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| VAT reduction http://taxi-driver.co.uk/phpBB2/viewtopic.php?f=2&t=10056 |
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| Author: | grandad [ Mon Nov 24, 2008 6:00 pm ] |
| Post subject: | VAT reduction |
Well isn't the VAT reduction a great help to the transport industry. The rate of VAT is cut from 17.5% but fuel duty is increased so the price remains the same. Which means that VAT registered company's can only claim back 15 % of the fuel price instead of 17.5%. What time does the next boat leave the country! 
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| Author: | Sussex [ Mon Nov 24, 2008 6:04 pm ] |
| Post subject: | Re: VAT reduction |
grandad wrote: What time does the next boat leave the country!
I wonder how many idiots will be taken in by this massive so-called tax giveaway? 
Basically it's a £20 billion tax giveaway for this and next year, with £40 billion bill to pay for it over the next 10 years. Not a good day for our future IMO.
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| Author: | csp [ Mon Nov 24, 2008 6:37 pm ] |
| Post subject: | Re: VAT reduction |
Sussex wrote: grandad wrote: What time does the next boat leave the country! I wonder how many idiots will be taken in by this massive so-called tax giveaway? Basically it's a £20 billion tax giveaway for this and next year, with £40 billion bill to pay for it over the next 10 years. Not a good day for our future IMO. As the current bun once put it so rightly...."will the last one leaving Britian please turn out the lights" 
Another nail in the coffin of this once great island. |
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| Author: | bloodnock [ Mon Nov 24, 2008 8:08 pm ] |
| Post subject: | |
whoopee Doo!!....I think I'l go spend crazy now that VATs been reduced, after all, the retailers have Discounted massively, we Even have almost Zero inflation and prices are coming down and still were in reccession. So does this bunch of labour muppets really think that 2.5 Pence off VAT will save the planet from Economic Armageddon...sadly, I think not 
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| Author: | Skull [ Mon Nov 24, 2008 10:38 pm ] |
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I listened to, Kenneth Clarke, ex- Chancellor of the Exchequer, being interviewed on Five Live this afternoon, and basically, we're fecked . . . . 
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| Author: | Sussex [ Mon Nov 24, 2008 10:55 pm ] |
| Post subject: | |
I'm really confused as to how the gov think the 2.5% reduction is going to send folks flooding back into the shops?
Yes it's better than a 2.5% increase, but TBH I would sooner that than have to re mortgage the country.
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| Author: | Capt Taxi [ Mon Nov 24, 2008 11:17 pm ] |
| Post subject: | |
Just replaced the battery in the cab £94 inc.VAT. If I waited till Monday it would have been £92 inc VAT... Money mad me.... |
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| Author: | toots [ Tue Nov 25, 2008 1:46 am ] |
| Post subject: | Re: VAT reduction |
Sussex wrote: grandad wrote: What time does the next boat leave the country! I wonder how many idiots will be taken in by this massive so-called tax giveaway? Basically it's a £20 billion tax giveaway for this and next year, with £40 billion bill to pay for it over the next 10 years. Not a good day for our future IMO. Yeah by which time Labour will be the opposition and asking what the government intend to do about it, you justa gotta laugh. Anyway didn't see the budget thingy bobbin did they give back the 10% rate after robbing it off the poor earlier this year. The way I look at is if you want people to have money in their pockets to spend then you have to let them keep as much of what they earn as you can it's not rocket science really 
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| Author: | bloodnock [ Tue Nov 25, 2008 2:26 am ] |
| Post subject: | Re: VAT reduction |
