Lovely...

but Darling has raised duty on Fuel, booze and fags, so what the cunty pissflaps is the point in that?!! I know the defecit would have to be recovered some how but I dont see how I am going to be better off!

Pointless nobbing around in my very informed opinion!

 

tax will be down 80% though by 2050

 

And a pint will be Ł20!

 

So diesel would of gone down a couple of pence due to the VAT decrease....but now probably wont move due to the fuel duty increase - the blokes a proper nobhead!!!

 

The thread title is misleading. VAT is not NOW at 15%. It's just the pre-budget report.

 

Bunch of cocks, going to cost businesses a fortune to change over from 17.5% to 15%, and all for no real benefit to the consumer.

Normally I agree with Brown's decisions of a financial nature, but him letting his chancelor dick around with stupid crap like this is putting him down in my estimation, he should have pointed out how fucking dense it was.

 

I am fooking fuming! Whos going to pay me to change all my fooking advertising?!

 

Usual trick then !...... No suprise there !

.

 

no point at all really for the shopper, if something @ 17.5% vat costs 99p, its never going to be pased onto the consumer @ 15%, it will still cost 99p !


A waste of time, as mentioned by others in the other post on this, fuel duty, electric / gas is where a cut would work and benifit most

 

I genuinely feel sorry for you Stu, right as times are difficult economically, they throw this political swerve ball at you as well.

Not good at all!

Dramatic though it sounds, this WILL be the straw that brakes some camel's backs and puts people out of business.

 

Effective from 1st Dec if I read it right?

 

When will this take efect from ?

Steve.

 

Oh, well businesses have got a whole week to reprint all their stationary, change all their adverts (including ones already sent to print that wont be out in mags till AFTER then and for which the deadline for resubmission has passed) update their websites etc.

So thats ok then, there was me thinking it would be some ludicrously short timescale like a month

 

How about they leave VAT alone, and ruduce income tax abit, or raise the threshold levels a good amount more

might make me do some overtime if i aint being taxed 40 fucking % !!!!!!!!

 

They want to encourage spending, not increase individual wealth at the expense of goverment coffers.
Its a subtle difference, but a very important one.

The last thing they want is anyone doing overtime though, they would sooner you dont do it and some unemployed person gets given a job doing it instead

 

I know stupid isn't it! I wasn't implying anything else

 

this vat reduction takes place effective of mon 1st december

are we really gonna see a true reduction of 2.5% on everything we buy though????

 

You're right. It's me being misleading

http://news.bbc.co.uk/1/hi/business/7746241.stm

De facts. Hopefully.

 

ahh i see did think of it like that,


oh well now vats 15% that Ł700 50" plasma im after, will now be Ł17.48 less bargin, so much i might get one for the shed its time to spend spend spend 2.5% savings to be had, tho not down the pub

 

VALUE ADDED TAX
VAT will be cut from 17.5% to 15% for 13 months, from 1 December.
But the VAT cut on tobacco, alcohol and petrol will be offset by increasing the duties on these products.

Bugger, the most expensive things on my shopping list each month are not going to get any cheaper

 

I would of saved Ł1.25 if i wouldn't have filled the car up today

Steve

 

still got tomorrow off work to do christmas shopping, should be nice and empty, ill happily pay 2.5% more for a quite shopping centre

 

Bugger, i was writing my post when you posted this

Well at least i ain't lost anything

Steve

 

no because tomorrow you would have run out of fuel, then had to buy a jerry can to fill it up!

 

45% income Tax... great news...

 

LOL, Nothing personal but at least they made one good decision

 

Exactly, my boss is certainly not going to lower his prices and hes defianately not going to give me a rise, so the only people that benefit are business owners!!

they certainly dont cry when they are out spending thousands when the going is good, bu as soon as a quiet patch comes they cry like babies!

Have they never heard the phrase save for a rainy day or take the rough with the smooth!

So the only people that benefit are people with money or scumbags on benefits!! What about the rest of chuffing Britain that is stuck in middle getting no help whatsoever despite everything going through the roof!

 

Same situation as Stu with Advertisingsthen theres the accounts etc and all the supplier VAT amount figures to be changed and it goes on and on...

But on an up note
Our stg2 6 Degree Beams will be Ł21.25 cheaper as of the 1st December Woohoo...

 

Whilst i understand why, I also feel that it has always been unfair to charge someone Ł45 tax on every Ł100 they earn, just because they earn more than you. Its also one of the reasons the big cats have to give themselves such massive pay rises that we all get annoyed about.

For every Ł100K they earn after the bracket point, they pay a ludicrous Ł45000 TAX! Fook me, how is that ever fair?!

 

am i the only one who feels the aditional duty on petrol etc will not come back down when the VAT goes back up in 2010...? Presuming all this goes ahead as planned.

 

That kind of makes sense BUT.....

I would rather have Ł100000 with 45% tax than the shitty 30+k I earn. LOL

 

Even if you quadruple the hours to earn it? And it gave you quadruple stress too, and meant you could not have any real social life or holidays? Think the tax would be really fair do you because your earning plenty? I bloody dont.

 

When you put it like that I guess that it isnt fair.

However, most of the people earning those high wages are the mainly the ones who caused most of the credit crunch so its deserved.... In my blinkered opinion... lol !

 

What a complete waste of time, surely proof that the country is run by idiots?

 

Can you imagine the work supermarkets are going to have to do in the next week.

Pretty much every product (excluding some low VAT ones) will have to be repriced. Every shelf edge label in thousands of stores reprinted, every piece of Point of Sale with prices are now wrong and requiring reprinting and changing. Every price marked pack effectively showing the wrong price. All the planning for xmas now needs re-thinking.

And all of this has to be diligently checked and double triple checked to ensure displayed prices are the same as the checkout reads. Probably hundreds of computer systems effected!!

Joy

 

Like i say, i can see why the rule is in place as at the end of the day our economy needs X amount and it must be raised one way or another and they cant easily tax the poor any harder, but i do feel there could be fairer ways to do that, such as Motorway toll charges instead of road tax, and alternate scales of tax based on how many hours you actually change for. IE: The more you earn per hour, the more tax you pay above a certain level, that way, Mr A Earning Ł5K per week for 39 hours would pay more tax than Mr B earning Ł5K per week for 120hrs. That would be a lot fairer, or at least it would on paper with no real thought behind it.

 

Its an unbelieveable oversight in my opinion that is simply going to lead to shops saying:

 

dont those that earn big bucks usually pay decent accountants to offset a sizable chunk of their tax liabilities? i know i do and im under the 40% threashold.

 

supermarkets wont need to change much,its vat remember...


as for the stationary and adverts,you should always just put prices subject to vat,not the rate.

and the rate isnt on many business invoices either.

 

Tim, a huge amount of supermarket products attract VAT. Any printed material that diplays that price will require changing. Supermarkets are already saying they WILL pass this directly onto customers so there will be an impact.