Archive: Vat

Cable fined over missed tax bill

Another gaffe from the business secretary

Business secretary Vince Cable has been rapped for failing to pay a tax bill worth as much as £25,000.

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Time to cut VAT, Balls tells Osborne

Ed Balls wants a temporary cut in VAT

George Osborne should cut VAT to stimulate the struggling UK economy, shadow chancellor Ed Balls has suggested.

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Labour loses Commons vote on petrol prices

Pumping gas: Some motorists complain they are being priced off the roads

Labour has lost a vote on petrol prices, after a debate calling for a cut in the level of VAT at the pump.

'Osborne the Grinch': Your £283 Xmas tax bill

Resemblance? The beneficiary of the £7.2 billion Christmas tax bill

The tax bill on Christmas purchases for the average family will mount to £283 this year, the Taxpayers' Alliance warns.

Darling: I wanted to raise VAT

Alistair Darling prepares his final Budget - which did not contain a VAT hike, against his wishes

Former chancellor Alistair Darling has admitted he was barred from raising VAT by Gordon Brown.

Rebels fail to topple VAT hike

The Chancellor plans to tackle the deficit through a VAT hike

The controversial VAT increase has survived a vote in the Commons despite hostility from both government and opposition MPs.

Economists say VAT will rise

Leading economists say VAT will have to rise

The new government will have to increase VAT, leading economists have said.

Clegg accuses PM of 'wasting' £12.5bn on VAT cut

Clegg accuses PM of 'wasting' £12.5bn on VAT cut

Liberal Democrat leader Nick Clegg has labelled the 2.5 per cent cut in VAT as a "waste of money".

Treasury rejects VAT fraud figures

Treasury rejects report suggesting it lost £8.4 billion in VAT fraud last year

The Treasury has rejected a new report suggesting more than £8 billion in VAT was stolen by fraudsters last year.

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