questionText: To ask the Chancellor of the Exchequer, what assessment she has made about the level of financial burden placed on charities arising from having to pay VAT on targeted social media advertising.
answerText: VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s third largest tax, forecast to raise £180 billion in 2025/26. Taxation is a vital source of revenue that helps to fund vital publ...
heading: Social Media: VAT