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: Wall Street Update 30 Oct 2014 October 30, 2014
    We get a comment from US Treasury Secretary Jack Lew on the positive US GDP numbers. Cary Leahy from Decision Economics tells us about the best performers of the day on Wall Street, Visa and Mastercard. And we get an update on the deal signed between Russia, Ukraine and the European Commission to secure gas supplies.

RSS Peter Day's World of Business

RSS The Bottom Line with Evan Davis

  • BottomLine: Wearable Technology 30 Oct 14
    Medium Smartwatches, fitness bands and intelligent fabric: Evan Davis and guests discuss how the latest gadgets could keep us eternally connected, fully fit and super smart.
  • BottomLine: Flash Sales 23 Oct 14
    "Flash sale" companies are growing fast. Evan Davis and guests discuss how this new retail sector is changing the way we shop. Just how low can the prices go?

RSS Money Box

RSS A Week of You and Yours

  • YYHighlights: Tesco, Plastic Surgery, Carpets
    Five years years ago the big French supermarkets took on the discounters - what lessons could Tescos and Sainsbury's learn? Also with Renee Zellweger's new look, we talk to Kay Burley's plastic surgeon about what happens to our faces as we get older. We could be ending our love affair with laminate floors. Linda Barker tells us about the […]