http://www.guardian.co.uk/business/2009 ... ail-vat-20
Because 20's a nice round number
, though I wouldn't put it past Flash and Eyebrows 
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| High street fears VAT could rise to 20% http://www.x404.co.uk/forum/viewtopic.php?f=19&t=4232 |
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| Author: | pcernie [ Sun Nov 15, 2009 10:43 pm ] |
| Post subject: | High street fears VAT could rise to 20% |
http://www.guardian.co.uk/business/2009 ... ail-vat-20 Because 20's a nice round number , though I wouldn't put it past Flash and Eyebrows
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| Author: | big_D [ Mon Nov 16, 2009 5:37 am ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
Welcome to the real world, we've had 19% here since about 2002-2003. |
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| Author: | HeatherKay [ Mon Nov 16, 2009 9:14 am ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
If it's any consolation, HMRC have been telling me on their VAT returns it's going back to 17.5%. So the retailers are stupid. Of course, that doesn't mean it might not rise in the next budget... |
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| Author: | veato [ Mon Nov 16, 2009 10:54 am ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
I hope its not true. If the 15% VAT rate was supposed to get us all out and shopping then wouldn't a 20% VAT rate do the reverse? |
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| Author: | hifidelity2 [ Mon Nov 16, 2009 11:03 am ] | |||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | |||||||||
Yes BUT it would raise a lot on money and at the moment they are very short of it If its not VAT then it will be income tax |
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| Author: | Nick [ Mon Nov 16, 2009 11:14 am ] | |||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | |||||||||
Praise be to the almighty Germany. If only one day we could become just like you.
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| Author: | HeatherKay [ Mon Nov 16, 2009 11:19 am ] | |||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | |||||||||
It says, in black and white, on my last VAT return:
The rate will not be going higher in January; it's simply returning to the rate it was at before the stimulus cut. Of course there's nothing to stop a future government bringing the UK VAT rates in line with the rest of Europe. As I understand it, we managed to get a special dispensation from Brussels so we could keep it below 19%. But, for now, it's only going back to 17.5%. |
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| Author: | E. F. Benson [ Mon Nov 16, 2009 11:50 am ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
Being a stinge knows no bounds. My paltry Love film subs were £3.99. With the help of the generous gov and the nice vat controller this went down to £3.91. All I want to say is big deal and it really helped a lot. But what I will say is do something that not only helps, but stimulates too. The 8p difference made no difference. I cancelled the sub and as many others as I could to make ends meet. Get with the programme darlings and do something constructive. Blair/Brown have been a non event since 98 and they got in cos the others were worse don't forget (gave it away really)./rant |
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| Author: | adidan [ Mon Nov 16, 2009 11:53 am ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
This could, or could not happen. It may just be a way for the retailers to try and, well, "encourage" us to go out and spend now before the "possible" 20% VAT comes in. Mind you, Jan 1st it's back up to 17.5% so it may be wise to buy now although, saying that, it is funny that many prices still end with the .99 like they did before the VAT drop. |
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| Author: | timark_uk [ Mon Nov 16, 2009 12:08 pm ] |
| Post subject: | Re: High street fears VAT could rise to 20% |
*sigh* Great, couple the return to 17.5% with another pay freeze next year and a possible hike from 17.5% to 20% and I'll be getting a real reduction in income. Compound that with the pay freeze I got earlier this year and I might have to stop eating. Mark |
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| Author: | phobos [ Mon Nov 16, 2009 12:10 pm ] | ||||||||||||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | ||||||||||||||||||
If I had to live anywhere in Europe, I think Germany would be the last place it would be. Spent many months there in the Armed Forces, and they have to be the most arrogant people in the World. Even some of the American and French troops were shocked ! New Zealand, Switzerland, Ireland are some of the places I would want to move to though. |
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| Author: | Nick [ Mon Nov 16, 2009 12:14 pm ] | |||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | |||||||||
New Zealand isn't recommended! 
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| Author: | phobos [ Mon Nov 16, 2009 12:19 pm ] | ||||||||||||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | ||||||||||||||||||
Been there twice, prefer it to Aus, but how many Pickup trucks ???? |
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| Author: | finlay666 [ Mon Nov 16, 2009 12:42 pm ] | |||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | |||||||||
They're not pickups They're Utes 
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| Author: | Linux_User [ Mon Nov 16, 2009 1:33 pm ] | ||||||||||||||||||
| Post subject: | Re: High street fears VAT could rise to 20% | ||||||||||||||||||
Unless of course we get an "emergency" budget. I would prefer a rise in income tax TBH, it's more 'fair' that way. |
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