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Which pm introduced vat?

VAT was introduced in 1973 the P.M. was Edward Heath


Who introduced VAT?

The government, it is a tax


What would be the effect if any on the calculation of VAT if cash discount was introduced?

There will be less vat.


When did V A T come in to Britain?

Value Added Tax (VAT) was introduced in Britain on 1 April 1973, replacing the former Sales Tax system. It is a consumption tax that is levied on goods and services sold in the UK.


Date when vat was introduced in Tamil nadu?

From 1St Jan 2007


Vat was introduced by whic politicol party?

The Conservatives, under Edward Heath. Value Added Tax was introduced in 1973. It is the third biggest source of income for the government.


When was VAT introduced in UK?

1972. April 1st 1973 to be precise.


Why was vat introduced?

to prevent the large amount of vehicles thefts that were occurring at the time.


How much were postage stamps in 1735?

Stamps did not exist in that year. They were introduced in 1840 in Great Britain.


What was the vat rate in 1973?

In 1973, the standard VAT (Value Added Tax) rate in the United Kingdom was set at 10%. This was the initial rate when VAT was introduced to replace the Purchase Tax. Over the years, the VAT rate has undergone several changes, but the 10% rate marked the beginning of VAT in the UK.


In what year was Ovaltine first marketed?

Ovaltine was introduced in Switzerland in 1904 as Ovamaltine, and later in the US as Ovaltine, in 1915. It was introduced in Britain in 1909, also as Ovaltine.


What was the vat rate in 1979?

In 1979, the standard VAT rate in the United Kingdom was set at 15%. This rate was introduced in 1973 when the UK joined the European Economic Community (EEC). The VAT rate was later increased to 17.5% in 1991.