‘Britain’s poorest families hand over a bigger proportion of their income in taxes than better-off households, research published today discloses.
They are hit particularly hard by VAT, the Treasury’s second-biggest source of revenue, according to a report by the TaxPayers’ Alliance.
It warns that any increase to the 20 per cent standard rate of VAT would pile further financial pressure on struggling households.’
Read more: Poorest households are the most heavily taxed