toots wrote: Sussex wrote: grandad wrote: What time does the next boat leave the country! I wonder how many idiots will be taken in by this massive so-called tax giveaway? Basically it's a £20 billion tax giveaway for this and next year, with £40 billion bill to pay for it over the next 10 years. Not a good day for our future IMO. Yeah by which time Labour will be the opposition and asking what the government intend to do about it, you justa gotta laugh. Anyway didn't see the budget thingy bobbin did they give back the 10% rate after robbing it off the poor earlier this year. The way I look at is if you want people to have money in their pockets to spend then you have to let them keep as much of what they earn as you can it's not rocket science really no..the Government decided to get rid of 10% of the poor people by means of letting them freeze to death over the winter months..this seemed an easier option, It will also make more room in britain for more Hardy cold weather resistant Eastern EU migrants trying to escape a reccession abroad, its a sound logic as the more people we have here the deeper the national debt becomes and the more we get to borrow and as you correctly point out Toots the Incumbant Tory goverment well be left to take the Rap for our Childrens inherited debt thus making Labour seem wonderful again in around 8 years time when they tories are chased out of office....its a labour win win strategy. you just have to Admire these guys
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| Author: | skippy41 [ Tue Nov 25, 2008 2:48 am ] |
| Post subject: | Re: VAT reduction |
grandad wrote: Well isn't the VAT reduction a great help to the transport industry. The rate of VAT is cut from 17.5% but fuel duty is increased so the price remains the same. Which means that VAT registered company's can only claim back 15 % of the fuel price instead of 17.5%.
What time does the next boat leave the country! You forgot to mention VAT will go back up after 14 months I think thats what he said, so its a 2.5% increace by the back door |
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| Author: | grandad [ Tue Nov 25, 2008 7:28 am ] |
| Post subject: | Re: VAT reduction |
skippy41 wrote: grandad wrote: Well isn't the VAT reduction a great help to the transport industry. The rate of VAT is cut from 17.5% but fuel duty is increased so the price remains the same. Which means that VAT registered company's can only claim back 15 % of the fuel price instead of 17.5%. What time does the next boat leave the country! You forgot to mention VAT will go back up after 14 months I think thats what he said, so its a 2.5% increace by the back door You don't think the extra duty will come of when the rate goes back to 17.5%.......................I think you are probably right.
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| Author: | grandad [ Tue Nov 25, 2008 7:30 am ] |
| Post subject: | |
Capt Taxi wrote: Just replaced the battery in the cab
£94 inc.VAT. If I waited till Monday it would have been £92 inc VAT... Money mad me.... Are you sure the price would have been cheaper. Can you check again on Monday and let us know if the price did actually drop. |
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| Author: | Sussex [ Tue Nov 25, 2008 7:53 am ] |
| Post subject: | Re: VAT reduction |
grandad wrote: You don't think the extra duty will come of when the rate goes back to 17.5%.......................I think you are probably right.
I think he said as much in the budget statement.
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| Author: | Capt Taxi [ Tue Nov 25, 2008 9:39 am ] |
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grandad wrote: Capt Taxi wrote: Just replaced the battery in the cab £94 inc.VAT. If I waited till Monday it would have been £92 inc VAT... Money mad me.... Are you sure the price would have been cheaper. Can you check again on Monday and let us know if the price did actually drop. Battery £80 VAT @ 17.5% £14 Total £94 Battery £80 VAT @ 15% £12 Total £92 VAT will go down by 2.5% but will the battery remain the same? According to my garage,yes. I would have saved £2. The point is I needed a new battery,whether the VAT is 15% or 20% is neither here or there. I would like to have seen tax relief on mortgages reintroduced (it was called MIRAS) for the next two year to help both home buyers and the housing industry. |
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| Author: | bloodnock [ Tue Nov 25, 2008 10:42 am ] |
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Another issue pointed out on a news programme was that everything that is priced inclusive of VAT in shops and stores will now all have to be re priced to allow for its 2.5% Vat reduction..this in itself creates an enormous amount of staff effort to the point that the extra labour to do so costs nearly as much the Vat reduction. That Daft Darling (no..not the wife) has given this about as much thought as a Rabbit sniffing a shotgun Barrel...the mans a fool. |
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