questionText: To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of removing VAT from children’s bicycles.
answerText: VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. Taxation is a vital source of revenue that helps to fund vital public services. Evidence suggests that businesses only partially pass on any savi...
heading: Bicycles: VAT