Alistair Darling confirms return to 17.5 percent VAT on January 1st 2010 in Pre-Budget Report

The UK Chancellor of the Exchequer,  Alistair Darling, introduced a temporary lower rate of VAT in last year’s pre budget report.

There was some speculation that he might have extended this reduction beyond the original term. However, in today’s pre-budget report statement to the House of Commons, he said:

I can confirm that VAT will return to 17.5 per cent on January 1 as planned.

Mr Speaker, I have no other changes in VAT to announce.

Further Information

Leave a Reply

Advertising

RSS BBC World Business Report

  • WBR: Europe's Banks Face Stress Tests Wed 22 Oct October 22, 2014
    As Europe's banks await the result of stress tests on Sunday, we ask if the continent is prepared for a major economic downturn. Also the death of Watergate era Washington Post editor Ben Bradlee - we discuss his legacy to journalism. And US oil baron Harold Hamm tells us why Saudi Arabia is losing the power to dictate oil prices.

RSS Peter Day's World of Business

RSS The Bottom Line with Evan Davis

  • BottomLine: TripAdvisor etc 16 Oct 14
    TripAdvisor and other consumer ratings websites can make or break a business. Evan Davis and guests discuss the power of the user-generated review.
  • BottomLine: Celebrities and Fans 09 Oct 14
    Social advertising: Evan Davis and guests discuss the power of celebrities, the rise of the profitable super-fans who "like" their products and the vloggers with consumer clout.

RSS Money Box

RSS A Week of You and Yours

  • YYHighlights: Exploding E-cigs, CQC and Football Kits
    E-cigarettes are a regular sight now, but users are increasingly adapting and modifying them. We speak to one man who was hospitalised when his rebuillt model exploded and left him hospitalised for nine days. And the BBC's Price of Football report is out - we take a specific look at the pressures involved in buying football kits for children. And the wo […]