UK VAT report could be bad news for Malta

john borg

Nov 14th 2010, 09:52

update of products

Products where VAT is payable
Wholly or partly chocolate coated biscuits
Gingerbread man decorated with chocolate (unless this amounts to no more than two chocolate eyes!)
Arctic Rolls
Sorbet
Chocolate bar
Nuts or fruits covered in chocolate or yogurt
Flavourings for milk shake
Potato crisps
Roasted or salted nuts without shells
...and the VAT-exempt alternatives
Chocolate chip biscuits
Jaffa cakes
Cream Gateaux
Mousse
Chocolate spread
Toffee apples
Milkshake
Tortilla or corn chips
Roasted or salted nuts supplied in shells e.g. monkey nuts, pistachios


regards

Connie Deguara

Nov 12th 2010, 02:19

If their is talk,believe it , it will happen.If it is not now it's later.The UK need all the money it can get. They may object it so they make it sound good for next election, but they will do it.

Jean-Pierre Schembri

Nov 11th 2010, 16:39

This article is incorrect in stating that the application of a zero VAT rate on food and pharmaceuticals in Malta is dependant on policy decisions taken in the UK or Ireland.

The unanimous agreement reached by the 27 Member States in March 2009 established Malta’s derogations in this area as permanent ones, thus placing Malta on the same footing as the UK and Ireland on food; and the UK, Sweden and Ireland on pharmaceuticals.

This means that Malta’s VAT exemption on food and pharmaceuticals can only come to an end if the Maltese Government itself decides to give up this derogation; something which is not under consideration.

Jean-Pierre Schembri
Permanent Representation of Malta to the European Union

David Treble

Nov 10th 2010, 23:56

Please read the artlcle correctly.It is only a suggestion from the Institue of Fiscal Study in a report which is urging the UK Government to consider. So do not start getting your nickers in a twist the UK government have not agree it.
And Monica Harper Maggie Thatcher was the best thing that happened to UK. If she had been here Air malta would have been sorted out a long time ago .

T Camilleri

Nov 10th 2010, 19:04

It's about time we leave the EU mess into which we have been dragged.

Mike Micallef

Nov 10th 2010, 17:51

"A report by the Institute for Fiscal Studies, which called for VAT to be extended to most goods, said consumers could be reimbursed for the extra VAT they would pay by increased benefit payments and reduced income tax. The simplified system would save the Government about £3 billion a year, it claimed." Excuse my ignorance but re this statement could someone please explain to me how charging VAT ( which goes to EU coffers) and compensating by increased benefit payments etc (from national Budget) will "..the Government about £3 billion a year,"

gordon lawrence

Nov 10th 2010, 17:21

when you pay as much tax as we do in the uk putting vat on these things the british consumer just cannot afford it, the biggest mistake Malta makes is that it gets advice off the british goverment about these matters and the Maltese people are going to pay dearly for it. it is some thing you are going to regret in the future, that is the biggest trouble with the EEC they have too much say in how you run your country, the uk does not want the euro and the uk goverment does not awant the eec near how they tax people because most of the taxes they have us paying would go to the EEC.

john borg

Nov 10th 2010, 16:46

http://www.abs-cbnnews.com/global-filipino/07/30/10/vat-increase-uk-gets-mixed-reactions-pinoys

Some food products and clothes are VAT-exempt. Many food products that are not considered luxury foods and items will remain exempt from VAT. But packaged and processed food and non-food items such as cleaning products will increase-- some of the supermarket items that Pinoys consider essential in their weekly shopping

regards

Andre Grech

Nov 10th 2010, 16:46

I totally agree with the UK government. It does not make sense that luxury food products, sweets, savouries and printed magazines have no VAT or have a reduced rate. If the government taxes these products he will be in a good position of keeping his electoral promise and reduce the income tax.

Gianni Xuereb

Nov 10th 2010, 16:30

Mela hallashom wahdek jekk int happy :)

d.attard

Nov 10th 2010, 15:45

Another gradual step towards the ongoing strangulation of the wage earner who has become the veritable modern day slave. I had read a study some twenty years back that showed how vat was an ideal 'easy' way for Governments to tax by stealth maximizing revenues and beyond, but resulting in inefficient Government spending and a beleaguered wage earner.

Well, history now shows that this theory was indeed correct leading to a second depression with a difference; the employees suffer the consequences with noses rarely above water while big business survives and thrives.

The Goverment spinning charade that goes with the process is at least a welcome spectacle of no little mirth.

Alexander Azzopadi

Nov 10th 2010, 15:25

FL ewropa jaqbilek

Grazzi

M Tabone

Nov 10th 2010, 15:25

So why although medicines are VAT excluded they are still generally more expensive than in the EU continent ?

D. Pulis

Nov 10th 2010, 15:19

I am a consumer and I am in favour of paying VAT on food, baby clothes and books. Discrimination has its hidden costs so VAT on all.

CZarb

Nov 10th 2010, 14:38

First it was frontex, then hunting and now the medicine VAT. Our amateur politicians seems only capable of winning pyrrhic victories.

Stephen Koludrovic

Nov 10th 2010, 13:56

Now why on earth should we have to pay just because the last British Labour goverment overspent with its wars, and the following new govermant has no money to play around with.