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Tax Credits to be cut on next budget

2»

Comments

  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
    cw18 wrote: »
    a cut in VAT would benefit us all, as we pay it on loads of things we buy !!

    Only if it's passed on!
  • krisskross
    krisskross Posts: 7,677 Forumite
    Don't think the EU allow the UK to cut VAT without their permission.
  • cw18
    cw18 Posts: 8,630 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    They don't -- that's why we still have to pay 5% on gas and electricity. The EU said that our government couldn't drop it back to zero rated when they realised what a huuuuge mistake it had been to apply VAT to them in the first place !!!!
    Cheryl
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