In the UK, value-added tax is levied at the rate of 20 per cent on most goods

Question:

In the UK, value-added tax is levied at the rate of 20 per cent on most goods and services, although it is not levied on a range of items, such as food, books, and water and sewerage systems. Discuss the merits of this policy.

Consider the principles of equity and efficiency.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 124344

2nd Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Nov 02, 2024 07:00 AM

See More Questions

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
Make an essay in brief on the below case study, Mention the issue face and the Recommendation on the below case study HALF CENTURY OF SUPPLY CHAIN MANAGEMENT AT WAL- MART 1 INTRODUCTION James...
I am dyslexic so it takes much longer for me to do any reading, so any and all help is greatly appreciated. I will be sure to thumbs up! Please I need help... Report Layout Structure Table of...
Find an equation in cylindrical coordinates for the equation given in rectangular coordinates. y = x
If the Fed reduces reserves by selling $5 million worth of bonds to the banks, what will the T-account of the banking system look like when the banking system is in equilibrium? What will have...
In a collision process a particle of mass m 2 , at rest in the laboratory, is struck by a particle of mass m 1 momentum P LAB and total energy E LAB . In the collision the two initial particles are...
In the UK, value-added tax is levied at the rate of 20 per cent on most goods and services, although it is not levied on a range of items, such as food, books, and water and sewerage systems. Discuss...
Suppose you are the money manager of a $4 million investment fund. The fund consists of four stocks with the following investments and betas: If the markets required rate of return is 14% and the...
The cleaning staff in a hospital are likely to feel higher levels of _ _ _ _ _ _ _ _ _ blank than the cleaning staff in a factory that makes toys. Multiple Choice feedback task identity task...
Suppose you are a typical person in the UK economy. Refer to Tables 12.3 and 12.4 for income tax and employers National Insurance contribution rates. How much income tax do you pay if you earn 25 000...
VAT is not levied in the UK on childrens clothing but it is levied on adults clothing. Discuss the merits of this distinction, considering both efficiency and equity.
Computing and Comparing Income and Cash Flow Measures Penno Corporation recorded service revenues of $200,000 in 2017, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the...
How many types of knowledge according to plato...?
Who provides food and the means of enjoyment for means ?
What limited our knowledge?
Conjectural knowledge is reffered as.....?
The Tokyo Olympics After watching https://www.youtube.com/watch?v=7PM4sYl3dsI&ab_channel=BusinessInsider How the Tokyo Olympics Became the Most Expensive Summer Game Ever video answer the following...
You are to program a robotic arm on an assembly line to move in the x, r-plane. Its first displacement is A; its second displacement is B, of magnitude 6.40 cm and direction 63.0 measured in the...
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...

In the UK, value-added tax is levied at the rate of 20 per cent on most goods

Question:

Step by Step Answer:

Economics

Students also viewed these Business questions