Sentence examples for vat costs from inspiring English sources

Other sixth-form colleges are considering becoming academies to save on VAT costs after the spending review announced they could apply.

James Kewin, deputy chief executive of the SFCA, says VAT is one of the reasons why the government has yet to reach a decision on whether sixth-form colleges can join trusts, as it would need to reimburse the VAT costs each year for those that convert.

In addition to the cuts they have endured, they also have to pay VAT which costs an average institution £335,000 a year – money that schools and academies with sixth forms do not have to pay because they have their VAT costs refunded by the government.

To add to the confusion, barristers point out that £100,000 in fees equates to an income of only around £50,000 once VAT, travel costs, pension contributions, and chambers' fees have been deducted.

VAT fraud costs an estimated €100 billion each year in the EU and corruption 1% of EU GDP.

Coming on top of austerity measures that have already hit ordinary families the hardest – including a VAT hike costing them an average £450 every year – they are set to deepen a cost of living crisis with which many are already struggling.

Unless the government cuts fuel duty and VAT, the cost of petrol and diesel might not fall to the levels seen on the forecourt eight years ago.

And even if it becomes possible to raise a kidney, heart or liver in a vat, the cost will probably be high.

SF: 'They calculate that the rise in VAT will cost households 1% of their disposable income in 2011.

They calculate that the rise in VAT will cost households 1% of their disposable income in 2011.

" For the Conservatives, the shadow Olympics minister, Hugh Robertson, said: "The secretary of state has failed to disclose the true cost of VAT, contingency, building cost inflation and security, much of which was entirely predictable at the time of the bid.