UK increases VAT from 17.5% to 20% 4 January 2011
UK increases VAT from 17.5% to 20% 4 January 2011
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Financial crisis leads to austerity tax rises The UK has increased its standard Value Added Tax rate from 17.5% to 20% from 4 January 2011. This comes as the government’s deficit has ballooned in response to bailing out several banks during the financial crisis of
