Quote:
Originally Posted by 1andrew1
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Bit rich for him to come out with all that when it was a Tory Government that put VAT on fuel back in the early nineties (in order to subsidise and keep down the unpopular Poll Tax/Community Charge).
It started at 8% and was due to go up to the full rate. The incoming Labour Government scrapped the planned rise and reduced it to 5%. When asked why they hadn't scrapped it completely, they said that they weren't able to scrap it entirely once it had been introduced due to EU rules.
Now that we've left the EU, it would be possible to scrap it if any present or future Government is/was minded to.
I remember all this as my accountant advised me to pay as much as I could afford in advance in order to delay having to pay VAT on fuel. I did so as there weren't any bank accounts paying 8% at the time
This loophole worked as long as there was no change of address