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[Politics] VAT











Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
71,903
Living In a Box
What about like the USA and have county sales tax
 








studio150

Well-known member
Jul 30, 2011
29,553
On the Border
The Telegraph certainly kept up their pro Brexit stance with the headline of VAT to be scrapped post Brexit, when all has really been suggested is a lower rate of tax on goods and services to offset the import duties from a WTO leave.

But of course VAT is associated with the EU, but a tax is a tax regardless of where it comes from.
 






Dick Swiveller

Well-known member
Sep 9, 2011
9,142
Depending on the changes, there are potentially huge costs to businesses having to update software/accountancy systems to deal with any changes.
 


Knocky's Nose

Mon nez est en Valenciennes..
May 7, 2017
4,133
Eastbourne
It's all wind and piss, smoke and mirrors, and magic cups at Paul Daniel's Bunco Booth. If the Government change a tax, it will only benefit them in some way. In this case, it may be just to win votes - but no matter what happens we won't be 'better off'.

Governments need tax revenues. They will always get them from us, just in different and ingenious ways - and if they can do it whilst making us think we're winning, then more fool us.
 






DumLum

Well-known member
Oct 24, 2009
3,772
West, West, West Sussex.
It's all wind and piss, smoke and mirrors, and magic cups at Paul Daniel's Bunco Booth. If the Government change a tax, it will only benefit them in some way. In this case, it may be just to win votes - but no matter what happens we won't be 'better off'.

Governments need tax revenues. They will always get them from us, just in different and ingenious ways - and if they can do it whilst making us think we're winning, then more fool us.

Exactly. It's a vote winner but I think it would only benefit the rich.
Will this sales tax still be zero rated on children's clothes and food?
 








trueblue

Well-known member
Jul 5, 2003
10,349
Hove
How can a tax which is based upon how much you spend, excluding food & kids clothes etc, be made any fairer?

VAT is a regressive tax as the price of an item impacts more heavily on people who earn less. Income tax is a progressive tax and fairer. Sadly most people don't seem to get that and whine if someone suggests putting it up by a couple of pence in the pound.
 


DumLum

Well-known member
Oct 24, 2009
3,772
West, West, West Sussex.
VAT is a regressive tax as the price of an item impacts more heavily on people who earn less. Income tax is a progressive tax and fairer. Sadly most people don't seem to get that and whine if someone suggests putting it up by a couple of pence in the pound.

I can't see the financial black hole being filled by a rise in income tax whilst the Conservatives are in power?
 


dejavuatbtn

Well-known member
Aug 4, 2010
7,128
Henfield
VAT is a regressive tax as the price of an item impacts more heavily on people who earn less. Income tax is a progressive tax and fairer. Sadly most people don't seem to get that and whine if someone suggests putting it up by a couple of pence in the pound.

Generally people can’t get out of paying tax on products, whereas avoiding income tax seems to be a hobby in this country.
 




dejavuatbtn

Well-known member
Aug 4, 2010
7,128
Henfield
Exactly. It's a vote winner but I think it would only benefit the rich.
Will this sales tax still be zero rated on children's clothes and food?


I think the point is that we would have control of our own taxes (rates and when to charge), rather than compliant with someone else’s rules.
 





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