VAT

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    VAT

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    A temporary VAT cut could help stimulate the economy, but only if timed correctly

    Report

    Reports indicate the government is considering a temporary cut in VAT to stimulate consumer demand, possibly targeted at sectors such as tourism and restaurants. Overall the case for a temporary VAT cut now is mixed. It could provide an important fillip to consumer demand if implemented under the right conditions. Its expiration must be carefully timed so as not to choke off a nascent recovery.

    26 June 2020

    Publication graphic

    The distributional impact of personal tax and benefit reforms, 2010 to 2019

    Report

    The tax and benefit system has undergone significant reform since 2010, with large cuts to working-age benefits, a rise in the main rate of VAT, increases in the rate of the state pension, and reductions in direct tax, including a big rise in the income tax personal allowance. In this briefing note we investigate the impact that these reforms have had on household incomes.

    4 December 2019

    Working paper graphic

    Taxation and Supplier Networks: Evidence from India

    Working Paper

    Do tax systems distort firm-to-firm trade? Using data from both firms that do and don’t pay VAT in West Bengal in India, this paper shows that they can have significant effects, contributing to highly segmented supply chain networks.

    20 August 2019