BUDGET 2010: VAT to rise from 17.5% to 20% (From South Wales Argus)
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BUDGET 2010: VAT to rise from 17.5% to 20%
1:19pm Tuesday 22nd June 2010 in Budget news
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.
