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Which bills have VAT?
switch76
Posts: 114 Forumite
in Cutting tax
Which bills will go up because of the rise in VAT and which will stay the same?
0
Comments
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if you mean utility type bills...
there is no VAT on water
VAT on domestic fuel (electricity and gas) is a a special rate of 5% and I haven't seen any plans to change this
Council tax is a tax in its own right so no VAT on it
The main change will be to mobile phones, broadband and landline phones - they all have standard VATIndecision is the key to flexibility
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Added to that, all of your insurance premiums have Insurance Premium Tax. Like VAT but at a rate of 5%. This will increase to 6%.
So that is:
Car Insurance
Home building and contents Insurance
and basically any other insurances that you may have.MFiT - T2 # 64start date: 1.7.09 MFW end date: 31.10.17
Start balance: £205,746.51 :eek: Month 18/100..paid 13.50%
Current balance: £177,977.07 (updated 18.12.10)
Target 12.12.12: From £194,000 to £140,000:p
MFI-3 reductions: £16,023/£54,000 achieved (29.67%):j0 -
& 17.5 -> 20% for Travel insurance0
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