1973 UK join the EEC & Adopts VAT
From Lacey Green History
| 1973 UK join the EEC & Adopts VAT | |
|---|---|
| Year | 1973 |
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| Author | |
| Copywrite | |
| Theme | |
| Social Period | Category:1970's |
On 1st January 1973 the UK joined the European Economic Community. UK Purchase Tax, which was imposed on the wholesale price at 25%, gave way for VAT, which was added to the purchase price and was set at 10% on most goods and services.