by Suff » 28 Mar 2023, 12:30
VAT is a direct tax on consumption. It benefits those who consume the most more.
That being said the zero VAT items in the UK tend to be those which impact the poor the most.
Well done though because there is another dynamic here. Everyone in the EU is under high pressure to harmonise VAT and not to have exceptions. Because cross EU products VAT goes to the EU and not to the country.
In this case, with bailout funds in place and scrutiny on the budget because of being in the Euro, this is actually a much bigger move than it looks.
So much Kudos.
There are 10 types of people in the world:
Those who understand Binary and those who do not.