Personal Care Services: VAT — Written Question

Question

Dame Caroline Dinenage

Conservative — Gosport

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

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 also the UK’s second largest tax, forecast to raise £171 billion in 2024/25. Tax breaks reduce the revenue available for vital public ser...

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