Transfer Rumour More Callum Wilson rumours (1 Viewer)

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Deleted member 4439

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What are you on about? It existed way before the EU as Purchase Tax.

True, but unless we leave the EU it can't be abolished: all member states have to have a VAT rate, or the equivalent, of 15% (wiki is your friend...)
 

Sky_Blue_Dreamer

Well-Known Member
True, but unless we leave the EU it can't be abolished: all member states have to have a VAT rate, or the equivalent, of 15% (wiki is your friend...)

Why do you think we'd abolish VAT (or an equivalent sales tax)? They wouldn't get rid of it on sanitary products even though it would clearly be the right thing to do so do you really think they're going to be prepared to lose their second highest tax generator and about 1/5 of their total tax revenue?
 
D

Deleted member 4439

Guest
Why do you think we'd abolish VAT (or an equivalent sales tax)? They wouldn't get rid of it on sanitary products even though it would clearly be the right thing to do so do you really think they're going to be prepared to lose their second highest tax generator and about 1/5 of their total tax revenue?

I think you confused my pedantry with an interest on debating what might happen with vat in the case of brexit.
 

shmmeee

Well-Known Member
No it didnt

Yes it did.

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mark82

Moderator
It's not going to stop after Brexit anyway, it's one of the biggest sources of revenue for the government.
 

shmmeee

Well-Known Member
It's not going to stop after Brexit anyway, it's one of the biggest sources of revenue for the government.

It should. It’s a terrible tax, but we aren’t about to bring in wealth taxes under a Tory government soooo.
 

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