VAT to surge to 20% under next government

A 2.5% increase in VAT is almost inevitable this year, no matter who wins the next general election according to a new report by LexisNexis.

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Comments

Percentages

mikewhit | | Permalink

A 2.5% increase in VAT

Everyone on this site realises it's a 14.28% increase !

 

Missing words

sarittax | | Permalink

I agree, but its probably because the author has missed the words "the rate of"!!