VAT news tagged as "Conservatives"

United Kingdom

UK VAT cut pitch sensible?

August 2nd, 2016

The investment bank, Bank of America Merrill Lynch, has proposed a temporary reduction in the UK’s standard VAT rate from 20% to 17.5%. It has suggested this to counter the inflationary effects of the UK’s currency, Sterling, falling by around 15% since the Brexit referendum, and to keep consumers spending. Do temporary VAT cuts work? …


United Kingdom

UK’s Prime Minister rules out VAT rise

March 25th, 2015

The UK’s Prime Minister, David Cameron, today ruled out the prospect of a UK VAT rise immediately after the upcoming national election if his party wins.  The confirmation came at the weekly Prime Minister’s questions. The opposition Labour party had been putting the Conservative party leader under pressure to confirm that he would not need …