Sentences with phrase «raise vat»

Spain did not specifically raise the VAT on ebooks, they raised their «general» VAT from 18 % to 21 %.

Shadow chancellor Ed Balls has suggested that a future Conservative government would raise VAT, despite that fact David Cameron has ruled out such a move.

In his article, Mr Balls said he privately urged Mr Brown to make a manifesto commitment not to raise VAT from its current 17.5 % rate, but «others disagreed».

Would you have supported Alistair Darling's proposal to raise VAT to help safeguard departmental budgets or would you have done as Ed Balls and opposed a VAT rise at any cost?

Outlining Labour's tax plans, Mr Balls said: «Tory governments always raise VAT.

He said he had hoped that the budget would not raise VAT, which is «clearly less progressive».

Since the election, it has also emerged that the former chancellor Alistair Darling wanted to raise VAT to 19 per cent, a single percentage point lower than the rate that will be introduced in January 2011.

David Cameron also said in speech in December 2015: «We said in our manifesto we would not raise VAT, National Insurance or income tax for the next five years.»

Ed Balls The former schools secretary has run a combative campaign, attacking the coalition over its alleged plan to raise VAT and urging Labour to rethink its policy on immigration within the EU.

He «vetoed point - blank» a proposal from Darling to raise VAT up to 18 % or 19 %.

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.

Hold on though, Clegg is only interested in taking «tough decisions» that have no political fallout that will affect him and the Tories only really want to raise VAT on things that will damage the poor.

Japan, which raised its VAT by 3pp in 2014, provides a useful case study for comparison.

Former chancellor Alistair Darling has admitted he was barred from raising VAT by Gordon Brown.

Cutting services for the vulnerable or raising VAT simply to hand the wealthiest a # 700 tax cut would be nothing less than a scandal.

However, calculations by Demos show how that the government could have used a 67:33 ratio and raised the necessary # 17bn without raising VAT.

In his first Budget Geoffrey Howe raised VAT and cut income tax, and during the deep recession of 1981 he cut government expenditure.

«Raising VAT was a political choice arising from the Conservative - led government's decision to cut the deficit deeper and faster than any other major economy in the world.»

Asked whether he would consider raising Vat, the Chancellor said he had looked at it last year but decided an increase in National Insurance contributions would be «fairer».

He slashed the top rate from 83p in the pound to 60p, cut the standard rate by 3p and raised thresholds, covering much of the cost by raising VAT.

Sunder Katwala, excellent as ever RT @libcon It's not progressive to cut income tax while raising VAT http://bit.ly/ca9k8E

... to avoid taking a principled stand, either for or against a rise, and to remain silent on the issue, would repeat the mistake we made at the election, even if the money markets do applaud George Osborne for raising VAT».

1) Raising VAT is wrong, because «VAT is the only tax that everyone has to pay, even if they are unemployed or pensioners, and because it hits couples with the children the hardest.

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.

With growth weaker than expected, there are few worse possible responses than raising VAT.

More budget analysis from Channel 4 News - Gary Gibbon: billions of reasons for raising VAT on budget day - «Council tax freeze» softener for budget cuts - Cuts could test Lib Dem unity - FactCheck: gold - plated public sector pensions?

It lasted 55 minutes - forecast public borrowing will total # 149bn this year and raised VAT to 20 per cent - as Chancellor George Osborne hit the Commons dispatch box 85 times.

To my mind, to avoid taking a principled stance - either for an increase or against it - and to remain silent on the issue would repeat the mistake we made at the election - even if the money markets do applaud George Osborne for raising VAT.»

Not exact matches

That marked a break from the Conservative pledge under former Prime Minister David Cameron in a 2015 election campaign not to raise income tax, national insurance contributions or VAT.

While differences remain in several areas, creditors want Greece to raise the equivalent of 1 percent of gross domestic product more from VAT in 2016 and this could be achieved by raising sales tax on catering to a rate of 23 percent from 13 percent, the two EU officials said.

As much as I'd like to see the VAT rise replaced by an income tax rise, I was under the impression that there was the rule that only governments can raise taxes, and backbench or parliamentary amendments can not?

«Rather than targeting tax cuts at millionaires, cutting VAT would benefit everyone and help poorer households far more than raising the personal allowance.»

So the con - dem - nation administration, will raise the income tax threshold, disproportionately benefiting the middle class, only to be paid for by a VAT increase, which disproportionately hurts the low paid.

assignment of the proceeds of the first 10 percentage points of VAT raised in Scotland (not to devolve VAT because EU law prohibits that).

The Conservative manifesto for the 2015 general election contained a promise not to raise income tax, VAT, or national insurance for the duration of the parliament.

But if Balls didn't wanted to rule out a VAT increase, which taxes did he want a Labour government to raise?

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.

Once VAT had been raised it could not be touched again withi n the first parliament».

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.

Labour's shadow chancellor, John McDonnell, raised concerns about the VAT dispute and the reasons for Lycamobile's transactions through a Madeira company.

Leaving aside the Capital Gains Tax tweak, which only raises # 1 bn (half the amount to be raised in the Lib Dem plan), the main hit is on VAT, both the higher and lower rates, to 20 % and 6 % respectively.

«I think risking the recovery with immediate public spending cuts and a raise in VAT is economically misguided,» he says, summing up his argument.

The World Economic Forum places Britain in 140th place for price competitiveness for tourism out of 141 countries and the reduction in the VAT rate to 5 %, as agreed by the Liberal Democrat conference, would increase employment and raise extra revenues for the Government.»

Raise # 2bn over the forecast period, # 630m from targeting schemes such as the flat rate VAT scheme and use of employee shareholder status.

In January next year the VAT sales tax will rise from 17.5 per cent to 20 per cent - despite Conservative claims before the general election that they had no plans to raise it.

He said the party would not raise National Insurance, VAT or the basic rate, or higher rate, of income tax.

The criticism that raising the tax threshold gives money to people who do not really need it becomes even more valid without more extensive redistribution, especially with VAT being increased.

To commit yourself to not raising the three main taxes - income tax, NI and VAT - ties your hands to an absurd extent.»

• Holyrood will receive a proportion of the VAT raised in Scotland, amounting to the first 10 percentage points of the standard rate (ie with the current standard VAT rate of 20 %, Scotland will 50 % of the receipts), but can not influence the UK's overall UK rate.

Corbyn says that the price should be paid by parents who send their children to private school - and Labour quotes an estimate from the Fabian Society that VAT on private school fees could raise about # 1.5 billion per year.