VAT

VAT calculator

Rebecca Atkinson — Mon, 24 Nov 2008 13:16:23 +0000

Now that the rate of VAT has been cut to 15%, shoppers purchasing items such as clothes, furniture and electronics should benefit from lower prices - assuming, of course, that retailers pass on the cuts in full to their customers.

Click here to find out how much you could save with our free VAT calculator.

What difference will a VAT cut make?

Rebecca Atkinson — Mon, 24 Nov 2008 12:25:12 +0000

Alistair Darling has confirmed that VAT will be cut from 17.5% to 15% from 1 December in his pre-Budget report.

A 15% rate of VAT will continue for 13 months before returning to the
present level of 17.5% at the beginning of 2010 by which time the government expects the recovery to be underway.

VAT: how the UK stacks up

Rebecca Atkinson — Mon, 24 Nov 2008 10:59:02 +0000

From 1 December, the standard rate of VAT in the UK will be 15%.

VAT could be slashed under proposals from Brussels

Rebecca Atkinson — Tue, 08 Jul 2008 12:38:08 +0100

The cost of eating out, converting your loft or hiring a childminder could be reduced under plans tabled by Brussels to cut VAT.