VAT on Tampons/sanitary products is abolished

[-:Undertaker:-]

https://www.itv.com/news/2021-01-01/...hanged-in-2021

VAT on Tampons is abolished

Britain's departure from EU Single Market and Customs Union has allowed for controversial tax on women's products to be axed

The tampon tax has been abolished as VAT on women’s sanitary products has been slashed to zero.

Chancellor Rishi Sunak had committed to ending the widely unpopular tax on tampons and pads in the March Budget.

EU law had prevented member states from reducing the rate below 5%, which meant the period products were treated as luxury items and not essentials.

But the zero rate VAT on the period products started on January 1, the first day EU laws no longer apply to the UK.

Mr Sunak said: “I’m proud that we are today delivering on our promise to scrap the tampon tax. Sanitary products are essential so it’s right that we do not charge VAT.

“We have already rolled out free sanitary products in schools, colleges and hospitals and this commitment takes us another step closer to making them available and affordable for all women.”

Well i'm always in favour of a tax cut.

[-:Undertaker:-]

Another change this week coming which will allow billions of £ in Swiss stocks to be traded in London.

Amazing. The Stock Market was not allowed to trade Swiss Shares when under the EU. pic.twitter.com/k3SVOhuHQ8

— Hilton Holloway (@hiltonholloway) January 9, 2021