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Author Topic: 15 % V.A.T.  (Read 3654 times)

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phil7853

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15 % V.A.T.
« on: Nov 24, 2008, 21:58 »
What good will a drop in vat of 2.5 % do ?
they should have stopped the vat on fuel
that is some thing we all use  :evil:

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Klendathu

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Re: 15 % V.A.T.
« Reply #1 on: Nov 24, 2008, 23:00 »
You get, 15% VAT in LUxemburg on ebay, as you know, are they better off, prob not  :roll:

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Offline Lancelot

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Re: 15 % V.A.T.
« Reply #2 on: Nov 24, 2008, 23:27 »


Totally muddled thinking in my view, but I've never been the Chancellor of the Exchequer.  He wasn't much good at that job though.  He spent all the reserves that had been built up and now the kitty is empty when we need it.  The taxpayers of this country will suffer for many years to come trying to pay back what he is borrowing.

I equate running the country to that of running a house. If you are hard up you don't go out and spend a fortune. You cut back, weather the storm and re-group.

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Lancelot

Offline anonymous

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Re: 15 % V.A.T.
« Reply #3 on: Nov 25, 2008, 08:03 »
At first I thought it was going to make my next visit cheaper until I saw that excise duties are to rise.

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Offline Lancelot

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Re: 15 % V.A.T.
« Reply #4 on: Nov 25, 2008, 09:09 »
At first I thought it was going to make my next visit cheaper until I saw that excise duties are to rise.

You get very little in this world without paying for it, and we will be paying for Labour's bungling for a long time.  Not just for this current mess but for all that they did earlier.

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Lancelot

Offline anonymous

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Re: 15 % V.A.T.
« Reply #5 on: Nov 25, 2008, 09:57 »
Won't be too bad if the exchange rate keeps going the same way. I've never seen it at this level. I'm tempted to buy some currency now.

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cherylmasters

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Re: 15 % V.A.T.
« Reply #6 on: Nov 25, 2008, 10:26 »
I do remember the exchange rate of £1 to 1 dollar. We were flooded with Americans. It was great for the tourist industry.

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Offline Durham Forum

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Re: 15 % V.A.T.
« Reply #7 on: Nov 25, 2008, 11:06 »
I think it's a HUGE gamble. The change in VAT rate is going to make little difference IMHO. If you can't afford to buy something for £117.50, then you still can't afford it when it is £115.00. It's not going to kick start the economy, and Darling's projections for recovery and growth are so unrealistic that they'll never be met. I know people say 'aim high', but Labour realise that it's going to be the Tories that get lumbered with the tax rises if they win the next election and if Labour win it it will be more of the same. The whole country is just being shafted.

Think how much better off we'd be if we weren't paying for a) ID cards b) the 2012 Olympics c) European Community membership.

f**k me, i'm starting to sound like Lancelot !!  :lol:

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Offline woodstock

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Re: 15 % V.A.T.
« Reply #8 on: Nov 26, 2008, 10:02 »
total waste of time if you ask me - can you imagine all the local corner shops and small businesses re-labelling their items to show the reduced prices...um...I think not!

which leads me to think that is it really for their benefit..? i.e. they keep the extra 2.5% profit...??

tho, I know more expensive items will be reducing their prices, but will we really be rushing to the shops to save 2.50 for every 100 quid we spend..?

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Offline Durham Forum

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Re: 15 % V.A.T.
« Reply #9 on: Nov 26, 2008, 10:28 »
Yes I can see how it will help small business (in a small way). Charge the customer 17.5% VAT, but only give 15% of it back to the treasury. The alternative of changing and the cost of re-labelling stock, stationary, change computer software and accounting systems and everything else will other wise mean a cost to small businesses, not a saving. Then they'll have to change everything back again in 13 months time!

Brilliant bit of half baked planning from Darling eh?

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Offline SouthernExPat

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Re: 15 % V.A.T.
« Reply #10 on: Nov 26, 2008, 17:38 »
"Darling?"... Funny name for a guy isn't it?.... Last person I called Darling, was pregnant 20 seconds later!"



WOOF WOOF!!



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Offline alexander

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Re: 15 % V.A.T.
« Reply #11 on: Nov 28, 2008, 13:49 »
For as long as I can remember the Danish VAT has been 25%. On everything apart from stamps.

Food, clothing, dairies, fruit & vegs, telephone bills, TV & computer licence, water, you name it, all has a 25% VAT here. I'm not complaining or anything don't get me wrong, I reckon we get allot back from what we pay in VAT and tax. Only saying that a 17.5% VAT wasn't bad compared to your neighbours and 15% even less so. Everything is relative afterall.

On a similar subject, though, the usual reporter fella from the biggest tabloid here called me earlier on (they call me a few times a month to hear and print my opinion on anything from the US election to sexpills for lasses) and today he asked me if the finance crisis will have any influence on my Christmas shopping this year. For some odd reason I seem to always make him giggle when he calls me, bless him. We got talking about the lowering VAT in the UK compared to ours and pretty much agreed a similar stride would be highly unlikely here. Unless a general election was called a fortnight later, mind.

The biggest difference between our two countries financial wise I've come across these past twelve months in my eyes has been the rapidly rise in prices on gas at your end. The last I read on the matter it said it had gone up by some 40 odd per cent this year alone and that people are putting off putting the heating on for as long as possible to save money even if it means living in a chilly home. I've always found it odd that your country is this dependant on gas heating and that you haven't found other ways to heat up you homes. I don't think I know of a single person at my end whose home is heated on gas. To me that's the biggest difference at the moment financial wise between our two countries. Not whether or not the VAT falls by 2.5%.

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