Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > UK’s Sunak considers cutting VAT on household energy bills- FT

Finance

UK’s Sunak considers cutting VAT on household energy bills- FT

Published by maria gbaf

Posted on October 18, 2021

Featured image for article about Finance

(Reuters) – British finance minister Rishi Sunak is considering a cut to the 5% rate of value-added tax on household energy bills, the Financial Times reported https://on.ft.com/3aMyzo8 on Sunday.

Government officials briefed on the Budget preparations said Sunak had looked at reducing the 5% VAT, but no decisions had been taken yet, the newspaper added.

(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Emelia Sithole-Matarise)

(Reuters) – British finance minister Rishi Sunak is considering a cut to the 5% rate of value-added tax on household energy bills, the Financial Times reported https://on.ft.com/3aMyzo8 on Sunday.

Government officials briefed on the Budget preparations said Sunak had looked at reducing the 5% VAT, but no decisions had been taken yet, the newspaper added.

(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Emelia Sithole-Matarise)

More from Finance

Explore more articles in the Finance category

Kering to buy jewellry producer Raselli Franco

New Zealand consumer confidence hits highest level in four years

Italy's Nexi rejects TPG offer for digital banking assets

Exclusive-Starbucks supplier Cuisine Solutions hires Morgan Stanley and Rothschild for potential sale, sources say

New EU draft text on Russian assets offers uncapped guarantees for Belgium

Hogan Lovells and Cadwalader plan merger to create law firm with $3.6 billion in revenue

Pirelli says 99.3% of 500 million euro bond converted, diluting Sinochem and Camfin stakes

ECB policymakers see steady rates next year but cut not off table, sources say

Britain names Christian Turner as ambassador to the US

Trump administration imposes sanctions on two more ICC judges

Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991

Ukraine-US fund approves investment policies as it eyes first projects in 2026

View All Finance Posts