A Fine Mess: The VAT Indecision and Lessons for Community Schemes

First, the announcement: VAT would rise to 15.5%. Then, the retraction: Never mind, we’ll not raise VAT after ‘extensive consultations with political parties’. Confidence, once shaken, is hard to regain, as any trustee or managing agent of a sectional title scheme will tell you.

This wavering by the State may seem like a distant drama to many, but it pr…