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Written question asked by Lord Taylor of Warwick (Non-affiliated), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 24 January 2011.


Taxation: VAT

Question
To ask Her Majesty’s Government whether the rise in VAT to 20 per cent will be made permanent.
Answer

The Budget assumed no further change to the 20 per cent standard rate of VAT, which is a structural change to the tax system to deal with a structural deficit.


Secondary information

Type
Written question
Reference
5638; 724 c125-6WA
Session
2010-12
Subjects
VAT Tax rates and bands
Link
View this Written question on www.publications.parliament.uk