The Mudcat Café TM
Thread #166577   Message #4006687
Posted By: Steve Shaw
31-Aug-19 - 12:00 PM
Thread Name: Brexit and music
Subject: RE: Brexit and music
We can't really blame the EU for indirect taxes. Until we joined the EU we had purchase tax, which VAT replaced. Almost the first thing Thatcher's first government did in 1979 was to raise the standard rate of VAT from 8% to 15%, which they didn't have to do. Currently, the minimum standard rate that EU countries must maintain is 15%. The UK's rate is 20%. The extra is our doing alone. Can't see brexit triggering a reduction somehow.