gagzus 26,774 Posted September 30 Author Share Posted September 30 (edited) 39 minutes ago, Defmix100 said: I don't even understand the increase though because they don't keep the VAT anyway unless there's loopholes so the reduction shouldn't affect their bottom line at all for a need to increase It actually works out worse for the government but better for the businesses and consumers. The VAT functions like National Insurance in the UK so it goes towards public services like the NHS. Removing it entirely from electricity will take away upto £850m a year from public services. But in the UK we’re apparently using the scrapped money from the digital ID programme to fund this till the end of 2027. Which means we’ll likely need a new tax or tax increase to make up for it after 2027. Or bringing VAT back to electricity again. Edited September 30 by gagzus Quote Link to post Share on other sites More sharing options...
weed 79,509 Posted September 30 Share Posted September 30 12 hours ago, gagzus said: Never played so care to elaborate for us diva? something that slows down time and highlights areas helping you aim your gun lmao Quote Link to post Share on other sites More sharing options...
Featured Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.