15% VAT

__________ · Post by **__________** » Sat Nov 29, 2008 3:29 pm

what a joke.

''there is no recession, seriously, keep spending money, its nearly christmas...''

anyone noticed the difference?

djprojekts · Post by **djprojekts** » Sat Nov 29, 2008 3:32 pm

Piss take this country is!! I aint gunna have no does for xmas, but anyways all i want for xmas is some doobies and beers nd then im sorted!! lol.

start : stop · Post by **start : stop** » Sat Nov 29, 2008 3:38 pm

Fucking nightmare for us shops n websites. Out to Tesco for jumping on it straight away.

Yeah it not much saving under £1000 but if you buy a car for example it's £300 saved at least.

sonar · Post by **sonar** » Sun Nov 30, 2008 7:14 pm

did anyone see 8 out of 10 cats when sean locke was saying about how he could finally get that kettle he's had his eye on?

hahaha

Whistla · Post by **Whistla** » Sun Nov 30, 2008 9:04 pm

did this get announced in the budget or summin? seemed to have missed the announcement about this

mr_vega · Post by **mr_vega** » Sun Nov 30, 2008 9:37 pm

DJ Whistla wrote:did this get announced in the budget or summin? seemed to have missed the announcement about this

pre-budget. also a secret document released on how the gov plan to increase VAT to 18.5% in 2011, which they of course deny. but who knows..

so lets not complain about this 15% thing just yet u whingers.

datura · Post by **datura** » Sun Nov 30, 2008 9:41 pm

It's starting tomorrow. It will only make a significant difference on high value goods in reality.

Atari-420 · Post by **Atari-420** » Mon Dec 01, 2008 12:43 am

seems like the perfect time for me to get a new laptop

diss04 · Post by **diss04** » Mon Dec 01, 2008 12:51 am

this whole fucking country is a country run by stnuc trying to make us look like stnuc and steadily turning us into them. if i knew politics my head would probably explode with rage but i have seen some clever looking types getting all hot and bothered about the stuff thats on the inside of the front page of the sun.

elbe · Post by **elbe** » Mon Dec 01, 2008 9:07 am

well I read a lot of people moaning, and talking about tax increases in the future but do any of you want to try and explain exactly how else our goverment could help stop us from a major reccession?

it makes sense to me, people need to spend money to keep businesses open, keep people employed. Is it enough? I don't know but I am glad I am not the one who has to strike the right balance, here's hoping mr Darling has got it right.

kins83 · Post by **kins83** » Mon Dec 01, 2008 9:44 am

A cut in income tax would've probably been a better shout. That really would have given more people more money in their pockets. With this VAT cut, you only save money if you actually spend some, and unless you're buying something pretty expensive, the saving is negligible anyway. A saving that is only enjoyed if you actually spend money seems ridiculous in a time like this, where people are struggling to pay utility bills and mortgages, and simply do not have any disposable income.

LEQ · Post by **LEQ** » Mon Dec 01, 2008 9:51 am

Yeah gotta agree Matt, income tax cut would've been nice. VAT means not a lot really, although the amount of people I saw shopping in Kingston on Saturday would disagree.

pre-thought process · Post by **pre-thought process** » Mon Dec 01, 2008 10:12 am

LEQ wrote:Yeah gotta agree Matt, income tax cut would've been nice. VAT means not a lot really, although the amount of people I saw shopping in Kingston on Saturday would disagree.

Kingston aaaaaaa? You a local lad to the KT area LEQ?

LEQ · Post by **LEQ** » Mon Dec 01, 2008 10:29 am

Heh, I'm not too far away, KT20 is moi. It was facking heaving on Saturday, you from there? Been here about 6 months now, all good.

elbe · Post by **elbe** » Mon Dec 01, 2008 10:36 am

Yeah an income tax cut would have made everone a little better off but it is not what we need in times like this. We, as a country not as individuals, need to be spending money, we need to be purchasing products.

consider it like this, the goverment needs to get us spending, so that retailers stay open, if retailers stay open then people stay employed, consider the amount of the uk population that is employed in retail, if people don't spend then these retailers cut jobs and unemployment rises. If unemployment rises then benifit spending rises which means taxes need to rise for those still in employment. I know times are tough for a lot of people, the VAT cuts aloow people to save money but also encourage those that do have something spare to spend it in a way that a straingt income tax would not.

manray · Post by **manray** » Mon Dec 01, 2008 10:46 am

Basically this won't make hardly any difference to your wallet.

Lot's of companies aren't bothering to change the rate. Most places advertise prices as "inclusive of vat" which means they can change the rate to 15% and pocket the extra.

And really you are gonna be paying for it anyway with your NI increase and all the other tax increases they have announced.

LEQ · Post by **LEQ** » Mon Dec 01, 2008 10:52 am

I see that elbizzle but to increase spending, you need more disposable income, hence an income tax cut. If I had an extra £100 in my pay this month, I would've spent it at the weekend, cutting a few % on VAt ( which doesn't even apply to basic food tiems etc ) isn't gonna get me out spending £200 on something only to save £5.

THe cut to me seems like a way to keep SME's going, as private firms are currently losing around 10% of the workforce. THerefore it seems to me the Govt. isnt' trying to increase spending but stop companies making employees redundant. There were loads of tax breaks for sme;s that have hardly been mentioned, such as:

Legislation is planned to give businesses more time to pay certain backdated business rates bills issued before 31 March 2010

UK small businesses will also get around £4bn of lending from the European Investment Bank (EIB) between 2008 and 2011, with £1bn before the end of this year

For example.

I think, it is Monday mornng after all so my brains isn't quite working yet.

Dead Rats · Post by **Dead Rats** » Mon Dec 01, 2008 10:54 am

manray wrote:Basically this won't make hardly any difference to your wallet.

Lot's of companies aren't bothering to change the rate. Most places advertise prices as "inclusive of vat" which means they can change the rate to 15% and pocket the extra.

We're a small shop, just next door to Argos, and we have to reduce our stuff due to the VAT thing.

And while 2% may not seem alot of money out off to the average joe, it is when you think about it on a yearly basis. It's going to amount to hundreds of thousands of pounds in our shop.

pre-thought process · Post by **pre-thought process** » Mon Dec 01, 2008 10:55 am

LEQ wrote:Heh, I'm not too far away, KT20 is moi. It was facking heaving on Saturday, you from there? Been here about 6 months now, all good.

I work in the Town of Kings. KT20, thats around Tadworth innit? Shit, I thought I was in the sticks being in Motspur Park

kins83 · Post by **kins83** » Mon Dec 01, 2008 10:57 am

Yeah eLBe, I see what you're saying, and I do understand the need for a cash injection for the etail sector. It's just that at a time when people don't have a lot to spend, are they really going to be encouraged by a saving of around £5 on a £250 TV?

Not really sure what the solution is, or if there even is a solution. There is Boom, and there is Bust. That is what happens, it's cyclic. I don't think there is anything that can be done to prevent this, and I don't think the economy can be jump started by people being 'forced' into spending their money.

Also - another thing to grumble about. That 40 - 45% tax hike for high earners is a joke too. I mean, I'm not on anywhere near that sort of money at the moment, but I want to be earning a six figure salary at some point in my life, and feel that I can be. So if I put in the work, absolutely working my bollocks off to get where I want to be, then to thank me, a higher proportion of my salary goes to the government? Pffffffft.

And they say this is the fairest way? Bollocks. The fairest way, in my opinion, is that everyone pays the same rate of tax.

/Rant

15% VAT

15% VAT

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