purchase tax was introduced in the uk in 1940.
purchase tax was introduced in the uk in 1940.
when was purchase tax introduced in the uk?
1940
between october 1940 and 1973 the uk had a consumption tax called purchase tax, which was levied at different rates depending on goods' luxuriousness. purchase tax was applied to the wholesale price, initially at a rate of 33⅓ %. this was doubled in april 1942 to 66⅔ %, and further increased in april 1943 to a rate of 100%, before reverting in april 1946 to 33⅓ % again. unlike vat, purchase tax was applied at the point of manufacture and distribution, not at the point of sale. the rate of purchase tax at the start of 1973, when it gave way to vat, was 25%. on 1 january 1973 the uk joined the european economic community and as a consequence purchase tax was replaced by value added tax on 1 april 1973. the conservative chancellor lord barber set a single vat rate (10%) on most goods and services.
history of taxation in the united kingdom
the following 8 items were previously listed on this article, however are unreferenced on the authorities site, included here for a "no loss" approach.









































bullet::::- purchase tax (no. 1) order, 1954 si 1954/1









































bullet::::- purchase tax (no. 2) order, 1954 si 1954/2









































bullet::::- purchase tax (no. 3) order, 1954 si 1954/3









































bullet::::- national insurance (industrial injuries) (prescribed diseases) amendment regulations, 1954 si 1954/5









































bullet::::- coal industry nationalisation (interim income) (rates of interest) order, 1954 si 1954/10









































bullet::::- pedestrian crossing regulations 1954 si 1954/370









































bullet::::- horses (landing from northern ireland and the republic of ireland) order 1954 si 1954/698
list of statutory instruments of the united kingdom, 1954