Sounds like they intend to return them to where they were before “austerity” measures. Also it looks like food is exempt from VAT.
https://www.gov.uk/vat-rates From: Af [mailto:[email protected]] On Behalf Of Jon Langeler Sent: Tuesday, October 11, 2016 9:22 PM To: [email protected] Subject: Re: [AFMUG] OT England NHS & Tax It sounds almost honest when they plan to decrease the rate. I'd be absolutely shocked if that ever happened here. Jon Langeler Michwave Technologies, Inc. On Oct 11, 2016, at 9:38 PM, Chuck McCown <[email protected] <mailto:[email protected]> > wrote: Looks to me that the tax bite is less than what I pay and they get NHS to boot. From: Jon Langeler Sent: Tuesday, October 11, 2016 7:09 PM To: [email protected] <mailto:[email protected]> Subject: Re: [AFMUG] OT England NHS & Tax So what's your opinion compared to the US? Jon Langeler Michwave Technologies, Inc. On Oct 11, 2016, at 6:57 PM, Chuck McCown <[email protected] <mailto:[email protected]> > wrote: >From my daughter: We pay an effective rate of 8.5% in direct tax on our combined household income. This is income tax (which pays for government services including the NHS) and National Insurance which pays for pensions and benefits. The largest indirect tax is VAT (sales tax) which is 20%. This is less noticeable than sales tax in the USA because prices in the shops include this in the price rather than being added when checking out. Corporation tax (tax on business profits) is currently 20% (this is being reduced to 19% in 2017 and is planned to go down to 17% in 2020).
