View Full Version : VAT increase
well the dreaded day of the vat increase is upon us, what are your thoughts on this? how will it effect you the most? apart from the obviouse rise in cost for food i think the biggest cost for myself will be fuel for the t2 as that is never a set budget and varies greatly dependant on hospital trips etc.
im thinking i should have filled up yesterday :doh ah well wel just have to grin and bare it theres not much we can do about it!
Peasgood
03-01-2011, 11:20
If you go to the supermarket and spend £100 on food, it will now cost £102.50. I don't think it will bother me as it is easy enough to cut £2.50 off the bill if I really wanted to.
The VAT increase makes a lot more sense than the VAT decrease a while back, provided it gets spent wisely! (unfortunately not very likely)
to me, i am just gonna deal with it. wont be great for fuel thats for sure, which will just go up and up this year, so thats my only concern. Everything else, food, clothes etc etc it isnt going to kill anyone, and if it benefits the country like they CLAIM it will, then great...but i doubt it will, and I doubt we will see any benefits.
Deleted account DD
03-01-2011, 11:37
Its disgraceful. Those of us who work or have worked to bring a living wage home are again funding those who dont as well as bailing out fcukwits like Gordon Brown who've screwed everything up trying to buy friendship and popularity.
Im not remotely philosophical about it , im ******* angry :mad::mad::mad:
Those of us who work or have worked to bring a living wage home are again funding those who dont
thats a point i'll be feedin that woman down the road and her fatherless kids, little oinks they are, already had petitions to get em moved out the trouble makers
jims-terrano
03-01-2011, 12:46
Personally I'm well Peed Off with this, the cuts and the list goes on. Strikes me whoever we get in will screw us but I have to say these shamefull people want locking up. Personally I'm just waiting for the axe to fall so that I can start to lose everything I've worked hard for. Still atleast the people in power will be OK.:clap The gap between the rich and the not so rich is going to get ever wider no matter how hard you work. It doesn't matter how they dress it up the people who work are still being made to pay the price. Still in a few months when the cuts are actually made chances are both me and the Mrs will be two of the cuts.
I'm not really bitter:doh
Jim
thats a point i'll be feedin that woman down the road and her fatherless kids, little oinks they are, already had petitions to get em moved out the trouble makers
isn't there a word for fatherless kids, oh yes barstewards, thats it, got some round here mate, one of them chucked a small bedroon unit through my mates car windscreen for a laugh, his old man didn't laugh though when he got the bill. :thumb2
Don't forget the last Government set the bench mark for fuel in 2008-2009, Remember £135.00 a LITRE ? And then they kept on about Global Warming and we all need to drive little noddy cars to save the planet Bulls--t i say we have been stitched up big time and this coalition government cannot start governing properly until 2012 because of the 2 year nursery period. remember blair's first 2 years 1997-1999 ? Yep he done nout, Oh he said i will extend the period until the year 2000 because of that millenium bug thing, Remember ?
So here comes the year 2000 lets have fun says Blair. I will sell all of the UK gold and start to bankrupt the country. then the Fuel strike, Start of Foot and mouth, Year 2001 European tour Kosovo ,Bosnia Twin Towers and more F&M 2002 Anthrax in London because of the terrorists and the list continues and the last but not least before thy left office PIG FLUE AND NO MONEY IN COFFERS.
AND BLAIR SAYS I HAVE LOADS OF CASH BUT YOU LOT DONT!!!!!!
makeitfit
03-01-2011, 13:55
Also noted that the last of Browns fuel duty was applied yesterday :o just in time to have the extra 2.5% vat added to that as well:doh
Hurra for bio, in your face tax man :p
Mind you I'll be claiming back the vat on the wifes fuel though :lol
im thinking i should have filled up yesterday :doh ah well wel just have to grin and bare it theres not much we can do about it!
Um well its not to late the vat doesnt go up until tomorrow its the fuel duty that went up yesterday
zippy656
03-01-2011, 14:30
If you go to the supermarket and spend £100 on food, it will now cost £102.50. I don't think it will bother me as it is easy enough to cut £2.50 off the bill if I really wanted to.
The VAT increase makes a lot more sense than the VAT decrease a while back, provided it gets spent wisely! (unfortunately not very likely)
dont forget vat is not one every food item..
its on diesel... but not veggie oil.. :lol
but to get food to the shops you need diesel.
(RIP) PLANK
03-01-2011, 18:57
but to get food to the shops you need diesel.
excellent point, the increas i fule price will put the price of everyhting up and everyone will feel the pinch, except of coure the government and the Arabs :doh
Its disgraceful. Those of us who work or have worked to bring a living wage home are again funding those who dont as well as bailing out fcukwits like Gordon Brown who've screwed everything up trying to buy friendship and popularity.
