Fall out from the VAT Rise from 17.5% to 20%
One of the things about the current VAT rate of 17.5% is that there is a rule that an elephant would never forget to find out the VAT part of a bill. You take the total amount, multiply it by 7 and they divide it by 47.
You could argue that the 20% rate is just a divide by 6, but it’s not very memorable is it.
On the other hand, VAT rates of say 18, 19 or 21 percent would be beyond many people’s capabilities.
No comments yet.
The Anonymous Widower 
Leave a comment