TaxCorporate TaxAvoid VAT rise on food and children’s clothes, urges retail body

Avoid VAT rise on food and children's clothes, urges retail body

British Retail Consortium wanrs against VAT rise

Items already zero-rated for VAT, such as children’s clothes, food and books,
must be kept exempt from the VAT rise or hit the must vulnerable members of our
society, warns the British Retail Consortium.

With the new government expected to introduce a VAT rise in the emergency
Budget, the consortium said a rise would impact on the retailing sector and the
wider economy.

The consortium welcomed plans for an 80:20 split on public sector cuts to tax
increases, and halving the deficit over fours years.

Further reading:

Kingfisher
chief calls for smarter VAT increase

Taxed
for being too tall

VAT
hike to 20% expected by economists

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