We have been paying tax on period products – considered ‘luxury goods’ – for over 50 years. Crazy, right? But the 17.5% tampon tax was first introduced in 1973. This was reduced to 5% in 2001, thanks to MP Dawn Primarolo’s tireless campaigning. Since then, campaigners have (rightfully) put pressure of the government to scrap the tax altogether. And now, the chancellor will finally announce the abolition of the tampon tax in next week’s budget.
Source: stylist.co.uk
Latest Posts in "United Kingdom"
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices
- HMRC Updates Notice 700/45: Correcting VAT Errors, Claims, and Penalties Guidance Revised
