- Sir Keir Starmer was questioned about a potential VAT increase in the upcoming Budget.
- He was asked multiple times if he would rule out raising VAT.
- Chancellor Rachel Reeves may need to adjust taxes or spending to meet borrowing rules.
- The PM stated that the manifesto remains and more details will be in the Budget.
Source: bbc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- Keir Starmer Faces Criticism for Not Ruling Out VAT Increase Amid £30bn Financial Gap
- ICS2 Implementation Delayed: Businesses Can Use ICSNI for ENS Declarations Until December 2025
- First-tier Tribunal Rules Nitrous Oxide Not Zero-rated for VAT as Food Ingredient
- Understanding HMRC’s GfC14: Tax Reliefs and Compliance in Freeports and Free Zones
- UK Chancellor Considers Adjusting VAT Nil-Rate and 5% Rate for 2025 Budget Funding
