Sentences with phrase «cent vat»

Israeli cryptocurrency users may have to pay a 25 per cent capital gains tax and bitcoin exchanges and miners will have to charge 17 per cent VAT.

Includes 15 per cent VAT and Breakfast.

France had been charging 5.5 per cent VAT and Luxembourg just 3 per cent on the supply of electronic books.

In October 2010 HM Revenue & Customs described the process of supplying «text by electronic transmission» via the internet - such as Amazon flogging ebooks on its Kindle Store - as standard - rated (the 20 per cent VAT rate).

The Cabriolet retails in the German market at Euro 184.546, again including 19 per cent VAT and local equipment / specifications (base price Euro 154,900).

All prices include 19 per cent VAT and country - specific features.

Prices in Germany are 88,038 euro for the 911 Carrera and 102,436 euro for the 911 Carrera S, including 19 per cent VAT and market - specific equipment.

When you take into account the fact it's priced at the upcoming 20 per cent VAT rate, it effectively works out cheaper than the outgoing Focus.

Add to that # 3000 - worth of chavtastic «Cascade» paint, # 1000 - worth of full - leather interior, 17.5 per cent VAT on all the options and # 750 delivery, and the total price is an astonishing # 55,387.50.

Deliveries won't start until the new year, which is why Citroen has announced the price inclusive of the new 20 per cent VAT rate, but still # 23,100 is a lot of money.

This is when criminals import goods such as mobile phones and MP3 players, pocket the 17.5 per cent VAT that should be given to the Treasury, and then claim it back when they export the goods to a non-EU country such as Dubai.

Presenting the 2017 budget to Parliament last year, Finance Minister Ken Ofori - Atta announced that government had abolished a number of taxes including the 5 per cent VAT on real estate cost.

But a six - month extension of the 15 per cent VAT rate would be clever - it will not cost much if it helps sustain consumer spending and will in any case have no significant fiscal cost beyond 2010,» Mr McWilliams added.

Not exact matches

The leader of the Liberal Democrats said the cut in the rate of VAT to 15 per cent, which cost taxpayers # 12.5 billion, should have been used to fund a green investment programme instead.

The previous government had planned to increase employer national insurance contributions by one per cent as part of its deficit reduction strategy (Alistair Darling, the then chancellor, has subsequently stated that he would have preferred to have increased VAT instead), and after taking office the coalition government only partially reversed this decision.

When the last Labour government temporarily cut VAT to 15 per cent for 13 months, George Osborne dismissed it, saying people wouldn't even notice.

Taking the fiscal credibility point first, the cost to the Exchequer of changing the standard rate of VAT by one per cent is approximately # 5bn a year (in other words, reducing the rate from 20 per cent to its previous 17.5 per cent would cost in the region of # 12.5 bn).

A recent YouGov survey showed that 48 per cent of those who voted Lib Dem were less inclined to do so again as a direct result of the rise in VAT.

He described the new 20 per cent rate as the «wrong tax at the wrong time», accused George Osborne of treating the British public «like fools» and thereby dominated much of the media coverage of the VAT rise.

The Conservatives have seen a double - digit lead over Labour in the polls being dramatically cut since the bailout of banks by the government in October, the announcement of a # 20 billion fiscal stimulus by the prime minister and a 2.5 per cent cut in the rate of VAT.

Research, commissioned by the FMB, shows that cutting VAT from 20 % to five per cent for all housing repair, maintenance and improvement work would provide a total economic stimulus in the region of # 1.7 billion in 2012 alone, rising to over # 20 billion by 2020.

A BBC survey of 28 influential economists found that 24 believe the new government will be forced to raise VAT from 17.5 per cent to 20 per cent before the end of next year.

However, without a fiscal stimulus, such as a reduction to five per cent in VAT for all Green Deal compliant work, Green Deal is unlikely to be successful.

It also one of the biggest revenue earners for the Government, with VAT raising in 2015 - 16 about # 116 billion - more than over 20 per cent of government revenue.

The VAT will return to 17.5 per cent on January 1st 2010, and he won't make any other changes to VAT.

Push for European - wide agreement to a lower rate of VAT, in Britain of five per cent, for the most energy efficient products.

«Shifting from VAT to pollution taxes, cutting the standard rate of VAT to 15 per cent, and reducing it to five per cent for some items, and abolishing road tax whilst increasing pollution taxes on fuel.

He scored a hit with his attacks on this week's rise in VAT to 20 per cent, dubbing it «the wrong tax at the wrong time».

It would raise funds by hiking tax on alcohol and tobacco by 50 per cent, raising fuel duty by 8 per cent annually, and introducing VAT and fuel duty on aviation.

Under Labour's plans 95 per cent of taxpayers will be guaranteed no increase in their income tax contributions and everyone will be protected from any increase in personal National Insurance Contributions and VAT.

FSB's director general Richard Diment said VAT should be cut to five per cent for property refurbishment in a bid to create extra demand for energy efficient improvements.

He calls on Harman to admit the VAT cut to 15 per cent was a wrong answer to the government.

Greenpeace's executive director John Sauven said the government should abandon the «unfocussed» VAT cut from 17.5 per cent to 15 per cent completely.

The Lib Dems have simply calculated how much # 13.4 billion would cost if the bill was slapped on to VAT (which would have to go up by three per cent).

The GRA also clarified that suppliers will continue to account for output VAT at 17.5 per cent on all taxable transactions.

VAT will increase to 20 per cent from 4 January next year, with the chancellor insisting that the move was «unavoidable» in dealing with the «years of debt and spending» under Labour.

VAT to rise to 20 per cent Will the VAT rise hit the poorest people the hardest?

The Federation of Small Businesses did welcome the move to reduce the small companies tax rate to 20 per cent, but warned the VAT hike will hit small businesses.

Its National Chairman, John Walker, said: «The increase in VAT to 20 per cent will however, hurt small firms who will have to pass the increase on to their customers, unlike big business which can absorb the cost.»

It noted that this is on the account of the fact that states take 50 per cent of VAT, while local government areas and the federal government take 35 per cent and 15 per cent respectively.

Finally, it has been revealed in an official Treasury document signed off by a Treasury Minister that there is a secret tax bombshell to increase VAT to 18.5 per cent.»

«We will continue to earmark 7.5 per cent of all VAT receipts to finance educational infrastructure and other expenditure, including targeted girl - child educational programmes,» Mr Terkper said.

Treasury spokesperson Vince Cable said the government had not provided the «boost» needed by the economy through the 13 - month VAT reduction from 17.5 per cent to 15 per cent.

Nothing has changed since then to necessitate a sharp rise in VAT to 20 per cent (as Will Straw points out, this was far from an «unavoidable» tax increase).

A recent report for the Centre for Retail Research found that raising the VAT rate to 20 per cent would cost each household # 425 a year on average.

As the Fabian Society's Tim Horton has noted, while the richest 10 per cent pay # 1 in every # 25 in VAT, the poorest 10 per cent pay # 1 in every # 7.

The plans we set out involved around 80 per cent of the work coming from spending restraint and about 20 per cent from tax increases... The tax increases are already in place; the plans do not include an increase in VAT.

28 per cent - the new rate of capital gains tax for higher rate tax payers 25 per cent - budget cuts facing most government departments 20 per cent - the new VAT rate from 4 January 2011 14 times George Osborne said the word word cut in his budget speech

Pressure was growing on Gordon Brown to reverse the 2.5 per cent cut in VAT, which will cost # 12.5 billion, and use the money to cut income tax or national insurance.

The reduced VAT rate of 5 per cent, for items including domestic fuel and power, will stay the same this year.