Association of Islamic Banking Institutions Malaysia

Britons to face increased bills for public services

Monday, 08 February 2010

Britons should prepare themselves for shouldering the burden of increased bills for a range of public services as the local authorities will start charging VAT on services such as waste collection, toll charges and parking. The concerned measures are contained in the Finance Bill which was published by the Minister for Finance Brian Lenihan.

Speaking on the issue, Mr. Lenihan said, “It also ensures that all sectors play their part in stabilising the public finances and thereby restoring domestic and international confidence in our economy".

The Government will also end reliefs such as gifts of property to the State and capital allowances for childcare facilities.

However, the public transport, water charges and health and education have not been hit.

The Finance Bill also introduced some measures to make Ireland more attractive place for highly skilled foreign workers.

Measures to make Ireland more attractive for Islamic investment and compliant with Shari’a Law have also been included in the Finance Bill.

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