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…
VAT 40 Years Old Today. Its introduction was a condition of joining the European Community. Thanks a lot.
— Guido Fawkes (@GuidoFawkes) March 30, 2013
VAT is 40 years old – middle aged and bloated. Time to cut it down from ‘pip-squeaking’ levels.
— Harry Aldridge (@HarryAldridge) March 30, 2013
EU working on a standardised VAT rate to be rolled out across EU member countriesec.europa.eu/governance/imp…
— David Coburn UKIP (@DavidCoburnUKip) March 30, 2013
Today VAT is 40 years old. First the government takes a third of all you earn, then they charge you 16.67% to spend what remains. Born free.
— Banti Singh (@Khyberman) March 30, 2013
Great night at the VAT 40th birthday last night. There will be a few sore heads this morning following the 2am finish of the after party.
— Laura Barnes (@Lauraembarnes) March 28, 2013
VAT is 40 today ! Birthday cake …. or is it a biscuit ?
— Curo Accountants (@Curocounts) March 30, 2013
Happy birthday to VAT – bit.ly/112Q6OV
— Nordens (@NordensAccounts) March 30, 2013
Government steal YOUR money and it’s all legal…£1.6trillion: On VAT’s 40th birthday, the fortune we’ve handed over bit.ly/Yli6wX
— LiarMPs (@LiarMPs) March 30, 2013
£1.6trillion: On VAT’s 40th birthday, the fortune we’ve handed over!
— Lee Haslett (@LeeHaslett) March 30, 2013
Happy 40th Birthday to #VAT on Monday! The Chancellor now collects £100bn a year from VATup from £1bn in 1973.
— Fiona Hotston Moore(@hotstonmoore) March 30, 2013