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VAT CUT - who is going out to spend spend spend??
Posted: Tue Nov 25, 08 12:09 am
by newport100
Not many I reckon?- meanwhile I have a week to totally reconfigure our invoicing software and change 10,000 prices on our computer system , website and ebay (which means editing each listin - close to 2000 items)
not expecting much sympathy coz we all want cheaper stuff- but this a quite a mammoth task without too much notice!
plus I reckon peeps will hang onto any money they save rather than buy more
Posted: Tue Nov 25, 08 12:29 am
by Anonymous
10% would have been a bit more interesting. or eliminate it on essentials like food . It was supposed to be a tax on luxurys wasn't it? I have it in the back of my mind that digestives are not subject to VAT but chocolate ones are.
Posted: Tue Nov 25, 08 12:34 am
by newport100
Exactly
PLUS- If the decision is right
No ones gonna buy anthing this week now - one of the major Xmas shopping weeks)
and all go mental next week !
Posted: Tue Nov 25, 08 3:52 am
by Dart Vader
Under EU laws we can't go lower on VAT than 15%, Germany has MST and it's 15% I think. MST is Merverstaur or something. It doesn't stand for Must Start Trouble as we used to call it
I feel for all the retailers who have to change every price tag etc, that'll cost them more than the 2.5% it saves us.
At least its for 13 months or something.
What chokes me is its all way too little way too late.
Austrailia saw this coming 10 years ago and as a government of a country are "debt free".
Seems like we exported some smart accountants at the same time we got rid of our robbers and muggers !!!
If only I didn't have two kids (who I love dearly so don't take this the wrong way) I'd be off to OZ like a shot
I'm up at 3.50am cos I'm stressed about money, I'm on my 5th cup of mint tea !!
J
Posted: Tue Nov 25, 08 5:49 am
by Kev
Do you really think all retailers will actually cut 2.5% off everything?
Time to take a calculator shopping.....
Can't you bring the kids with you to OZ? George loves it, or is it more complicated.
Posted: Tue Nov 25, 08 7:50 am
by latil
To get some money back Mr Darling is increasing the duty on Petrol,Fags and Beer.
Posted: Tue Nov 25, 08 8:04 am
by Kev
Petrol just gone under a buck a litre over here and is set to fall further(?)
Posted: Tue Nov 25, 08 8:17 am
by latil
Morrisons are 89.9/l in places here.
Posted: Tue Nov 25, 08 8:49 am
by bruvmopar
Same Price Down Here Steve, Cheapest I Have Seen Petrol 89.9/ Des £1.05.
Posted: Tue Nov 25, 08 9:08 am
by Charger
Kev wrote:Petrol just gone under a buck a litre over here and is set to fall further(?)
that's about 42p in our money
Posted: Tue Nov 25, 08 9:10 am
by Charger
latil wrote:To get some money back Mr Darling is increasing the duty on Petrol,Fags and Beer.
yeah i just read that, the git is raising fuel duty to offset the fall in vat, that's nice of him
Posted: Tue Nov 25, 08 9:32 am
by Jeff
Where is that Bananarama! postman.
Posted: Tue Nov 25, 08 12:19 pm
by Anonymous
Kev wrote:Petrol just gone under a buck a litre over here and is set to fall further(?)
Should ease the pain of being an immigrant Kev
Posted: Tue Nov 25, 08 1:54 pm
by Charger