when was vat first introduced in the uk
Value-added tax in the United Kingdom Value-added tax[1] or value added tax[2] (VAT) is a consumption tax levied in the United Kingdom by the national government. It was introduced in 1973 and is the third-largest source of government revenue, after income tax and National Insurance. It is administered and collected by HM Revenue and Customs, primarily through the Value Added Tax Act 1994.
Christmas In the UK, Christmas Day became a bank holiday in 1834, Boxing Day was added in 1871.[125]
Stocks Their last recorded use in the United Kingdom was in 1872 at either Adpar, Newcastle Emlyn, west Wales[8] or Newbury, Berkshire, England (11 June).[9]
Capital gains tax Channon observes that one of the primary drivers to the introduction of CGT in the UK was the rapid growth in property values post World War II. This led to property developers deliberately leaving office blocks empty so that a rental income could not be established and greater capital gains made.[47] The capital gains tax system was therefore introduced by chancellor James Callaghan in 1965[48]