Comment by ben_w
6 hours ago
Many daily expenses, yes. Before I left the UK, IIRC there was some campaign about tampons.
But "majority" just means half.
Between "The standard rate of VAT is 20 per cent, with around half of household expenditure subject to this rate." - https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/...
And Figure 10.2 on page 6 of https://researchbriefings.files.parliament.uk/documents/SN05...
I'd say it's very close to even odds that the other poster is correct to say "No vat on the majority of spending".
I'd also say that VAT should be reduced to encourage domestic spending and local growth, but I did leave the country for various reasons that can be simplified as "I do not expect the UK government to do the right thing".
Tampons, toothpaste, soap. Yes it’s all crazy, but that’s maybe £5 a week in vat.
Compare to £250 a week in rent and £100 a week in food and it’s peanuts.
Yes, but you're not contradicting anything here. £5/week in VAT is what I'd expect roughly bottom 5% by income to pay, because of limited disposable income.
If you eat in a restaurant, IIRC that's VAT-rated. A meal for two coming to £20? That's £3.33 of VAT you just paid. Poorest 5% can't afford to eat out basically at all, but it quickly adds up the moment you can start affording that.