From jaffa cakes and gingerbread men, to fur skin coats and children's clothes, our VAT system and its byzantine rules seem, on the surface, to be a fun quirk of the UK tax system.
But dig deeper, and one finds economic distortions and inefficiencies due to the complex way the UK's third largest tax is levied.
Leading us through this maze of complexity are Helen Miller, IFS Deputy Director and tax expert, and Dan Neidle, a tax lawyer and founder of Tax Policy Associates.
Zooming In: discussion questions
Every week, we share a set of questions designed for A Level economics students to discuss, written by teacher Will Haines.
3. Having listened to this episode, what changes would you make to the current VAT system and how effective do you think they would be?
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Helen is Deputy Director of the IFS and Head of the Tax sector.
Founder, Tax Policy Associates
- Institute for Fiscal Studies
More from IFS
Understand this issue
25 January 2024
22 February 2024
14 February 2024
6 February 2024
Does the value-added tax add value? Lessons using administrative data from a diverse set of countries
9 February 2024
24 January 2024
2 November 2023