Im not remotely philosophical about it , im ******* angry :mad::mad::mad:
:clap :clap :clap :clap :clap
The rich get richer :mad:
The poor get poorer :banghead
The working class get screwed :mad: :banghead :mad:
The spongers keep laughing :mad: :mad: :mad: :banghead :banghead :mad: :mad: :mad:
lacroupade
03-01-2011, 19:06
ooh...
http://blogs.telegraph.co.uk/finance/ianmcowie/100009152/how-thousands-can-make-a-profit-out-of-vat-loophole/
(RIP) PLANK
03-01-2011, 19:11
ooh...
http://blogs.telegraph.co.uk/finance/ianmcowie/100009152/how-thousands-can-make-a-profit-out-of-vat-loophole/
to discourage 'cash deals' perhaps?
makeitfit
03-01-2011, 19:37
ooh...
http://blogs.telegraph.co.uk/finance/ianmcowie/100009152/how-thousands-can-make-a-profit-out-of-vat-loophole/
Nice work Mr Luvgluv :bow:bow:bow:bow
I'll be a ringing my vatman in the morning :thumbs
Best news all year:cool:
i put some diesel in my mistral today at tescos .... £1.26.9 per litre !!!!:eek:
As well as fuel, shopping, etc don't forget you will be paying 2 1/2% more for:-
Electricity
Gas
Water
Oil for heating
Telephone
Internet
Mobile phones
New cars (Chance will be a fine thing, but also second hand cars)
Electrical items
Cd's DVD's
Alcohol, ciggies
Garage costs, servicing, MOT's
Clothing
Not sure about postage, prescriptions, road tax, rates, they will probably sneek up as well.
:eek: :eek:
As well as fuel, shopping, etc don't forget you will be paying 2 1/2% more for:-
Electricity
Gas
Water
Oil for heating
Telephone
Internet
Mobile phones
New cars (Chance will be a fine thing, but also second hand cars)
Electrical items
Cd's DVD's
Alcohol, ciggies
Garage costs, servicing, MOT's
Clothing
Not sure about postage, prescriptions, road tax, rates, they will probably sneek up as well.
:eek: :eek:
and what services /etc can we expect from the government for our extra expenditure ? ..... more hospitals perhaps .... better roads ? ..... more police ? ......:augie
and what services /etc can we expect from the government for our extra expenditure ? ..... more hospitals perhaps .... better roads ? ..... more police ? ......:augie
More unemployment, more cost cutting policies, :eek:
Deleted account DD
03-01-2011, 23:02
We've just bought some new furniture today. The shop reported manic trading and theyre open extended hours.
Put quite simply sales aside its not just us who have fitted in a years furniture shopping before the 4th.
If we went in tomorrow our little spree would have cost £112 more, all straight to the chancellor nothing at all for us.
bollocks to em :thumb2
road tax scrapped and replaced with 5p on a litre of fuel
all unemployed persons will be given a maximum of 3 job offers ...
all persons attaining the age of 17 will be required to partake in national service for a period of 2 years ... no exceptions . or leave the country
makeitfit
03-01-2011, 23:25
road tax scrapped and replaced with 5p on a litre of fuel
all unemployed persons will be given a maximum of 3 job offers ...
all persons attaining the age of 17 will be required to partake in national service for a period of 2 years ... no exceptions . or leave the country
I'm not doing it........................send me to NZ please :sly
geoffdown
03-01-2011, 23:28
As well as fuel, shopping, etc don't forget you will be paying 2 1/2% more for:-
Electricity
Gas
Water
Oil for heating
Telephone
Internet
Mobile phones
New cars (Chance will be a fine thing, but also second hand cars)
Electrical items
Cd's DVD's
Alcohol, ciggies
Garage costs, servicing, MOT's
Clothing
Not sure about postage, prescriptions, road tax, rates, they will probably sneek up as well.
:eek: :eek:
dont know bout gas but would Oil for heating go up by 2.5% as the vat on that is only 5% not 17.5% and they did not reduce the 5% band when they took off 2.5% of the 17.5% i thought it was on the 17.5% band but bet they will put the rest up as well:doh
makeitfit
03-01-2011, 23:29
I took a few tastey deposits before crimbo :rolleyes:
That's Jan and some of Feb sorted :naughty
Invoice book still open at er an earlier date too :sly
Any one else need a pre vat increase kitchen ? :cool:
Deleted account DD
03-01-2011, 23:29
http://www.hmrc.gov.uk/vat/forms-rates/rates/rate-rise-guidance.pdf
solarman216
03-01-2011, 23:38
:clap :clap :clap :clap :clap
The rich get richer :mad:
The poor get poorer :banghead
The working class get screwed :mad: :banghead :mad:
The spongers keep laughing :mad: :mad: :mad: :banghead :banghead :mad: :mad: :mad:
Nothing better said, screw the system, I do, Rick, oh and for those interested the back today is a lot lot better, Rick:thumb2:thumb2
Thomas-the-Terrano2
03-01-2011, 23:50
i'd say if theres something you want to buy but can wait, then do so as
in few weeks retailers will have to reduce prices to offset no one buying
cos vats gone up. certainly on things like tvs if computers.
