Posts Tagged ‘VAT cut in Britain’
Angry Retailers Condemn VAT Return on New Year’s Eve
Tuesday, June 23, 2009 10:22 No CommentsThe VAT cut in Britain was generous, costing the Treasury about £1 billion a month lost revenues, or an estimated £12.4 billion over the period of reduction. Recently, the UK’s largest retailers attacked the Government over fears that the timing of VAT being returned to 17.5 per cent would cause huge disruption during the Critical [...]
