50 years of VAT

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

Call +44 (0)330 024 3200 and discover how we can help you.

Saturday sees the 50th Birthday of VAT.

Introduced as a “simple tax” in the UK on 1 April 1973,by the Chancellor of the Exchequer at the time, Anthony Barber, VAT has grown into one of the principle revenue taxes.

As a rookie VAT officer, I was immensely proud of my warrant from her Majesty’s Customs and Excise but was shocked to find that the “simple, self-policing tax” sold by the training team was anything but!

As a VAT officer, I had some good times (like meeting one of the band members of Hot Chocolate), had some scary times (stalked, verbally and physically threatened and had to talk someone down from a ledge when he found out his ailing business was still over the VAT threshold) and met some great people who knew how to party!

As a practitioner, I learnt the law, commerciality, marketing, people management, time management, (no feet up on the coffee table of a Friday watching neighbours and writing reports!), public speaking and the fact that there is never a short or final answer! Again, I have met some great people (who know how to party!)

Above all, though, VAT has provided me with a career, confidence and an eclectic bunch of friends (who all like to party….but of a theme here!)

So happy Birthday VAT and “Thank You”!

Do you need extra information?

Ruth Corkin - Prinicipal - VAT and Indirect Tax Advisory at Hillier Hopkins

Ruth has been involved with VAT for over 30 years. She started her VAT career as a Customs and Excise Officer in Essex and then moved into consultancy with a variety of well-known accountancy firms. She is well known in the VAT world and is the proud author of many articles and technical works.

Contact Ruth at ruth.corkin@hhllp.co.uk or on +44 (0)1908 713860

Based at the following office - Milton Keynes, Watford and London