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  2. Value-added tax in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax_in_the...

    [8] [12] The planned introduction of VAT on domestic fuel and power went ahead in April 1994, but the increase from 8% to 17.5% in April 1995 was scuppered in December 1994, after the government lost the vote in parliament. [7] [12] In its 1997 general election manifesto, the Labour Party pledged to reduce VAT on domestic fuel and power to 5%. [13]

  3. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    The system is input-output based. Producers are allowed to subtract VAT on their inputs from the VAT they charge on their outputs and report the difference. [34] VAT is purchased quarterly. An exception occurs for taxpayers who state monthly payments. VAT is disbursed to the state's budget on the 20th day of the month after the tax period. [35]

  4. Employment contract - Wikipedia

    en.wikipedia.org/wiki/Employment_contract

    An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century.

  5. What is Labour’s controversial private school VAT raid policy?

    www.aol.com/labour-controversial-private-school...

    The government has decided to start charging 20 per cent VAT on private schools from the start of 2025, in a move it says will fund its spending commitments. ... Labour says it has inherited a £ ...

  6. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.

  7. Labour preparing for private school closures after VAT raid ...

    www.aol.com/labour-preparing-private-school...

    On average, the Treasury expects private school fees to increase by around 10 per cent as a result of the introduction of VAT, while it predicts that 35,000 pupils will move into UK state schools ...

  8. Labour to add VAT to private school fees immediately if it ...

    www.aol.com/labour-add-vat-private-school...

    Labour says the policy could raise £1.7 billion to invest in state schools.

  9. Indirect tax - Wikipedia

    en.wikipedia.org/wiki/Indirect_tax

    An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax ...