Briefing you on all the latest VAT news, briefs and cases

VAT hike anniversary

One year since VAT rose 2.5% to 20%, prices are estimated to have increased by one per cent.

PwC chief economist John Hawksworth said: β€˜The increase added around 1% to the level of prices in 2011, which compounded the tough squeeze on consumers from rising energy and food prices last year.’

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