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The Government should, following consultation, set out principles and objectives for the VAT system now...
Recommendation
The Government should, following consultation, set out principles and objectives for the VAT system now that VAT is free from EU law. This should include a framework within which new reliefs can be assessed or existing ones withdrawn. The Government should ensure that the principles balance revenue raising, economic growth and other objectives, such as improving the quality of the environment and “levelling up”. (Paragraph 181) Tax after coronavirus 77
Source
Committee
Treasury Committee
Inquiry
Tax after coronavirus
Report
Twelfth Report - Tax after coronavirus
01 Mar 2021
HC 664
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.2 yrs
Report published
01 Mar 2021