AM Online

Consumers want 15% VAT rate extended

Consumers have had a muted reaction to the 15% rate of VAT although the majority do want it extended. 

According to a BBC poll 23% of customers said they had spent money they would not otherwise have done and 27% said they would bring purchases forward before the tax rise to 17.5% in January.

Out of the people polled 73% they wanted the 15% rate of tax to be extended.

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