy first discussed by Labour and would raise an
estimated £10bn.
The Mail quotes an unnamed source who said tax rises would have to
be part of the Tory policy equation.
The paper said William Hague refused to rule out the policy saying the shadow
chancellor George Osborne would not be forced into writing a 2010 Budget now.
More about:
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View articleThe accountancy world has reacted to the news that the UK has voted to leave the EU Read More...
View articleHMRC assessed the company for over £50,000 of underpaid VAT relating to the hire of the hotel’s Tamarisk Room Read More...
View articleUK-led beneficial ownership plans adopted in over 20 jurisdictions, including Gibraltar, Isle of Man and Montserrat Read More...
View articleNations that defy international tax agreements should be listed and punished accordingly, Osborne suggests Read More...
View articleOsborne delivers ‘another hammer blow’ to offshore tax evasion by announcing data partnership with biggest European economies Read More...
View articleHMRC investigation finds Harrow accountant guilty of Gift Aid and VAT fraud Read More...
View articlePrime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...
View article