This note gives a short introduction to the way VAT works, and the significance of EU VAT law for setting VAT rates, before discussing the campaign for a lower VAT rate on tourist services and the Government's introduction of a temporary 5% rate in July 2020.
Documents to download
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The Water Bill (245 KB, PDF)
The Government announced its intention to introduce a Water Bill in the Queen’s Speech 2013. The Bill will apply to England and Wales, with a small number of provisions extending to Scotland.
The Bill will probably focus on increasing competition in the water sector. It will also aim to deliver other objectives including the better management of water supplies and more sustainable water abstraction. The Government also indicated that the Bill could be used to address the availability and affordability of flood insurance. It is not known when the Bill will be introduced, or what its exact contents will be.
Documents to download
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The Water Bill (245 KB, PDF)
Related posts
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Manufacturing: Data on manufacturing jobs, output and producer confidence.
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Service industries: Data for the sector that incorporates the retail sector, the financial sector, the public sector, business administration and cultural activities.
