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Proceeding contribution from Rachel Reeves (Labour) in the House of Commons on Monday, 26 March 2012. It occurred during Budget debate on Amendment of the Law.


Budget Resolutions and Economic Situation

I agree. These are hard times for the charitable sector, and the VAT increase has hit it hard. That is one of the many reasons why charities, as well as ordinary families and businesses, would benefit from a reduction in VAT back down to 17.5% until the economy recovers. Charities are also affected by changes in tax allowances, and many have expressed fears that that will also create a big black hole.


Secondary information

Type
Proceeding contribution
Reference
542 c1259 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Capital investment Budgets Culture Broadband ICT Innovation Intellectual property Welfare tax credits State retirement pensions Research Tax rates and bands Cuts Budget March 2012 High income child benefit tax charge
Link
View this Proceeding contribution on www.publications.parliament.uk