Tax Rebates & Refunds

Report warns against VAT rise – could mean higher income tax instead!

March 22, 2010
Posted in Income Tax — Written by The Tax Repayment Agency — Comments (0)

Think-tank Policy Exchange, favoured by Conservative leader David Cameron, has warned that a rise in VAT would be bad for the economy and the country.
While many believe that raising VAT would be a safer option than raising income tax, the think-tank report suggests that it would stem growth and employment.
This could mean that should the [...]