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2009
December
Pre-Budget Report: VAT will rise to 17.5% in Jan

Pre-Budget Report: VAT will rise to 17.5% in Jan

Guy Anker | Deputy Editor & Head of Operations

9 December 2009

Chancellor Alistair Darling has confirmed VAT will rise from 15% to 17.5% in January as planned.

Last year, Darling temporarily reduced the sales tax on businesses to 15% until the end of this year to help lower high street prices to encourage spending. See the Beat the VAT tax hike MSE News story and the Pre-Budget Report round-up MSE News story for more info...

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