Source · Select Committees · Treasury Committee
Recommendation 26
26
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 This should include a framework within which new reliefs can be assessed or existing ones withdrawn.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