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A ‘Twenty20’ system

29 June 2010 / Neil Warren
Issue: 4261 / Categories: Comment & Analysis , 20% , Budget 2010 , charity , construction , VAT
With a higher rate on the way, NEIL WARREN believes that tax advisers should give more priority to VAT in the future


  • A higher rate should mean higher importance.
  • Do clients have reliable systems to ensure that the correct rate is being paid?
  • The impact on the construction industry and buildings.
  • Should any option to tax be revoked?
  • A checklist of key VAT issues.

Oscar Wilde once commented ‘The only way to deal with temptation is to yield to it’. Whatever the would-be prime ministers said in their pre-election TV performances about not having plans to increase the rate of VAT … we didn’t really believe them did we? Cricket batsman thwacks the ball

We all knew that the ‘temptation’ to raise it at the earliest opportunity would be overwhelming. It reminded me of a recent promise I made to myself...

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