Discussion
Bing o said:
Now, is it just me, or have all the prices gone back to where they were when it was 17.5%.
I bought something from a vendor not so long ago (£79.99) and they took off a couple of quid due to the lower VAT.
I bought a very similar product and now it's gone back up to £79.99.
It must be the rate of inflation at 2.5%!I bought something from a vendor not so long ago (£79.99) and they took off a couple of quid due to the lower VAT.
I bought a very similar product and now it's gone back up to £79.99.
Edited by Fuzzy Wuzzy on Thursday 5th March 15:52
Please tell me that you weren't naive enough to believe that it was going to save you any money? The whole VAT drop idea was a complete waste of time, the logic being that if you were willing to pay the price before then you'll be willing to pay the price now, it's just that the supplier makes 2.5% more profit. Or not as the case may be.....
Old Price Gross = 117.50 where VAT component (@17.5%) is 17.50. Net=100
New Price Gross = 117.50 where VAT component (@15%) is 15.33 (ish) Net=102.17
Increase 2.17% actually.
Old Price Gross = 117.50 where VAT component (@17.5%) is 17.50. Net=100
New Price Gross = 117.50 where VAT component (@15%) is 15.33 (ish) Net=102.17
Increase 2.17% actually.
Edited by TeamD on Thursday 5th March 16:00
king up since 1997.i was under the impression that the VAT cut was to help small businesses, not the consumer?
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
shirt said:
i was under the impression that the VAT cut was to help small businesses, not the consumer?
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
Sorry but the logic doesn't work, because if my supplier does the same then my purchase costs have risen by 2.17% aswell. So effectively it only gives you a really tiny bit of a bigger slice of whatever your profit margin is. most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
It's a con, always was, always will be.
TeamD said:
shirt said:
i was under the impression that the VAT cut was to help small businesses, not the consumer?
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
Sorry but the logic doesn't work, because if my supplier does the same then my purchase costs have risen by 2.17% aswell. So effectively it only gives you a really tiny bit of a bigger slice of whatever your profit margin is. most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
It's a con, always was, always will be.
Has anyone's business been saved by this move?
shirt said:
i was under the impression that the VAT cut was to help small businesses, not the consumer?
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
Get off Pistonheads with that attitude. You can only come back when you promise to make a disparaging, yet unsubstantiated, remark about Gordon Brown.most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
shirt said:
i was under the impression that the VAT cut was to help small businesses, not the consumer?
most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
Technically speaking, you are correct.most places i spend money have passed on the cut, but there are some exceptions - all small businesses / small traders. my dad had to wind up his company prior to the rate cut so i can understand why some might need that extra 2%.
However, the admin hassle and bother caused by the change caused more problems than leaving the rate alone.
And it's supposed to be changing again in a few months.
So no, it was a stupid idea.
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff