2.5% decrease VAT

24 Nov 2008

Oh for Gods sake like thats going to make all the difference to me in the world. The news pointed out that it makes a difference of 42p on a £20 tiaster (i'll have ten then rolleyes

) at one end of the scale going on to mention the big saving on a £16000 car of £330. Well excuse me but if your really that bothered over £300 in your choice of car when spending 16K then maybe you shouldn't be buying a 16k car buy a 15k one instead.
I am sorry but I find that this reduction in vat being the thing to get the economy going again is verging on f*cking silly.

24 Nov 2008

It is going to be interesting to see what happens.

24 Nov 2008

that is fair enough....
at least i am another 25 quid up on the 10p tax fiasco business.... so technically 145 pounds better off than i was doing last april....
i am working my way thru all the other little bits and bobs of the speech if there is anything else i'll put up

24 Nov 2008

the reduction in vat is nothing.
remember petrol,alcohol and tabacco duty will go up considerable soon so you are gaining nothing.
Also most fuel bills have only a %5 vat charge on them so you will see no benefit from this.
Save we will be paying for it later!

24 Nov 2008

it all seems a bit pointless and pathetic.
nowim crapat financial stuff , but arnt most peopel in the crap because they have been spending TOO much, so why the heck are they trying to convince us to spend more.
you can take vat down to fecking 2 % and i still cant afford the car , tv blah blah i am skint paying rent, council tax, car tax, petrol, insurance, water , gas , electric,oh and if were lucky basic food.
im sorry the help for mortgage cuts vat cuts are still fecking helping those who can affrd houses and fancy new crap.
so NI is going up yippee,and still i have to work and pay for my own dental treatment!!!
they are constantly robbing the poor (yeah i work full time and im fecking poor) why did they cut the 10p tax rate???
these benefits are only helping those who spent or are spending.
i dont buy new i cant afford a holiday i dont have fancy new car i dont smoke.
xxx fem xx

24 Nov 2008

Seems that HMG think everyone else is going to spend their way out of trouble like they are saying they will..
tinker, tinker tinker.. make it look like they are doing something while all the time they are making the poor pay more.
and while Nero fiddles...

24 Nov 2008

Quote by GnV
Seems that HMG think everyone else is going to spend their way out of trouble like they are saying they will..
tinker, tinker tinker.. make it look like they are doing something while all the time they are making the poor pay more.
and while Nero fiddles...

Britain sinks further down the sewer.
Bottler Brown thinks he is the hero in all our hours of need. The guy has nicked our pensions, lost all our records on a cd, along with how many stealth taxes? dunno

When is this idiot going to realise people have no money to spend on bollocks. All the money they have goes on higher fuel bills, higher petrol bills, higher food bills etc........Now we have the trains going up too. Not his fault maybe but more money people will have to find.
The guy is a joke and this ammount of money " borrowed " will at some point in the future, bite us all up our arses. But of course by then Bottler Brown will be long gone. With his big fat pension, living in his big fat house. Whilst the rest of us have no jobs and no money and no businesses. What a joke if he thinks cutting 2.5% off of VAT will make a difference to me. What a " twat " with an " A " !!

24 Nov 2008

Quote by kentswingers777
Seems that HMG think everyone else is going to spend their way out of trouble like they are saying they will..
tinker, tinker tinker.. make it look like they are doing something while all the time they are making the poor pay more.
and while Nero fiddles...

Britain sinks further down the sewer.
Bottler Brown thinks he is the hero in all our hours of need. The guy has nicked our pensions, lost all our records on a cd, along with how many stealth taxes? dunno

When is this idiot going to realise people have no money to spend on bollocks. All the money they have goes on higher fuel bills, higher petrol bills, higher food bills etc........Now we have the trains going up too. Not his fault maybe but more money people will have to find.
The guy is a joke and this ammount of money " borrowed " will at some point in the future, bite us all up our arses. But of course by then Bottler Brown will be long gone. With his big fat pension, living in his big fat house. Whilst the rest of us have no jobs and no money and no businesses. What a joke if he thinks cutting 2.5% off of VAT will make a difference to me. What a " twat " with an " A " !!
:thumbup: :thumbup: :thumbup: :thumbup:
this cut has actually made me angery, cuse it shows how little the jumped up twat really knows how the people are suffering.
give us the income tax cut and let us chose how we use that money.
xx fem xx

