VAT rise ruled out as part of pre-Budget report
AA readers say there is 'no way' the Chancellor will press ahead with a rise to the VAT standard rate in the pre-Budget report
Accountancy Age readers believe the Chancellor will not press ahead
with a rise to the standard rate of VAT in the pre-Budget report on 24 November.
Some 62% of respondents to a poll on our website said there is ‘no way’
Alistair Darling will propose an increase.
A VAT rate rise had been expected but, in the last few days, moves to cut
taxes as a fiscal stimulus have taken precedence over revenue-raising measures
in political discussion.
Some 22% of respondents to the poll thought the prospect of a VAT rate rise
is still a consideration in
the short-term. A total of 10% felt Darling was likely to raise VAT by more than
1%, with a mere 6% believing it would rise by less than 1%.
The November PBR will be the first since 2002.