questionText: To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact on bicycle sales of the removal of VAT on (a) pedal and (b) electric bicycle.
answerText: VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. Tax breaks reduce the revenue available for vital public services and must represent value for money for the taxpayer. One of the key considerat...
heading: Bicycles: VAT