Sentences with phrase «cut value added tax»

The Chancellor Alistair Darling cut value added tax from 17.5 per cent to 15 per cent in 2008 as part of a package of measures aimed at stimulating spending to fight the recession.

Not exact matches

With a plan to cut energy subsidies further and introduce a value added tax this fiscal year, inflationary pressures are expected to intensify.

They include value - added tax hikes, lower jobless benefits, wage cuts for state employees and billions of euros in savings from local government reforms.

A value - added tax on consumption of goods and services could make up the shortfall from cutting corporate tax rates in the United States, but don't expect it to be enacted anytime soon.

The chancellor announced a # 20 billion fiscal stimulus which will double the national debt, cut value - added tax for the first time since before 1997 and increased income tax to 45 per cent for those earning over # 150,000.

Throughout 2008, a number of fiscal measures — including a # 145 tax cut for basic rate (below # 34,800 pa earnings) tax payers, a temporary 2.5 % cut in Value Added Tax (VAT), # 3 billion worth of spending brought forward from 2010 and a # 20 billion Small Enterprise Loan Guarantee Scheme — were introductax cut for basic rate (below # 34,800 pa earnings) tax payers, a temporary 2.5 % cut in Value Added Tax (VAT), # 3 billion worth of spending brought forward from 2010 and a # 20 billion Small Enterprise Loan Guarantee Scheme — were introductax payers, a temporary 2.5 % cut in Value Added Tax (VAT), # 3 billion worth of spending brought forward from 2010 and a # 20 billion Small Enterprise Loan Guarantee Scheme — were introducTax (VAT), # 3 billion worth of spending brought forward from 2010 and a # 20 billion Small Enterprise Loan Guarantee Scheme — were introduced.

The lower federal income tax rates established by the new tax law would cut into this added value, but the difference is relatively small and unlikely to affect demand.