About £160 billion is raised from VAT.
Take that away and pay about 26% more income tax ?
I think NOT a good idea
Take that away and pay about 26% more income tax ?
I think NOT a good idea
VAT
- Thread starter berty3000
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Yep, in the EU this country couldn't even remove VAT from tampons. That's how insane the relationship was. A democratically elected, national government of one of richest countries in the world couldn't remove sales tax from a product it was considered, here, unjust to levy such a tax on. Wasn't possible because a foreign international body, supposedly needed for strategic reasons, was in fact micro managing on a massive scale. Absurd!
Reduce spending.
Have you heard of budgeting? Have you ever cut back your own spending to reduce outgoings and save money, or would you if it were necessary?
Normal for households. Normal for businesses. Normal for sound governments. Not normal for socialist governments.
VAT was 15%... then 17.5%... now 20% ... are you happy for it to keep rising? Combined with all the other duties and taxes.
Except that when we decided we wanted to (about 40 years after we'd decided we wanted to tax them), we, and the rest of the EU of which we were a major member) said we could.
So maybe we should blame the UK government that decided to put the tax on, and the following UK governments that didn't want to change it.
Blaming the EU for the actions of the UK government, like Brexers do, is with silly and disinhonest.
But we all know what Brexers are like.
Tell me the one about straight bananas.
Yes, that's how we ended up with potholed roads, crumbling schools and an under invested NHS.
Silly berty.
Purchase tax.
It is popular amongst anybody who wants to have more control over their own money. I.e. grown ups who work and earn a living. It is popular amongst those who wonder why they should pay thousands and thousands in tax when they want to buy a home or undertake necessary home improvements like replacing the roof or the windows. When they have already paid income tax and national insurance.
I would already have replaced my windows by now, but it is so expensive when the tax is added, not to mention all the inflation which is effectively a tax in itself caused by the state, that I haven't bothered. No money for the government (too greedy), no work for the company that would've manufactured and fitted them, no environmental improvement.
Are you seriously suggesting that the average non-elderly person who is not a Tory voter enjoys giving thousands of pounds to the government, to waste on nonsense, when they are spending their money on items their family needs? What mental asylum are you living in?
I also see you are doing that thing of criticising those who want taxes to be lower, pinning it on tory voters, but also defending what the tory government is doing...
You are confused and very stupid.
No, it is wasting money on garbage like illegals in hotels, Ukraine, and the covid panic when the economy was shut down, amongst all the other nonsense... then not having enough for things that matter, like road surfaces.
Tax revenue actually falls when tax rates go too high. Wealthier people leave, as they are doing, people work less because it isn't worth bothering, and productivity in general falls.
Simply saying - "more tax good" is idiotic.
You are too ill educated and low IQ for me to respond to further. You are now on my ignore list.
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Gosh.
VAT is paid dis proportionally by the richer in society - and that should remain the in place
As for more cuts - really?
Public spending is around £1200 billion so cutting £160 billion is about 7% - but I suspect it would be tricky to achieve cuts like that without having a detrimental effect on services AND of course politicians make cuts in political ways rather then by sense.
But you can only make that comment with the benefit of hindsight - Sir Keir is that you?
Spotted that about two posts in, from betty.
Very poor grasp of maths and basic reality.
complete bolox
EU removed that years ago
Conservatives voted against it..........yup people like Steve baker, he voted against it, then claimed after we left we EU we were able to remove VAT from tampons
brexit: created by liars for the gullible
If people point out Bertys lies, he responds with insults and puts them on ignore