Lower VAT to help with the cost of living crisis.

Rejected 12 signatures

What the petition asks

Now the UK has left the EU it can change VAT rates. We believe the Government should reduce the standard rate of VAT, to reduce the financial burden on families and businesses, particularly in light of the increased cost of living.

Reducing VAT temporarily will help the less well-off, as opposed to the current taxpayer-funded plan proposed by the Government's cost of living coordinator, David Buttress. His plan is to encourage businesses to divert marketing spend so that they can cut prices, reducing the cost for the consumer. However, this could have a negative impact on those employed in the UK creative, advertising and marketing industries.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

We have published the following petitions, which you might like to sign:

Reduce the standard rate of VAT to help with increased cost of living: Reduce the standard rate of VAT to help with increased cost of living

Cut the standard VAT rate from 20% to 5%: Cut the standard VAT rate from 20% to 5%

VAT Complete Removal: VAT Complete Removal.

Timeline

30 Jun 2022	Petition opened for signatures
5 Jul 2022	Rejected by the Petitions Committee

Key facts

Signatures 12

Status Rejected

Rejected 5 Jul 2022

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