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We do already, there's several VAT values, necessities are supposed to be VAT free for instance. Has some quirks in it, so you end up with the Jaffa Cake Vs Bis
by stu432 4y ago
We do already, there's several VAT values, necessities are supposed to be VAT free for instance. Has some quirks in it, so you end up with the Jaffa Cake Vs Biscuit debacle - https://www.astonshaw.co.uk/news/jaffa-cake-tax/#:~:text=The%20significance%20of%20the%20borderline,always%20remain%20exempt%20from%20VAT https://www.astonshaw.co.uk/news/jaffa-cake-tax/#:~:text=The....
- Moissanite 4y agoI was aware of the biscuit thing, but think it should just be rolled out more widely. We sort of have that with luxury cars, but an across the board increase of VAT to 30% on high-end goods is really what going for - defining luxury goods is left as an exercise for the reader.
- stu432 4y agoPretty comprehensive list here, https://www.gov.uk/guidance/rates-of-vat-on-different-goods-and-services https://www.gov.uk/guidance/rates-of-vat-on-different-goods-...