PARLIAMENTARY WRITTEN QUESTION
(17 April 2025)
Question Asked
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of reducing VAT rate on hair and beauty salons.
Asked by:
Sarah Bool (Conservative)
Asked by:
Sarah Bool (Conservative)
Answer
VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. VAT is also the UK’s second largest tax, forecast to raise £180 billion in 2025/26.
Tax breaks reduce the revenue available for vital public services and must represent value for money for the taxpayer. Exceptions to the standard rate have always been limited and balanced against affordability considerations.
Answered by:
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