Friday, January 28, 2011

UK consumers to pay more taxes than the banks

According to the Trades Union Congress - consumers in Britain are largest banks due to the upcoming changes in taxes and VAT higher tax rates compared to the countries year 2011 numbers.

4 January 2011 will increase to 20% VAT, which is now at 17.5 %.While of corporation tax % 28% 27% are reduced.


This changes in corporate income tax and VAT will benefit high-profit industries such as banking, of small and medium-sized enterprises, but it may not be so good for consumers.


http://www.Independent.co.UK/News/Business/News/Banks-Set-to-Pay-Lower-taxes-than-UK-Consumers-2169988.html


View the original article here

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