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Finance & Accounting
Pages 22 (5522 words)
A Dissertation on Effects of Increase in VAT Rates in United Kingdom Thinu Gnaneshwaran Student number Project Supervisor: Josie Adams Abstract Most countries around the world have adopted VAT system as a primary means of raising revenue. It is a mechanism for taxing goods and services…
Due to changes in economic conditions, countries have been forced to review their VAT system so as to ensure economic stability and economic development sustainability. The United Kingdom is one of the countries that have well established VAT system. In the recent past, the UK government has increased its VAT rates as a way of generating more revenues to meet the ever increasing expenditures. Notably, this economic policy has had far-reaching effects on businesses and end consumers. This research paper examines the effects of increasing VAT rates in the country. ...
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