24 Nov 2008

Like ALL politicians they dangle a carrot in front of us we follow it and all the time they are really just kicking us up the backside as always.
They never lie to you but there again they never ever tell you the truth do they! mad

24 Nov 2008

Anybody know if you get charged VAT on holidays? Close to booking up for next year and on a £1000 holiday its £25 saved. Not a fortune, but worth having.
John & Shel

24 Nov 2008

Quote by tyracer
the reduction in vat is nothing.
remember petrol,alcohol and tabacco duty will go up considerable soon so you are gaining nothing.
Also most fuel bills have only a %5 vat charge on them so you will see no benefit from this.
Save we will be paying for it later!

this is true.. ive just been reading it in detail.
fuel duty is going to go up by 2p... which is about a 2% increase... so really your only saving 1/2% on tax... .. oh and it says that the reduction in VAT will rise again in 2010.. but no meantion of the Fuel duty coming back down again.... another hidden tax or am i just being daft?
most food is non taxable.. unless you go to a resturant or take away.. and can you see your local pizza express reducing the prices.
aslo... most big companies will list items as Vat charges at the appropriate rate".. which means they are covered if they do not reduce the retail price.
in short... the one people that will benifit from this are the retailers. as this now allows them to offset the increase of cost of goods. that the Weak pound as created.

24 Nov 2008

The aggravation to small business to arrange a 2.5% reduction in their returns for only 13 months is incalcuable. Dont't forget that the money is being taken back anyway from your other pocket every time you fill up or have a drink - this will not change in 13 months time.
I think this is a stupid idea and will have very little effect on day to day prices because the reduction is so small that retailers will just not bother especially with the added hassle of administering it.
Why not just abandon or halve VAT for six months instead? Now that would make an appreciable difference.

24 Nov 2008

Quote by Too Hot
The aggravation to small business to arrange a 2.5% reduction in their returns for only 13 months is incalcuable. Dont't forget that the money is being taken back anyway from your other pocket every time you fill up or have a drink - this will not change in 13 months time.
I think this is a stupid idea and will have very little effect on day to day prices because the reduction is so small that retailers will just not bother especially with the added hassle of administering it.
Why not just abandon or halve VAT for six months instead? Now that would make an appreciable difference.

or give it where its more noticable.... IE income tax.. reduce that by 2.5% and people will feel "better off" so will be more likeky to spend it.. in turn kick starting the economy again... but i'm guessing this would actually cost the government cash.. so they won't do it.
they think people are simple and belive it will make a huge saving.

25 Nov 2008

does anybody actually believe the price of anything will come down. The government on one hand reduced vat by 2.5% at the same time increasing costs to businesses. so any decrease in vat will be offset by an increase price.

25 Nov 2008

Quote by Jiggle
snip...
fuel duty is going to go up by 2p... which is about a 2% increase... so really your only saving 1/2% on tax... .. oh and it says that the reduction in VAT will rise again in 2010.. but no meantion of the Fuel duty coming back down again.... another hidden tax or am i just being daft?

Don't forget that VAT is charged on Duty (unbelievable, I know - charging VAT on a Government tax ffs) so there will be no saving - probably an overall increase.. :shock:

Quote by Jaq-Kryps
does anybody actually believe the price of anything will come down. The government on one hand reduced vat by 2.5% at the same time increasing costs to businesses. so any decrease in vat will be offset by an increase price.

Ah.. but it won't be the Government's fault, will it wink

25 Nov 2008

Quote by Jaq-kryps
does anybody actually believe the price of anything will come down. The government on one hand reduced vat by 2.5% at the same time increasing costs to businesses. so any decrease in vat will be offset by an increase price.

Nope. Not in high street retail anyway. £99 will still be £99, cos that's the price point everyone's used to, and for those importing goods from Europe, the small increase in the profit margin thanks to lower VAT will be offset by the increased cost of the goods into the country in the first place, thanks to an increasingly poor Euro exchange rate.
It's nonsense to suggest 2.5% off 'luxury' goods will get us out of this particular hole, because only those in a position to spend big will make any significant saving, and they're the types who would probably keep spending anyway. Food, utilities and other everyday essentials are completely unaffected. Far better to have increased personal allowances, even temporarily, to offset the ongoing impact of the 10% tax fiasco, and put more money in people's pockets at the end of the month.
Neil x x x;)

25 Nov 2008

A brilliant artical.

