Kevin Reed, Accountancy Age, Friday 4 June 2010 at 09:50:00

VAT on certain products better than blanket rise to 20%, says Ian Cheshire


Levying VAT across more products is a better option than a blanket rise to20%, suggests the chief executive of Kingfisher.

Ian Cheshire, boss of the B&Q owners, said that while tax rises wereinevitable the government should look at the structure of the rise, reportedtheTimes.

He called for a "smarter" form of tax rises, around encouraging ordiscouraging certain forms of behaviour.

Cheshire pointed out that junk food was subject to sales tax but that no VATwas levied on sugar.

Further reading:

Taxedfor being too tall

Raiseincome tax not VAT, say finance managers

VAThike to 20% expected by economists