Written Question·Treasury·UIN 33927

Personal Care Services: VAT

Tabled: 26 February 2025

Answered: 7 March 2025

Question

Sir Oliver Dowden

To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her Department's policies of the British Hair Consortium's report entitled Securing the future of UK hairdressing and beauty: the economic, fiscal and s

Answer

James Murray

VAT 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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