Pre-Budget Report 2009: VAT returns to 17.5% next year
Posted by Nigel Harris PM | on Wed, 09/12/2009 - 13:46 2602
As originally announced when the VAT rate was cut last year, the temporary reduction in standard rate of VAT to 15% will end on 31 December 2009. The chancellor announced in the PBR that the temporary VAT reduction will have delivered stimulus of about £11.5bn into the economy.
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