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Reduce Vat Back To 17.5% - Petition


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#1 P.Sgt.Levers

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Posted 14 March 2013 - 12:07 PM

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http://epetitions.di...etitions/45965á

 

reduce VAT back to 17.5%

Responsible department: Her Majesty's Treasury

 

UK VAT was increased to 20% to pay for the reduction in VAT down to 15% during the financial crisis. This has been left at 20% as the government assumes no one would notice.

It is time VAT was dropped back down to 17.5%, Pre crisis level, which would drop all the rising utility bills, everybodys weekly shopping as well as the high level of tax on fuel. 


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#2 Undisclosed.Desires

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Posted 03 April 2013 - 05:41 AM

This shouldn't of Increased ... Should of stayed at 17.5% in the first place.



#3 wills

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Posted 04 June 2013 - 10:53 AM

http://epetitions.di...etitions/45965á

 

reduce VAT back to 17.5%

Responsible department: Her Majesty's Treasury

 

UK VAT was increased to 20% to pay for the reduction in VAT down to 15% during the financial crisis. This has been left at 20% as the government assumes no one would notice.

It is time VAT was dropped back down to 17.5%, Pre crisis level, which would drop all the rising utility bills, everybodys weekly shopping as well as the high level of tax on fuel. 

 

How would lowering VAT combat the high level of tax on fuel?

 

Fuel is not only subject to VAT - it is subject to fuel duty. If you buy a litre of fuel, 58p of the cost of the litre is fuel duty, an absolutely obscene amount. Lowering VAT by 2.5% - ie, saving 2.5p in the pound - is neither here nor there in the grand scheme of things.

 

VAT rising to 20% has made people poor as much as lowering VAT to 15% made everyone rich - ie, it hasn't.

 

If you're going to petition to lower VAT, petition to get rid of it completely. It is an archaic and regressive idea that in order to buy things from one another, we must give a fifth of the overall value to our glorious lords and masters. Scrap VAT, people have more money. People have more money, people spend more money. People spend more money, businesses make more money. Businesses make more money, businesses expand and take on more staff. It's really very simple.






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