25 Nov 2008

I agree Triple 7!
these two statements are priceless:
"At a time when shops are offering discounts of up to 50per cent in a desperate attempt to drum up trade, what's the point of cutting two-and-a-half per cent off VAT? People aren't quite as stupid as Gordon Brown thinks they are."
"Yesterday's hike in National Insurance is an income tax rise in all but name for everyone."
And they sum it all up :thumbup:

25 Nov 2008

Quote by GnV
I agree Triple 7!
these two statements are priceless:
"At a time when shops are offering discounts of up to 50per cent in a desperate attempt to drum up trade, what's the point of cutting two-and-a-half per cent off VAT? People aren't quite as stupid as Gordon Brown thinks they are."
"Yesterday's hike in National Insurance is an income tax rise in all but name for everyone."
And they sum it all up :thumbup:

In real terms all it is is bottler Brown, trying to hood wink us. Would he be giving this away if he had gone to the polls earlier this year and won? Of course not.
The last time we borrowed this kind of money was a disaster. People have very short memories where politics are concerned. The Bottler just sat there in the House yesterday it was sickening to watch. We all know this was not " eyebrows " speech, it had bottler Brown written all over it. A muppet chancelor if I ever saw one....Who's pulling his strings? wink

25 Nov 2008

On the bright side, it's better than fuck all!

25 Nov 2008

Quote by Peanut
On the bright side, it's better than fuck all!

Thats true but not a lot back after all we have paid in. Will make no difference to my business at all.

25 Nov 2008

Quote by kentswingers777
On the bright side, it's better than fuck all!

Thats true but not a lot back after all we have paid in. Will make no difference to my business at all.
Now this is what I don't understand about people. We pay taxes to get something for it, we don't pay them to get the money back at some later date.
If people got that concept they wouldn't be so pissed off when they understand that "not a lot back after all we have paid in" isn't the point of paying it in in the first place.
Last time I looked taxation wasn't an endowment package, savings plan or investment plan whereby you get your expenditure back after a certain amount of time.
Could just be me though.

25 Nov 2008

An example for me is 4 grand for my business rates. I do not get my bins emptied, or nothing. I get nothing at all for that money.
Most of my business is not based around VAT, so when they say they are helping people to have more money to spend, I don't know that I will.
Still I have me health as they used to say. lol

25 Nov 2008

Quote by kentswingers777
An example for me is 4 grand for my business rates. I do not get my bins emptied, or nothing. I get nothing at all for that money.

Actually you do. You are paying for Police and Fire services amongst other things.

Most of my business is not based around VAT, so when they say they are helping people to have more money to spend, I don't know that I will.

I'm not sure what relevance it has that your business isn't based around VAT. If you're VAT registered then VAT is irrelevant anyway. But as person as opposed to a business theoretically you will be 2.5% better off, though as we know in practice nothing will change.
The fact remains that we don't pay tax to get it given back to us later regardless of whether we are a business or not.
You seem to be under the impression that we are being fucked over by the government because they are giving us back what we paid in. Why the hell should they? If they did they'd have nothing left because it actually costs them to receive and administrate the tax system.
Like I said in the previous post I can't understand why people, like yourself, get pissed off when they don't get anything back. You were never meant to. You either pay less or you pay more, you don't pay more then get the difference back afterwards.

Still I have me health as they used to say.

You're forgetting National Insurance then aren't ya :P

25 Nov 2008

Overall to most people lets face it 2.5% is going toi make f*ck all difference in the main. It's just Politicians paying lip service to the gullible or disinterested. Brown is getting this country into so much debt without it having the where withall to pay it back as it had after the fiasco of the 70's. By the time a new prime minister/government tales over the blame and responsibility will be pushed onto them together with the blame for us all having to pay more, a lot more.
Is it not a bit of an irony that the eighties was blamed for in frivlous spending and its excesses and that these brought forth the problems of the early 90's We have been told time and time again to excercise prudence in our family finances by the powers that be. Now, we are being asked to spend our way into personal debt to ease the "national" crisis.
For gods sake the people who are asking Joe Public to do these things will never in their own lives have to wonder how they are going to pay their mortgages keep their houses warm or afford the petrol in their cars. I'm afraid that the older I get the more I see the selfish self seekers amongst our esteemed leaders.

