Results 1 to 3 of 3

Thread: Vat

  1. #1
    Pillar of the Community margaret's Avatar
    Join Date
    Sep 2018
    Posts
    2,120

    Question Vat

    My doubtless faulty understanding was always that VAT was a European tax, that is, that it was imposed when we entered the common market as a sales tax. If that is the case, then why are we still paying VAT post Brexit?
    I doubt sometimes whether a quiet and unagitated life would have suited me - yet I sometimes long for it.

    - Lord Byron.

  2. #2
    Super Moderator rebbonk's Avatar
    Join Date
    Oct 2017
    Location
    Coventry
    Posts
    4,821

    Default

    Margaret, You are correct in that it was an EEC tax, but we had our own version, purchase tax, that it replaced.
    Of course it'll fit, you just need a bigger hammer.

  3. #3
    Administrator Lex's Avatar
    Join Date
    Jun 2012
    Location
    Stratford
    Posts
    8,924

    Default

    VAT's a nice source of income for the government, so it won't be abolished!

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •