{"id":240,"date":"2008-11-26T18:29:25","date_gmt":"2008-11-26T18:29:25","guid":{"rendered":"http:\/\/www.nostuff.org\/words\/?p=240"},"modified":"2008-11-26T18:29:25","modified_gmt":"2008-11-26T18:29:25","slug":"vat-offset-no-just-a-tax-rise-via-the-backdoor","status":"publish","type":"post","link":"https:\/\/www.nostuff.org\/words\/2008\/vat-offset-no-just-a-tax-rise-via-the-backdoor\/","title":{"rendered":"VAT &#8216;offset&#8217;? No just a tax rise via the backdoor"},"content":{"rendered":"<p>Everyone in the UK will be aware that the &#8216;pre-budget report&#8217; was released this week. Slightly oddly named considering it contained more headlines the most full Budgets.<\/p>\n<p>One of the things mentioned by every media outlet I have seen is the &#8216;offset&#8217; increase in Duty for Alcohol and Tobacco to counter-balance the temporary decrease the in VAT.<\/p>\n<p>The key word there is <em>temporary<\/em>. It appears next to the VAT cut, but not next to the increase in Duty to <em>offset<\/em> it.<\/p>\n<p>So I did some poking around and came across this document: <a href=\"http:\/\/is.gd\/98Et\">http:\/\/is.gd\/98Et (pdf)<br \/>\n<\/a><\/p>\n<p>From page 25 (PDF page 30), paragraph 2.49:<\/p>\n<p style=\"padding-left: 30px;\">&#8220;2.49 As set out in more detail in Chapter 5, alcohol and tobacco duties will be increased to offset the effects of the temporary reduction in VAT. <strong>Maintaining these increases after December 2009 will further support fiscal consolidation<\/strong>.&#8221;<\/p>\n<p>That is no offset! That is a future tax rise. At the point VAT goes back up, this Duty rise will stop being a tempoary offset and start being an increase in the tax\/duty we pay.<\/p>\n<p>My point is not the rise in duty, but the way it has been presented by the Government.<\/p>\n<p>Why have none of the papers and media outlets picked this up? Or have they, let me know!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone in the UK will be aware that the &#8216;pre-budget report&#8217; was released this week. Slightly oddly named considering it contained more headlines the most full Budgets. One of the things mentioned by every media outlet I have seen is the &#8216;offset&#8217; increase in Duty for Alcohol and Tobacco to counter-balance the temporary decrease the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[36,72,143,179],"class_list":["post-240","post","type-post","status-publish","format-standard","hentry","category-politics","tag-budget","tag-government","tag-pre-budget-report","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/posts\/240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/comments?post=240"}],"version-history":[{"count":0,"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/posts\/240\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/media?parent=240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/categories?post=240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nostuff.org\/words\/wp-json\/wp\/v2\/tags?post=240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}