Thread: [Update] The UK votes to leave the EU
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Old 23-02-2016, 15:37   #629
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re: [Update] The UK votes to leave the EU
Quote:
Originally Posted by Damien View Post
And from where will the Government replace all the income from VAT?
They will probably increase income tax but we will also have money from not having to pay our massive contribution to the EU.

Even if the government slapped on a purchase tax of 10% it would still be cheaper than VAT and would make our goods and services more competitive.

Might also give them an incentive to reduce the cost of government.
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