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VAT Aspects of the Budget

 
Steve Wilson Indirect Tax Knowledge Manager in Ernst & Young examines the VAT changes announced in the Budget
 
I am pleased to have been invited to contribute a Budget first impressions article to The Tax Journal for the second year running. In my article last year entitled 'Staying in the Groove' 21 April 2004 Issue 689 I identified a regular pattern emerging in the VAT content of recent Budgets the key points of which are:
 
●     a Budget speech with very few mentions of VAT;
 
●     the release of a large quantity of Budget Notices and related documents giving information which can be classified as:
 
●     annual events;
 
●     tinkering with existing...

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