The Edge

Richard Northedge takes on corporate finance

Archive for the ‘VAT’ category

So what is so bad about being non-dom?

Non-dom tax status is causing much political controversy, but what exactly is wrong with paying UK tax on your UK income and foreign taxes on foreign income? If you were inventing a tax system, that seems a sound starting point.
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Vat rise could go unnoticed

If the Vat cut was a damp squib, how come restoring the rate 13 months later threatens the economic recovery? Our retailers should learn to stop screaming.
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Call an end to stamp duty holiday

The stamp duty holiday on home purchases ends at the new year, but did it work? And if it did, should it be extended?
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Sssh, don’t mention the green shoots

Here is the good news. There is some good news. It is a rash politician who mentions green shoots until they have become sturdy plants, but there are signs of economic improvement.
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If cutting VAT worked it would cost nothing

If the VAT cut was going to work in reflating the economy it would be self-financing. The fact that it is costing £12bn proves it is an expensive waste of effort.
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