TaxCorporate TaxKingfisher chief calls for smarter VAT increase

Kingfisher chief calls for smarter VAT increase

VAT on certain products better than blanket rise to 20%, says Ian Cheshire

Levying VAT across more products is a better option than a blanket rise to
20%, suggests the chief executive of Kingfisher.

Ian Cheshire, boss of the B&Q owners, said that while tax rises were
inevitable the government should look at the structure of the rise, reported
the
Times
.

He called for a “smarter” form of tax rises, around encouraging or
discouraging certain forms of behaviour.

Cheshire pointed out that junk food was subject to sales tax but that no VAT
was levied on sugar.

Further reading:

Taxed
for being too tall

Raise
income tax not VAT, say finance managers

VAT
hike to 20% expected by economists

Related Articles

'Innocent' companies will be hit by tough HMRC anti-fraud powers

Corporate Tax 'Innocent' companies will be hit by tough HMRC anti-fraud powers

1y Stephanie Wix, Writer
Building company director banned for 7 years for VAT under-declaration

Corporate Tax Building company director banned for 7 years for VAT under-declaration

1y Richard Crump, Writer
Berkshire motor business VAT fraudsters sentenced

Corporate Tax Berkshire motor business VAT fraudsters sentenced

1y Richard Crump, Writer
The growth and challenges of digital sales taxes globally

Corporate Tax The growth and challenges of digital sales taxes globally

1y Editorial comment
CIoT urges government to rethink VAT approach to online traders

Corporate Tax CIoT urges government to rethink VAT approach to online traders

1y Richard Crump, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
HMRC calls for extra time in Spot the Ball legal battle

Corporate Tax HMRC calls for extra time in Spot the Ball legal battle

2y Fraser Simpson, Reporter
Bishop Fleming launches new cloud accounting product

Accounting Firms Bishop Fleming launches new cloud accounting product

2y Richard Crump, Writer