To ask the Chancellor of the Exchequer, if she will conduct a review of the VAT system as it applies to (a) the hair and beauty sector and (b) other labour-intensive industries.
VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. VAT is also the UK’s second largest tax, forecast to raise £180 billion in 2025/26. Tax breaks reduce the revenue available for vital public ser...
Industry: VAT