Wednesday, July 14, 2010

Measure to shield charities from VAT rise defeated in Commons - Third Sector

Measure to shield charities from VAT rise defeated in Commons - Third Sector: "Shadow treasury chief secretary Liam Byrne's amendment to Finance Bill would have kept VAT at 17.5% for non-business expenditure

An amendment to the Finance Bill that would have protected charities from much of the increase in the VAT rate to 20 per cent was defeated in the House of Commons last night."

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