Written Question·Treasury·UIN 33924
Personal Care Services: VAT
Tabled: 26 February 2025
Answered: 7 March 2025
Question
Sir Oliver Dowden
Conservative — Hertsmere
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential implications for his policies of the British Hair Consortium commissioned CBI Economics report entitled Securing the future of UK hairdressing and beauty: the
Answer
James MurrayVAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax, forecast to raise £171 billion in 2024/25. Tax breaks reduce the revenue available for vital public services...
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