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margaret
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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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| Sat Sep 18, 2021 6:31 pm |
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rebbonk
Pillar of the Community
Joined: Thu Oct 12, 2017 6:10 pm Posts: 9402 Location: Coventry
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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.
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| Sat Sep 18, 2021 10:44 pm |
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Lex
Pillar of the Community
Joined: Mon Jun 25, 2012 8:54 am Posts: 13947 Location: Stratford
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VAT's a nice source of income for the government, so it won't be abolished!
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| Sun Sep 19, 2021 4:34 pm |
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