when vat went down before we got all sort of odd prices, then things
settled and started getting the £xxx.99 type prices again.
certainly was rushing out for a new tv for sake of saving £10-15 in vat
increase, now when analog goes off in yorks this year might be another
matter, yep will buy a set top box lol
(RIP) PLANK
03-01-2011, 23:52
I had a letter from 3 about my dongle apparently due to the vat increase it's rising fomr £7.50 to £8 a month, i don't know who does their maths :nenau
Nothing better said, screw the system, I do, Rick, oh and for those interested the back today is a lot lot better, Rick:thumb2:thumb2
glad to hear your back is better .... off for a jog now rick ?
solarman216
04-01-2011, 00:04
glad to hear your back is better .... off for a jog now rick ?
not quite but not far away I am pleased to say, how much easier it is to think without pain, Rick
harlowmaverick
04-01-2011, 00:06
hope that back is fully better soon Rick :thumbs
not quite but not far away I am pleased to say, how much easier it is to think without pain, Rick
i wish i could think .... ive got a lipid test tomorrow morning and wasnt supposed to have anything to eat or drink ( except water ) after 10pm .... ive just had a cuppa coffee and half a dozen ginger nuts .... do you think they will notice ? :rolleyes:
solarman216
04-01-2011, 00:18
hope that back is fully better soon Rick :thumbs
Since our chat this morning it has been a day of ups and downs, but at the end of the day more ups than down, feeling really good now, so see what tomorrow brings, Rick
solarman216
04-01-2011, 00:19
i wish i could think .... ive got a lipid test tomorrow morning and wasnt supposed to have anything to eat or drink ( except water ) after 10pm .... ive just had a cuppa coffee and half a dozen ginger nuts .... do you think they will notice ? :rolleyes:
no cors they wont, Rick
MudLifeCrisis
04-01-2011, 00:32
half a dozen ginger nuts .... do you think they will notice ? :rolleyes:
They'll definately notice them.
Best keep your trousers on ;O)
lacroupade
04-01-2011, 11:09
I took a few tastey deposits before crimbo :rolleyes:
That's Jan and some of Feb sorted :naughty
Invoice book still open at er an earlier date too :sly
Any one else need a pre vat increase kitchen ? :cool:
Think it will have to be cos its only your deposits that will attract the old rate, remaining payment has to be at the new rate :D
And you can bet your bottom dollar that if they drop an inspection on you they will be looking at dates of payment, not just invoice dates.
But just to help:naughty, I'll link this thread to HMRC for you, to save you the trouble :lol:lol:lol:lol:lol
But it highlights the problem for VAT registered traders, that the VAT increase usually hits them rather than anyone else (cos they either charge it and become uncompetitive, or, like the bishops girlfriend, just swallow it...) . Since starting this shop mullarkey and knowing the cost of landed goods from, say, China, I am absolutely stunned at the margins some companies, mostly the middlemen, are making....out of the factory, things cost peanuts....by the time they get to the retailer they are coconuts!
Planning to cut the out as soon as cash flow permits! Greedy ba5tard5!
Peasgood
04-01-2011, 11:15
and what services /etc can we expect from the government for our extra expenditure ? ..... more hospitals perhaps .... better roads ? ..... more police ? ......:augie
It is to try and help pay for what we have had, not what we will have.
lacroupade
04-01-2011, 11:36
It is to try and help pay for what we have had, not what we will have.
Spot on! :thumb2
Karinofnine
04-01-2011, 12:02
But I'm not paying for what I'VE had, I'm paying for what politicians, bankers and the welfare state have had!
+1 for Briggie's plan, and, to add a few more:
If you're in prison you work on a chaingang (with armed guards like in America), you pick up litter/clean buildings and generally do useful physical work.
If you're an asylum seeker who has been granted asylum and you break the law, back home you go, you can serve your sentence in your own country, not at the cost of the UK taxpayer. Worried you're going to be tortured or killed? You should have thought of that before you took the pi55 and broke our laws.
Karinofnine
04-01-2011, 12:44
http://www.thedailymash.co.uk/news/business/boost-to-recovery-as-everything-becomes-much-more-expensive-201101043390/
Sorry, don't know how to add it as a link.
