Petition When out of EU bring VAT down to 9% in support of growth and rename as Sales Tax

UK VAT has reached 20% as a secondary tax. EU legislation requires it is at least 15% driven by a tax and government spend strategy in mainland Europe, primarily a French strategy. While this apparently works for them it does not suit our British market economic mindset.

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In March the progressive Chinese government announced another drop in VAT from 16% to 13% as part of their on-going gradual reduction of VAT to get it back to a sensible level as a sales tax. In the USA sales tax, they don’t kid themselves calling it a “Value add” tax, is between 2.9% and 7.25%. Given all the taxes peoples pay one would think a fair, yet necessary sales tax is around 9% for us in the UK. Let’s look forward with vision and start working VAT down from the ridiculous 20% level in support of a forward-thinking growth mindset ….

This petition is closed This petition ran for 6 months

157 signatures

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Date closed 8 October 2019
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