LatestGoods & Service Tax (GST) 8 July 2026
Tax Review Under Fire
Politicians are being accused of wasting a year reviewing tax reforms, with officials stating that the proposed GST plus would generate around £50m annually through a 5% goods and services tax, and a lower income tax rate, the plan aims to bring in significant revenue, the implementation and effects of this plan are still being discussed and reviewed
The proposed tax reforms have been under review for a year, with politicians being accused of wasting time. The GST plus plan aims to bring in around £50m annually through:
- a 5% goods and services tax (GST)
- a lower rate of income tax,
the implementation and effects of this plan are still being discussed and reviewed, with officials stating that it will generate significant revenue, for more information visit the original source
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