Submitted on Tuesday 5th July 2016
Published on Tuesday 26th July 2016
Current status: Closed
Closed: Thursday 26th January 2017
Signatures: 12
Reduce basic VAT rate to 15%, with further reduction after we have left the EU
The 'Leave' camp pointed out that the EU sets minimums for VAT rates. The EU basic rate is a minimum of 15% but the UK is currently higher than this, at 20%.
We can't lower it below 15% until we leave the EU, but we *can* lower it to 15%, and then lower it more after we leave the EU
When the Leave campaign said that while in the EU, we would be unable to control our VAT rates. This is accurate, the EU sets minimums for different categories.
At the moment, we are still in the EU, so have to abide by those rules.
However, the basic rate of VAT in the UK is currently 20%. This is 5% more than the EU's minimum basic rate of 15% - meaning that we have control over that 5%. Let's get rid of that 5% that we *do* have control of, and once we have left the EU, reduce it further!
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
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