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The 33.33% rate was increased to 66% for cars costing over £1,000 in 1947 and this rate was extended to all cars from 1951. In 1953, it was reduced to 50%.
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The tax was subsequently set at differing rates dependent upon individual items' degree of "luxury" as determined by the government of the day.
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Tax once levied on the wholesale value of luxury goods sold in the United
Kingdom
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59:, the Purchase Tax was abolished on 2 April 1973 and replaced by the
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was a tax levied between 1940 and 1973 on the wholesale value of
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168:. London: Iliffe & Sons Ltd: 985. 24 December 1954.
55:In connection with the accession of the UK to the
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46:, it was initially set at a rate of 33.33%.
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275:History of taxation in the United Kingdom
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223:. You can help Knowledge (XXG) by
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139:"VAT: a brief history of tax"
57:European Economic Community
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164:"Purchase Tax History".
219:-related article is a
84:"Taxation – Key dates"
61:Value Added Tax (VAT)
180:"Post-war taxation"
145:. 31 December 2010
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119:on 6 October 2008
63:, currently 20%.
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36:luxury goods
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18:Purchase tax
280:Sales taxes
189:25 December
166:The Autocar
149:24 December
123:24 December
93:24 December
264:Categories
67:References
270:Tax stubs
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215:This
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30:The
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