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| Vat https://www.warwickshireonline.com/viewtopic.php?f=67&t=11530 |
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| Author: | margaret [ Sat Sep 18, 2021 6:31 pm ] |
| Post subject: | 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? |
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| Author: | rebbonk [ Sat Sep 18, 2021 10:44 pm ] |
| Post subject: | |
Margaret, You are correct in that it was an EEC tax, but we had our own version, purchase tax, that it replaced. |
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| Author: | Lex [ Sun Sep 19, 2021 4:34 pm ] |
| Post subject: | |
VAT's a nice source of income for the government, so it won't be abolished! |
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