Do we need a VAT reform?

IronGiant

All three of my kids have needed adult clothing since about 11.

I'm pretty sure the numbers of children needing adult clothes is higher than the number of Warwick Davies.

But either way, it shows the system of vat on adult clothes but not on children's is flawed.

domtheone

What about a special Tattoo tax ? Maybe doubled for those on the face, neck and legs.

IronGiant

Similar here, but with shoes.

Jezza99

And link the tax to income?

Given how many tattoos celebrities/footballers seem to have done, we'd probably clear the current deficit with ease

Bl4ckGryph0n

Property Tax:  0% on personal residence, 80% on a second property and 90% on a third one.  It won't have any effect on the poor, won't stigmatise them in the same way a differential VAT rate for luxuries might and could free up a substantial amount of property.

Bl4ckGryph0n

Wouldn't that be a tad unfair on any BTL landlords...?

domtheone

I'm not against an increased rate on luxuries if the calculations support the case. It is a choice.  I'd love to see the models supporting an increase in intake though.

Pacifico

They'll pass it on to their tenants unless it is LGS ofcourse.

IronGiant

Said before that i'm generally against most tax increases and, favor a low tax society.

However, property is like a rope around this country's neck, so, this is one occasion where i'd favor massive tax hikes on multiple property owners (especially foreign million/billionaires land banking).

Those in the game long enough have made monster fortunes from the shambles so i have little sympathy for them if they faced significant tax increases.

Stamp duty paid by the seller instead of the buyer too.

Making property less of an investment, and more of a house over ones head, should be one of the highest priorities for government.

Bl4ckGryph0n

Not much incentive then to increase the amount of property available, a rise in homelessness may be an unintentional consequence.