Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

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