Proceeding contribution from Stephen Williams (Liberal Democrat) 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
We can debate this until very late tonight—and I am sure we will—but the fact is that we have to make lots of assumptions about what people will actually spend their money on, because VAT is a tax on discretionary expenditure, not on essential expenditure. It was designed to be so. That is why food, children's clothing and many other items to which the hon. Member for Nottingham East (Chris Leslie) has referred are zero-rated or exempt from the scope of VAT.
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c844
- 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
Librarians' tools
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- 2026-05-06 09:32:21 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_655027
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