Taxi Driver Online

No it require the vehicle to be built or adapted to carry 8 passengers driver and crew. Which is a minimum of 10 seats. The vehicle does not have to be actually carrying a full load.

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Grandad,

Well,I'm taking on loads of extra staff to cope with the rush on Monday.Anyone wanting to buy my tools and things will ignore all the 50 percent off sale signs and the closing down sale signs and instead hang on till monday and save a few pee.(maybe)
Pity our bosses in Brussels told us 15% was the lowest we could go or old darling could have really pushed the boat out and announced still more and we could have all gone wild with impersonations of Vivienne Nicholson and spend spend spend.

VAT is included in the meter rate.

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Grandad,

VAT is included in the meter rate.

I dont think it is, if a fare is shown on the meter as £5.00 there is not another box showing the VAT as £0.875.
I know what your saying that if an owner is over the threshold he will loose £0.875p off every hire but those who will never reach it are better off by that amount but cannot claim any other VAT back

Where a driver is registered for VAT, the metered rate is inclusive of VAT. That is why for most drivers it is best to stay under the threshold.

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Grandad,

http://money.uk.msn.com/pre-budget-repo ... d=11243885

Zero-rated items
- Bicycle helmets if they meet safety standards
- Blind and partially sighted people can get some equipment VAT free or at a reduced rate, including talking books and vision aids
- Boots and helmets that are protective and for industrial use can be VAT free
- Books, newspapers, magazines, talking books, printed music and maps
- Charity shops and selling goods that are donated
- Children's clothing and footwear that doesn't have VAT charged on it
- Disabled people can get some goods or services VAT free or at a reduced rate including beds, cars, ramps, some building work and chair lifts
- Food for humans including meat, ready meals and cakes - but not food supplied for catering or hot take-aways, sweets including chocolate and other sweetened food, crisps, nuts and other savoury snacks, ice cream and cones, mineral water and other drinks
- Freight transport
- Motorcycle crash helmets don't have VAT charged on them if they meet safety standards
- Overseas and temporary visitors may be able to reclaim VAT back on purchases they've made in the UK
- Protective boots and helmets for industrial use can be VAT free
- Publications, books, newspapers, magazines, talking books, printed music, maps and other printed material
- Renovations or alterations to a listed or protected building or a scheduled monument
- Sewerage services to domestic customers including emptying cess pools and septic tanks - but drain unblocking services are standard-rated
- Passenger transport with a driver or crew, including vehicles, boats and aircraft
- Water supplies to households

its 17.5 %..and yes you claim Back the Vat on all Business Incurred purchases with relevance to the Running of Vehicles and not just Fuel that fit the ZERO rate Criteria Listed below..I did this for a few years but it meant running the Minibus Business side of things as a completely seperate business to the PH side of things, but for all the Xtra hassle of keeping Two sets of Business accounts and the extra accountancy fees it only negated any gain from returned VAT, it simply wasnt worth the hassle of running a separate Zero rated minibus operation so I brought it all back under one VAT chargeable Business...which I Kept below the VAT threshold or I would back to Square one.

It also seems it would be a minimum of 9 passengers + 1 driver to make up 10 people..it would only be 8 passengers if the Minibus were crewed by 2 people. (silly bloody rules but there it is)
Heres what the VAT man says...

4. Zero-rating passenger transport
top ^4.1 In what circumstances can I zero-rate domestic passenger transport?
You can zero-rate domestic passenger transport in any vehicle, ship or aircraft that has at least 10 seats, including those for the driver and crew, unless the supplies are exceptions from the zero rates (see section 8 ). The zero-rated domestic passenger transport will also include:

‘Santa’ flights, which land in another country;
pleasure cruises (see section 10);
cliff lifts;
excursions by coach or train (including steam railways);
horse drawn buses;
mystery coach or boat trips;
sightseeing tours; and
the transport element of park and ride schemes designed to reduce traffic congestion in city centres.

Heres the Addy shown below should you want to download the whole Speil on VAT on Public Transport.

Another whopper link shortened by admin

Does anybody know if the import duty has dropped. As we import most things nowadays if the import duty hasn't dropped then there really isn't much by way of savings to be made. If less import duty was paid things could be sold cheaper because they would cost less to get into the country and with reduced VAT we may notice it a bit more.

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

Import duty won't have dropped but the VAT will now be 15%.

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Grandad,

All I know is that we are we allowed to import up to 50 Illegal asylum seekers each without having to pay any more than £3484 per head per Annum Dole, £1500 Per head per annum NHS costs, £2400 per Head rent allowance and approx £2000 a year in school for their kids. so a family of 4 should cost no more than say £22,000 per year.

So I guess even with the advent of a 2.5% VAT cut and no cut in Import tax we will be on an economic winner..Thank you NULAB...you really know where the Problem lies.

Looks like they are trying to hide a rise to 18.5% in a few years time.

http://news.bbc.co.uk/1/hi/business/7749074.stm

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IDFIMH

The Reality is that the EU rules that VAT must be a minimum of 15% for all its members states, we just hit the Mininum.

If we really want to escape from this Abyss called recession that we find ourselves in we must Cut the tether that ties us to all the other EU Member states by leaving the EU once and for all, The EU is to big, cumbersome and heavy a beast to be nimble enough to haul its self out from the mess we are in.

Not only is it the Size of the EU beast but the cost of adhering to its Idioitic Directives and rules that serve no other purpose but to create more work and wages for the Eurocrats themselves. therefore I advocate we rise up and get out the damn thing and then we might just find ourselves in our rightful place as a nation of economic success.

The VAT on domestic energy is 5%. The VAT on buying a property in Spain is 7%

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Grandad,

I should maybe have said "General EU VAT" is 15% Mininum.but like here there is always the Execptions to the rule.

Heres a Pragraph from the EU VAT Document which links shown at the bottom of this post. it states in general is VAT at least 15%.

VAT rates
The VAT Directive 2006/112/EC of 28 November 2006 (Official Journal L 347, 11.12.2006, p.1) provides in its Articles 93 to 130 and Annex III and IV a legal framework for the application of VAT rates in Member States. Member States have made and continue to make wide use of the possibilities offered within this framework; as a result, the situation is in practice disparate and complex.

The basic rules are simple:

Supplies of goods and services subject to VAT are normally subject to a standard rate of at least 15%;
Member States may apply one or two reduced rates of not less than 5% to goods and services enumerated in a restricted list;
They may also, under certain conditions, apply a reduced rate to certain labour intensive services (annex IV).




http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/rates/index_en.htm

That's why you should buy that £3.99 bulb on Monday,it will cost £3.87.
When VAT goes up to 18.5% it will be £4.04.

Buy now save later....

I think the government are wrong on this.
The economic stimulation will be minimal and most of what we now buy is imported.

Should have reduced tax and NI to encourage companies to employ staff especially part time.

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Charlton's lost past http://www.youtube.com/watch?v=jsFKWGlrze0
London's future? http://www.telegraph.co.uk/news/uknews/ ... rants.html