"Tories urge VAT holiday for firms"

This appears to be another silly gimmick from Camerosborne, but with a couple of little tweaks it would be brilliant, namely:

1. Don't charge interest on the late paid VAT.

2. Make the holiday indefinite/permanent.

To cut a long story short, scrap VAT*, the worst tax of all**.

And if the EU get in a strop and chuck us out, that's icing on the cake!

* Where appropriate, replace it with a small per cent tax on the sale of new goods to cover any external costs, in particular refuse collection/disposal costs, but that's a user charge rather than a tax.

** Employer's National Insurance contributions are just as evil in principle, but this tax raises slightly less than half as much as VAT, so let's deal with VAT first.

UPDATE: Obo looks at this in more depth.