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Boeing Guy · 11-12-2009, 17:40

True, it was introduced in 1973, as part of the membership of the EEC.
VAT replaced Purchase Tax and reflected it as much as possible, as the intention was to ease it into the business community as simply as possible. This is a legacy we still have within the UK VAT system.

So In 1973 a Conservative Government Introduces VAT.
In 1966 a Labour Government introduces Purchase Tax.

Just a thought

11-12-2009, 17:40	#5
Boeing Guy JFT96 Join Date: Apr 2006 Location: In the Sky, yeeeehawwwww Posts: 2,136 Blog Entries: 6 Liked: 273 times Rep Power: 24793	Re: damn it lol True, it was introduced in 1973, as part of the membership of the EEC. VAT replaced Purchase Tax and reflected it as much as possible, as the intention was to ease it into the business community as simply as possible. This is a legacy we still have within the UK VAT system. So In 1973 a Conservative Government Introduces VAT. In 1966 a Labour Government introduces Purchase Tax. Just a thought __________________ "your mind will find a way to be unkind to you somehow. But all we really have is happening to us right now. Happiness is the road" Steve Hogarth, lead singer Marillion