Oh! Yes, I do! lol
lacroupade
04-01-2011, 12:51
But I'm not paying for what I'VE had, I'm paying for what politicians, bankers and the welfare state have had!
+1 for Briggie's plan, and, to add a few more:
If you're in prison you work on a chaingang (with armed guards like in America), you pick up litter/clean buildings and generally do useful physical work.
If you're an asylum seeker who has been granted asylum and you break the law, back home you go, you can serve your sentence in your own country, not at the cost of the UK taxpayer. Worried you're going to be tortured or killed? You should have thought of that before you took the pi55 and broke our laws.
The money that has bailed the banks out will all come back...it did with NR.
What we HAVE been having is a bloated public sector (from civil service to local government) that has been seriously mismanaged by both political parties, allowing for out-of-control expenditure on outdated weapons and foreign (and UK!) service providers charging over-inflated prices, and commitment to contracts that end up costing the taxpayer billions for very little perceived value. And lets not start on their cosy final salary pensions that swallow up 20% of my council tax for example JUST for the woolly jumpers in the town hall:doh
As a country we need to recognise that we are a relative sprat globally, stop kissing the US's arse and generally wind our necks in and worry about whats going on at home for a change instead of spending BILLIONS of pounds on wars that do not otherwise have anything to do with us.:cool:
makeitfit
04-01-2011, 14:51
Think it will have to be cos its only your deposits that will attract the old rate, remaining payment has to be at the new rate :D
And you can bet your bottom dollar that if they drop an inspection on you they will be looking at dates of payment, not just invoice dates.
But just to help:naughty, I'll link this thread to HMRC for you, to save you the trouble :lol:lol:lol:lol:lol
But it highlights the problem for VAT registered traders, that the VAT increase usually hits them rather than anyone else (cos they either charge it and become uncompetitive, or, like the bishops girlfriend, just swallow it...) . Since starting this shop mullarkey and knowing the cost of landed goods from, say, China, I am absolutely stunned at the margins some companies, mostly the middlemen, are making....out of the factory, things cost peanuts....by the time they get to the retailer they are coconuts!
Planning to cut the out as soon as cash flow permits! Greedy ba5tard5!
Ah , but, look you by 'ere butt.....
Deposit taken on "account", so they become effectively account customers. The "sale" (contract) made on x date stands:D
Even the deposit isn't really date sensitive if the Invoice is the contract on account, if you see what I mean :naughty
Email just come in from Screwfix, they are holding the prices at the old VAT rate, until the end of January.
They probably haven't had chance to update their catalogue, they have a new one out today...
The cost of this VAT change is costing industry millions, lost money just to change the prices, literature, Catalogues etc think about Argos and the like.
I wonder where these costs will be passed onto as well...:nenau :nenau
Even Pound stretcher and the £1 shops are keeping their prices at £1
Otherwise they will have to call themselves £1.02 1/2p saver...
But we got rid of the 1/2 p a long time ago.....:lol
What a farce.... AGAIN....
Will Bad debts not paid by today incurr VAT at the old rate..... I assume it will.
Quite a nightmare for accountants, and they have the year end to adjust the figures.... April 5th Oh Joy....
At least they will have Easter to recover.
jims-terrano
04-01-2011, 18:20
Question for you all then!!!
You know some of us are in volunteer services such as RAYNET or 4x4 Response, well are we just subsidising the government out of our own pockets?
Jim
Question for you all then!!!
You know some of us are in volunteer services such as RAYNET or 4x4 Response, well are we just subsidising the government out of our own pockets?
Jim
no i get my fuel paid
Question for you all then!!!
You know some of us are in volunteer services such as RAYNET or 4x4 Response, well are we just subsidising the government out of our own pockets?
Jim
no , you are doing something that cannot be bought , respect and help for others :thumb2
Peasgood
04-01-2011, 18:44
Question for you all then!!!
You know some of us are in volunteer services such as RAYNET or 4x4 Response, well are we just subsidising the government out of our own pockets?
Jim
So what if you are. It's your country and your community, there's nothing that says the Government has to provide everything (believe it or not).
makeitfit
04-01-2011, 19:12
Question for you all then!!!
You know some of us are in volunteer services such as RAYNET or 4x4 Response, well are we just subsidising the government out of our own pockets?
Jim
YES
Although I do volunteer my time happily:D
However these services are now doing what the police, ambulance and fire brigade did themselves in the past. Trouble is various cost cutting etc has cast out many fringe benefits like the police owning their own 4 x 4 trucks:o or the ambulances having the odd 4x4 bit of kit etc
vBulletin® v3.8.11, Copyright ©2000-2024, vBulletin Solutions Inc.