Builders Merchants Journal At the forefront of publishing to the UK merchanting industry for more than 95 years
The Chancellor of the Exchequer George Osborne has just announced that VAT rate will rise to 20% from January 4 next year.
It will, he said, bring in £13bn of extra revenue. However, the current exceptions of new housing, childrens clothers and food will remain for the life of the parliament.
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