I have been following through the logic of the IFS proposal that VAT be applied at standard rate to all supplies of goods and services
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Children’s clothes: the IFS wants to add more than £100 a year to the bill
I happen to have two sons who both qualify for 0% VAT rate clothing. I admit I do not keep a tab of what it
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IFS would increase average fuel bill by £154 a year – that’s an 11.9% increase
The average household fuel bill is more than £1,300 a year. VAT at 5% is included in that: about £62 in all. Now suppose that
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Average food bill to rise by £13.46 a week if IFS have their way
The average household shopping bill is about £5,200 a year based on British Retail Consortium data, extrapolated from here. Most, but not all food is
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Shall we buy a yacht or feed the children?
I found it extraordinarily depressing to read the Institute for Fiscal Studies press release on the reform of VAT issued last Friday. Its headline is
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Living separate lives
A London lawyer has said: We now live in a separate economy, we live on a separate level to the vast majority of people in
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My del.icio.us bookmarks for August 4th
These are my links for August 4th: News – Europe: Sars adds muscle to tax haven inquiry – The impact of cracking Liechtenstein ripples ever
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Richard Murphy
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