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Proceeding contribution from Anne McGuire (Labour) in the House of Commons on Tuesday, 13 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.


Finance Bill

Does my hon. Friend also agree that the mechanics of raising and reducing value added tax is relatively straightforward, making a sunset clause quite easy to apply. It does not have the complications of other elements of the taxation system. Frankly, the previous Labour Government proved that it was possible to adjust VAT by lowering it and then increasing it at a future date. The mechanics of collection are more straightforward than for other taxes.


Secondary information

Type
Proceeding contribution
Reference
513 c839 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Charities Exemptions Excise duties Fuels Economic situation Pensioners Low incomes Rural areas Taxation VAT Rescue services Tax burden Sunset clauses
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk