Il Regno Unito considera un piano per tagliare l’Iva sulle bollette energetiche delle famiglie
https://www.ft.com/content/3a88e363-c231-4314-b2cb-e9896ef363ca
di topotaul
Il Regno Unito considera un piano per tagliare l’Iva sulle bollette energetiche delle famiglie
https://www.ft.com/content/3a88e363-c231-4314-b2cb-e9896ef363ca
di topotaul
18 commenti
Can we afford tax cuts? Will the end user see any benefit?
If my maths is correct, will people really notice the difference of 7 quid a month.
It doesn’t feel like it’s worth it really. Taking that VAT and ring fence it for those in fuel poverty would make more sense and would probably be a vote winner for the traditional labour crowd too.
Energy VAT is already set to 5%. What gov needs to do is change the way energy is priced. Wholesale energy pricing shouldn’t be the method used when the most expensive energy source is significantly more expensive than just about everything else.
We have the most expensive electricity in Europe. Maybe allowing our utility companies to be sold overseas wasn’t the smartest decision.
I think we’ve focused on those who don’t work enough. It’s time workers are afforded some good news for once like tax cuts
Tinkering once again. They need to change how energy pricing works. Setting it against gas which is the most expensive is a huge problem.
A tangible brexit benefit!
(We couldn’t do this while in the EU.)
I’ve often thought why energy standing charges don’t include a certain amount of energy ‘free’. This allows energy poor to still be able to use some energy while keeping standing charges for everyone else to account for the convenience of the grid.
General taxation:
ER NI upper limit 2->3%, additional rate 45->47%, personal allowance reduction removed reducing tax cliffs.
EE NI raised from 8% to 10% (previously 12% a year before election).
Pension contributions up to £30k fully tax deductible, afterwards 10% if on basic rate or 20% on higher and additional.
EE auto-enrolment contribution paused for 2 years (not ideal but an extra 5% in the pocket is going to be a big boost to consumer affordability and the ER amount would stay).
It’s not the VAT on energy that needs to be cut! They need to grow a backbone and force Ofgem to do a decent job or overrule them.
If the UK government cuts Vat to 0% from 5%, the power companies will just increase price by 5% as they know ppl can pay that because they are, then it will be impossible to put VAT up again without the media screaming “Labour cash grab”.
They need to find a way to reduce the companies profit margin and costs, without putting them out of business. The profit margins are already quite high, with too much dividend payouts driving the ever increasing household bills.
Would this not disproportionately be a tax cut for energy heavy users? I can see there being a good argument for removing vat from the standing charge, but use seems like it’ll benefit millionaires with their mansions more than the average person.
They need to take the tax off electricity and put it onto gas, this would help drive the decarbonisation of the energy sector.
Get. Rid. Of. Marginal. Cost. Pricing.
It’s that simple.
Everyone says it’s complicated, but it’s only complicated for the people and organizations who are systematically extracting money from the public at unprecedented rates for the benefit of their shareholders.
Frankly, they can poke off.
Yeah this is tinkering while we remain the cash cow of Europe.
See also: rail.
Real talk, what is actually stopping them capping energy prices and just telling firms to stop price gauging?
I was on a 100% renewable energy tariff, paying more for it. When I asked why I was being charged the wholesale price, I was told that because they can’t guarantee that the energy I revived was from renewable sources, I get charged the same. The whole thing is a con.
These itty little tweaks to broken systems ain’t it labour.
Won’t the energy companies just up their price with that?
I mean, it’s a positive step but seems like a way for energy companies to make more without the pricing structure being different.