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Interesting, desert, not much doubt that the Old Boy network was about the best qualification you could get . Just a slight correction, it was Purchase Tax that was a tax on luxury items (Gerald Nabarro MP had a fine old time in the commons displaying similar items - I recall curtain rings - and questioning why one was taxed and the other not). VAT replaced Purchase Tax and was lauded as 10% on everything and thus easy to administer with no complication about what was liable and what not. That didn’t hold, of course, and our revered leaders couldn’t wait to start tinkering with it - and edge it up to the 20% we suffer today.

[QUOTE="barjon, post: 2681249, member: 66598"] Interesting, desert, not much doubt that the Old Boy network was about the best qualification you could get :) . Just a slight correction, it was Purchase Tax that was a tax on luxury items (Gerald Nabarro MP had a fine old time in the commons displaying similar items - I recall curtain rings - and questioning why one was taxed and the other not). VAT replaced Purchase Tax and was lauded as 10% on everything and thus easy to administer with no complication about what was liable and what not. That didn’t hold, of course, and our revered leaders couldn’t wait to start tinkering with it - and edge it up to the 20% we suffer today. [/QUOTE]

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