Home / News / VAT to rise to 20 percent

VAT to rise to 20 percent

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.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

Hultafors Group buys Fristads, Kansas and Leijona Workwear

Protective Wear and PPE specialist group Hultafors Group, owner of the Snickers Workwear brand has acquired …