questionText: To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of having zero VAT on children's bicycles.
answerText: VAT is a broad-based tax on consumption and the twenty per cent standard rate applies to most goods and services. Whilst there are exceptions to the standard rate, these have always been limited by both legal and fiscal considerations. Zero rating childre...
heading: Bicycles: VAT