UK 2.5% Vat Cut

[PeteMcArthur]

Hope all you UK sellers (well the VAT registered ones anyway) are changing your web sites to reflect the VAT cut

[tribalmasters]

Me and me pal were just talking about this! So you can get a 2 pounds or something off the purchase of a brand new mac!! Or after buying beer for a year you can put the money saved towards half a pint of beer to celebrate yayy! Now if only they would take away VAT at christmas, make tellys and cars and other expensive items like £2.50 and a loaf of bread £100 so the cheap stuff is expensive and the expensive stuff cheap! Just for December, of course

[PeteMcArthur]

Me and me pal were just talking about this! So you can get a 2 pounds or something off the purchase of a brand new mac!! Or after buying beer for a year you can put the money saved towards half a pint of beer to celebrate yayy! Now if only they would take away VAT at christmas, make tellys and cars and other expensive items like £2.50 and a loaf of bread £100 so the cheap stuff is expensive and the expensive stuff cheap! Just for December, of course

Unless my sums are letting me down you'd get £25 of a £1000 Mac, or 25p of a 15ml juice. Every little helps...

You scr*wed with the beer, they are putting duty up on booze, fags and pertrol to cancel out the VAT cut

[SANJP]

You just watch how the websites and sellers of over the UK do a sneaky one and put all there prices up by 2.5% then take 2.5% off to make it look like you got a discount !

the same thing happened when all the EURO Countries changed over from there currency to Euros they all added a little extra to the price of everything !!

Look at the interst rate cut what a load of Balls ,all that media hype for nothing !

only the banks have got richer and only a handfull have passed it on !

Sly but unfortuanately the Way Of The World !

[PeteMcArthur]

You just watch how the websites and sellers of over the UK do a sneaky one and put all there prices up by 2.5% then take 2.5% off to make it look like you got a discount !

the same thing happened when all the EURO Countries changed over from there currency to Euros they all added a little extra to the price of everything !!

Look at the interst rate cut what a load of Balls ,all that media hype for nothing !

only the banks have got richer and only a handfull have passed it on !

Sly but unfortuanately the Way Of The World !

Such a cynic

I think some retailers might try (and I am not talking about our e-cig people!) but I think in the present climate they might just get flayed alive if caught. We shall see..

Sadly I'm old enough to remember decimalisation, there were many mega ripoffs then

[CaSHMeRe]

Pete or San ...

Do you guys mind explaining to me what VAT tax is and what its applied to? Here in the states we have Sales/Use Tax, Tobacco and Alcohol Tax, etc....

Would just like to educated myself really

[Denni]

Poor hubby has already started reprogramming the database--all unpaid overtime, of course

Hope the other online procurement sites are as diligent but most stores in general will probably 'overlook' the slight price drop. Personally I go for special offers/discounts anyway.

[ApOsTle51]

Value Added Tax . was 17.5% added to everything ( almost ) that you purchase.

i'm guessing it's been reduced to 15% now then.

First time i've heard of that going Down. They are trying to get us spending again. It'll take more than that

[PeteMcArthur]

Pete or San ...

Do you guys mind explaining to me what VAT tax is and what its applied to? Here in the states we have Sales/Use Tax, Tobacco and Alcohol Tax, etc....

Would just like to educated myself really

In effect to the consumer it's a sales tax, but from the retailers/manufacturers side it's much more complex.

VAT is charged at every transaction so if a manufacturer buys raw materials his is charged VAT. When he makes his product he sells it to the wholesaler and the manufacturer charges the wholesaler VAT. The manufacturer claims back the original VAT the paid on the raw materials. You may guess the next bit, the wholesaler sells to the retailer, charging him VAT and gets back the VAT he paid to the manufacturer. The retailer sells to the customer, the retailer gets his VAT back, but Joe Public doesn't

Simple isn't it??

[PeteMcArthur]

Sorry Cash forgot to say, in the UK it is charged on most things apart from food, books, magazines, newspapers, children's clothes and medical stuff. In Europe it is charged on a wider variety of goods I think