Happy Birthday VAT – SIKE!

 

Monday will be the 40th birthday of VAT – happy early birthday…

The Mail ran an article on the occasion which showed that the ‘controversial tax is now worth a record-breaking £100billion a year.’ These are not small pennies for the British tax payer, who after wrestling with a stern income tax rate – an earner of £40k will take home £30,018 – must then be taxed more by the state on the products they buy – deal?

No deal; but they won’t listen anyway.

 

Here is what the Twittersphere had to say about VAT’s birthday…

 

 

 

 

 

 

 

 

 

 

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