Quote:
Originally Posted by Wynonie Harris
Let's face it, the Olympic committee is there for the taking. They even "forgot" to allow for the 17.5% VAT rate on construction work. No wonder the costs are spiralling out of control.
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Factually incorrect. The issue with the VAT was between 2 different Government departments, the Treasury and the DCMS. In theory its all Government money so the charging (or not) of VAT is purely a paper exercise, but like everything else in this Country, the press and public are very quick to knock down whatever they can.