Sentences with phrase «reduction in the vat»

Commentators talk about «plan A +» (i.e. bringing forward infrastructure programmes, deregulating the economy, supply - side measures in employment law, etc) or «plan B» (i.e. Labour's plans for a temporary reduction in VAT, a N. I. holiday and a deceleration of the public expenditure reductions).

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.»

I would like to see the income gap narrowed further; to this end I would like to see Labour propose a permanent reduction in VAT to 15 % for most household goods and further reductions in VAT for building materials.

Not exact matches

That included an increase in the VAT from 18 percent to 21 percent, and drastic reduction in the number of state - owned businesses.

Austerity measures, including a 5 % reduction in public sector wages and an increased value - added tax (VAT), have been imposed.

To cut VAT as the centre piece of a new approach to deficit reduction would send the message that the UK has a lack of confidence in its own growth prospects and that a capacity to flip - flop on economic policy exists.

Talking of reduction or complete removal of taxes, as Akufo - Addo is promising Ghanaians, I remember how when in 1995 Jerry Rawlings wanted to introduce the Value Added Tax (VAT) on goods and services into our taxation system to increase the tax net and by that the tax revenue, Nana Akufo - Addo led massive «KUM PR3KOO» demonstrations against government in which some unfortunate demonstrators died, compelling government to withdraw the VAT, barely four months after its introduction.

(It seems likely that the main rise in public spending and reduction of tax revenue over the 2008 - present period has been due to economic contraction rather than policy change - unemployed people claim benefits, don't pay tax on wages and pay much less VAT on purchases.

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.

His call for a temporary cut in the rate of VAT represents, to his mind, a halfway house between Osborne's deficit reduction plan and Alistair Darling's proposal to halve the deficit over four years.

Vince Cable, the Liberal Democrats» Treasury spokesman, said: «What we really need is permanent, fully funded tax cuts targeted at those on low and average incomes, through reductions in income tax, rather than giving a temporary VAT cut, which will primarily reward the big spenders who have loads of money.»

«We may see more fuel - efficient and greener towcars purchased by caravan owners, but the NCC would have liked to see additional incentives - such as VAT reductions - to boost holidaying in the UK.

To this end, he assured businesses and their owners of a reduction in corporate tax rate, the abolition of VAT on financial services, removal of duties on the importation of raw materials and manufacturing equipment, amongst other fiscal incentives, to stimulate growth of the private sector.

I note that Darling made it clear in the commons that Kenneth Clarke had «agreed» with the VAT reduction.

The 17.5 per cent rate of VAT has been in place since 1991, except for the temporary reduction to 15 per cent introduced by Alistair Darling as the last Labour government sought to tackle the recession.

Shadow chancellor George Osborne said that many retailers were questioning the cost of implementing the VAT reduction and the impact it will have on the High Street when many shops are already offering 20 % or 30 % price reductions to lure in shoppers.

In addition to investing money, among other measures of support being considered by the government are the provision of tax incentives to support domestic book publishers, especially the the abolition of VAT, which is currently at 10 %, as well as a reduction in price of insurance premiumIn addition to investing money, among other measures of support being considered by the government are the provision of tax incentives to support domestic book publishers, especially the the abolition of VAT, which is currently at 10 %, as well as a reduction in price of insurance premiumin price of insurance premiums.

A breakdown of the costs revealed that whereas carbon emission reduction policies contributed 16 % of the overall rise in prices, 84 % was due to VAT (an additional # 20), the price of gas (# 290) and the expenses involved in delivering it to homes.

Given that the European Union's own resources include, as provided in Article 2 (1) of Council Decision 2007 / 436 / EC, Euratom of 7 June 2007 on the system of the European Communities» own resources (OJ 2007 L 163, p. 17), revenue from application of a uniform rate to the harmonised VAT assessment bases determined according to European Union rules, there is thus a direct link between the collection of VAT revenue in compliance with the European Union law applicable and the availability to the European Union budget of the corresponding VAT resources, since any lacuna in the collection of the first potentially causes a reduction in the second» (para. 26).

Budapest, 24 February 2016 — The reduction of the VAT on new houses to 5 % stands out from among the tax changes in 2016 from more than one point of...