The tax, a 5% value-added rate on sanitary products such as tampons and pads, is the minimum required for members of the European Union, which classifies those goods as nonessential. “Sanitary products are essential so it’s right that we do not charge VAT.”With Britain’s split from the EU this week, the tax was abolished, the government said. In 2015, the government established the Tampon Tax Fund, which allocated 47 million pounds raised from the tax on period products to charities working with vulnerable women and girls. The British government’s initiative to make period products more accessible has included putting free sanitary products in schools, colleges and hospitals. Over the past few years, governments around the world have revised measures on sanitary products.

Source: bd News24 January 02, 2021 02:03 UTC