Archive for VAT

How much chocolate can you put on a gingerbread man before he becomes standard-rated for VAT?

30 April 2012 , , , , ,
You may not have considered this question before, so I’ll give you a little time to ponder it. [fx: Incidental music plays] So, got your answer? Here’s the official one from HMRC: standard-rate VAT applies to “Gingerbread men decorated with chocolate unless this amounts to no more than a couple of dots for eyes”. But, [...]

The problem with the pasty tax? It’s not had enough media coverage

30 March 2012 , , ,
No really. Despite the rush of politicians to recall when they last had a pasty or to be photographed eating one (me? south London, last weekend, Greggs, branch still open, no photo available), the problem is we’ve not had nearly enough media coverage of the pasty tax proposals. “What?!?! Not enough coverage?!?!”, you might well [...]

What Liberal Democrat members think of different tax policies

Lib Dem Voice has polled our members-only forum to discover what Lib Dem members think of various political issues, the Coalition, and the performance of key party figures. Some 550 party members responded, and we’re currently publishing the full results. Cut income tax and VAT but raise taxes on property: that’s the message from Liberal Democrat party [...]

The IFS answers… Is increasing VAT progressive?

25 November 2010 , ,
For the final part in our question and answer series with the IFS on a range of questions about their views on government policy it is the turn of VAT. The impact of increasing VAT is an issue on which I’ve changed my mind. I used to think that increasing VAT was a bad idea because [...]

Alistair Darling wanted to raise VAT

14 July 2010 , , ,
Throws a bit of a spanner in the works of the Labour rhetoric about how awful anyone who contemplates raising VAT is: Amid reported wrangling between No 10 and the Treasury, Lord Mandelson suggested in his memoir that Mr Brown rejected a proposal from the chancellor to raise VAT while Mr Darling quashed calls for [...]

Two Lib Dem MPs rebel over VAT

29 June 2010 , , , , ,
The Guardian: The coalition faced its first rebellion last night when two Liberal Democrat MPs voted against a budget proposal to increase VAT to 20%. Bob Russell and Mike Hancock voted with Labour to oppose the increase, which has alarmed many Lib Dems who warned during the election of a Tory VAT “bombshell”. To shouts of [...]