25 Nov 2008

Quote by Lost
snip...
Is it not a bit of an irony that the eighties was blamed for in frivlous spending and its excesses and that these brought forth the problems of the early 90's We have been told time and time again to excercise prudence in our family finances by the powers that be. Now, we are being asked to spend our way into personal debt to ease the "national" crisis.
For gods sake the people who are asking Joe Public to do these things will never in their own lives have to wonder how they are going to pay their mortgages keep their houses warm or afford the petrol in their cars. I'm afraid that the older I get the more I see the selfish self seekers amongst our esteemed leaders.

Somehow, I can't see the Political Class (Commissar Brown and Mandelson et al) paying 45% tax.. can you?

25 Nov 2008

Quote by Lost
Overall to most people lets face it 2.5% is going toi make f*ck all difference in the main. It's just Politicians paying lip service to the gullible or disinterested. Brown is getting this country into so much debt without it having the where withall to pay it back as it had after the fiasco of the 70's. By the time a new prime minister/government tales over the blame and responsibility will be pushed onto them together with the blame for us all having to pay more, a lot more.
Is it not a bit of an irony that the eighties was blamed for in frivlous spending and its excesses and that these brought forth the problems of the early 90's We have been told time and time again to excercise prudence in our family finances by the powers that be. Now, we are being asked to spend our way into personal debt to ease the "national" crisis.
For gods sake the people who are asking Joe Public to do these things will never in their own lives have to wonder how they are going to pay their mortgages keep their houses warm or afford the petrol in their cars. I'm afraid that the older I get the more I see the selfish self seekers amongst our esteemed leaders.

Sounds like it's akin to eating more to stay slim!

25 Nov 2008

Quote by GnV
snip...
Is it not a bit of an irony that the eighties was blamed for in frivlous spending and its excesses and that these brought forth the problems of the early 90's We have been told time and time again to excercise prudence in our family finances by the powers that be. Now, we are being asked to spend our way into personal debt to ease the "national" crisis.
For gods sake the people who are asking Joe Public to do these things will never in their own lives have to wonder how they are going to pay their mortgages keep their houses warm or afford the petrol in their cars. I'm afraid that the older I get the more I see the selfish self seekers amongst our esteemed leaders.

Somehow, I can't see the Political Class (Commissar Brown and Mandelson et al) paying 45% tax.. can you?
I think for the purposes of tax they probably end up paying less than their domestic helps (cleaners) Dont you?

25 Nov 2008

Quote by Peanut
An example for me is 4 grand for my business rates. I do not get my bins emptied, or nothing. I get nothing at all for that money.

Actually you do. You are paying for Police and Fire services amongst other things.

Most of my business is not based around VAT, so when they say they are helping people to have more money to spend, I don't know that I will.

I'm not sure what relevance it has that your business isn't based around VAT. If you're VAT registered then VAT is irrelevant anyway. But as person as opposed to a business theoretically you will be 2.5% better off, though as we know in practice nothing will change.
The fact remains that we don't pay tax to get it given back to us later regardless of whether we are a business or not.
You seem to be under the impression that we are being fucked over by the government because they are giving us back what we paid in. Why the hell should they? If they did they'd have nothing left because it actually costs them to receive and administrate the tax system.
Like I said in the previous post I can't understand why people, like yourself, get pissed off when they don't get anything back. You were never meant to. You either pay less or you pay more, you don't pay more then get the difference back afterwards.

Still I have me health as they used to say.

You're forgetting National Insurance then aren't ya
:shock:

25 Nov 2008

Just a thought...if we are all going to be so much better off, including MP'S, does that mean they will have more money to buy bigger kitchens for their second homes? dunno

Peanut my comment about my business rates which I get nothing for, yes you are right it does go towards the things you mentioned but.....as I live in the same borough I have to pay twice. Once for the business and once for my home.
So I am confused how I have to pay twice for the same thing? Or is it called Socialism? :dunno: Or if we all have to pay it then maybe it is Communism. :lol: