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With VAT reform, this made sense.
We've said that government can use its strong cashflow to help small businesses with VAT relief.
What really struck me with VAT tax, as a startup, we were being taxed at 20%.
He may also have a party political trick up his sleeve with VAT.
No matter how unexciting, you must immediately get to grips with VAT, national insurance, rates and paying HMRC.
The UK parliament retains its freedom to make its own decisions on taxation, with VAT alone subject to European bands.
"We were not thinking seven or eight weeks ago we are definitely going to go ahead with VAT.
Under lobby pressure, George Osborne favours rural new-build (free of VAT) against urban renovation and renewal (with VAT).
With VAT and a recent 6% increase, the total comes to more than €19 per square metre per month.
Prices are high with VAT at 25%, and designer labels at UK prices – extraordinary considering the wage difference.
With VAT scheduled to return to 17.5%, after being cut to 15% for a year, inflation is tipped to break through the 3% mark.
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