Payment protection claims could be useful for many consumers in the UK who are seeing VAT cut into their household budgets.New figures from the Office for National Statistics show the lowest-earning families in the country are paying a higher proportion of VAT than the equivalent low-earning families did in 1986.The research also found that they are paying a higher amount of VAT per income than the highest earning households.Much of the discrepancy between the two dates can be attributed to the five per cent VAT that was added to fuel in April 1994 but consumer spending habits have altered too.In 2009-10, the lowest socio-economic groups are spending a much higher amount on goods that come with value added tax levels, such as cars, holidays and televisions, concluded the report.British Retail Consortium director general, Stephen Robertson said the government's recent VAT increase had slowed consumer spending.John FieldmanHaving worked in the city for 19 years, John's main focus is interest rates and corporate finance.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.