On January 4 next year, the main rate of VAT will rise from 17.5% to 20%.
The VAT rise will generate more than £13 billion a year by the end of this Parliament and zero-rated items will remain exempt from VAT over the course of this Parliament.
On January 4 next year, the main rate of VAT will rise from 17.5% to 20%.
The VAT rise will generate more than £13 billion a year by the end of this Parliament and zero-rated items will remain exempt from VAT over the course of this Parliament.
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