Thread: [Update] The UK votes to leave the EU
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Old 23-02-2016, 16:14   #633
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re: [Update] The UK votes to leave the EU
Quote:
Originally Posted by Damien View Post
VAT brings in roughly £100 Billion in income a year. The EU contribution is about £8.5 billion (after rebates).

That income tax is going to have to go up a fair bit.

Anyway this 'no more VAT' is a new one. Where did that come from?
As far as I know goods bought from the EU by non EU members are not liable to VAT if the goods are totally for use outside the EU.
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