- The government has reintroduced plans to abolish VAT on books and remove the coffee tax, aiming for implementation from 2027 if parliament approves.
- It has dropped the proposal to abolish the tax on chocolate and sugar confectionery, keeping that revenue for future tax cuts.
- Future plans may include reducing VAT on food and removing VAT entirely on fruit and vegetables.
- The package also revives an exercise tax deduction to offset VAT costs on sports and fitness services after EU court rulings.
Source: regfollower.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.
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