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UK Election and Our VAT Agreement


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Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement?

Labour have form on these demands!

This could potentially pale this years tax rise to insignificance.

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10 minutes ago, Albert Tatlock said:

Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement?

Labour have form on these demands!

This could potentially pale this years tax rise to insignificance.

Yes, but of course Treasury have considered this, done a SWOT analysis and are prepared.

Gosh, that was a low flying pig that just went by. 

 

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1 minute ago, Hairy Poppins said:

I actually wonder whether we'll see an increase to 21% or 22% VAT. 

They're going to have to find the money to repair all the damage done by 14 years of Conservative mismanagement.

How very non-progressive and unsocialist.

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1 minute ago, woolley said:

How very non-progressive and unsocialist.

Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. 

Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded.

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11 minutes ago, Hairy Poppins said:

Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. 

Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded.

Yes, indeed. Surely a "Labour" government would be expected not to do so through a tax which hits the poorest hardest, though.

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5 hours ago, Hairy Poppins said:

Whoever takes power will have the same issues. As much as I hate taxation, the problems are large and hard to solve. 

Certainly throwing money at them isn't the answer, but the solutions will need to be properly funded.

The island has been properly funded for years, what is has also been is fiscally mismanaged !

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4 hours ago, La Colombe said:

This is indeed a fascinating local news story. Amazing. If a little light on actual news. 

It maybe in time if it causes  some HNW individuals to move here from the UK .

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9 hours ago, Albert Tatlock said:

Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement?

Labour have form on these demands!

This could potentially pale this years tax rise to insignificance.

They also have form on wanting to scrap the reciprocal health agreement 

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9 hours ago, Hairy Poppins said:

I actually wonder whether we'll see an increase to 21% or 22% VAT. 

They're going to have to find the money to repair all the damage done by 14 years of Conservative mismanagement.

There is a magic money tree for that: Government borrowing. 

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11 hours ago, Albert Tatlock said:

Forthcoming UK election...Should the island start worrying about a potential change to the current VAT agreement?

Labour have form on these demands!

This could potentially pale this years tax rise to insignificance.

However, there was this sort of talk in the run up to the 1997 election, it wasn't until 2008 that they acted. That agreement was manifestly overgenerous and our government was swagging around saying how brilliant they were keeping tax low. The agreement is now based on what we actually spend so is there even scope for them to renegotiate?

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