Discussion
What a bloody moron.
The pain we're gonna have to go through getting customers to change their standing orders, changing all of our "memorised transactions" to reflect the new rate, then all the effort needed to chase customers because they haven't changed their standing orders and now the accounts don't balance...
And all for what? unless I'm missing something it's the most pointless measure I can think of. How is a 2.5% drop in VAT going to tempt someone when retailers are already offering much larger discounts and sales?
And NI going up - great idea, that'll really encourage us small businesses to retain / recruit staff, won't it?
FFS
I cannot believe how much hassle and time this ridiculous half-baked attempt will cost us. Does that useless b
d have no concept whatsoever of how much hassle this is going to cause??? Not just us, but our customers? And since we only deal business to business, it won't make a scrap of difference. We all just pass the VAT back along the chain.
ETA: Oh well, at least this cunning measure will encourage those who can least afford it to carry on buying TVs and holidays and all those other things they can't really afford, which is how we got into this bloody mess in the first place.
FFS!!!!!
OMG
it's even worse than I realised - we'll have to check every invoice all of our suppliers send us as well, in case they can't make the change on time.
How can businesses be expected to make a change like that in a week?? We're going to get loads of wrong invoices from our suppliers. Do we reject them?
We're going to have to hire extra bookkeeping staff just to handle this. Un-fricking-believable. Unbelievable. I didn't think I could loathe those incompetent, arrogant, corrupt bds any more than I already did. I was wrong.
ETA:
In case it's not clear, I'm very very angry. It's enough of a struggle to keep a small business running in this day and age in a recession without this sort of absolute fking nonsense.
The pain we're gonna have to go through getting customers to change their standing orders, changing all of our "memorised transactions" to reflect the new rate, then all the effort needed to chase customers because they haven't changed their standing orders and now the accounts don't balance...
And all for what? unless I'm missing something it's the most pointless measure I can think of. How is a 2.5% drop in VAT going to tempt someone when retailers are already offering much larger discounts and sales?
And NI going up - great idea, that'll really encourage us small businesses to retain / recruit staff, won't it?
FFS
I cannot believe how much hassle and time this ridiculous half-baked attempt will cost us. Does that useless b
d have no concept whatsoever of how much hassle this is going to cause??? Not just us, but our customers? And since we only deal business to business, it won't make a scrap of difference. We all just pass the VAT back along the chain.ETA: Oh well, at least this cunning measure will encourage those who can least afford it to carry on buying TVs and holidays and all those other things they can't really afford, which is how we got into this bloody mess in the first place.
FFS!!!!!
OMG
it's even worse than I realised - we'll have to check every invoice all of our suppliers send us as well, in case they can't make the change on time.
How can businesses be expected to make a change like that in a week?? We're going to get loads of wrong invoices from our suppliers. Do we reject them?
We're going to have to hire extra bookkeeping staff just to handle this. Un-fricking-believable. Unbelievable. I didn't think I could loathe those incompetent, arrogant, corrupt b
ds any more than I already did. I was wrong.ETA:
In case it's not clear, I'm very very angry. It's enough of a struggle to keep a small business running in this day and age in a recession without this sort of absolute f
king nonsense.Edited by zadumbreion on Monday 24th November 22:03
I know mate - its an absolute piss-boiler.
I am really fked off about the whole thing and cant understand what the fk is going on for them to think it is a good idea.
FFS if you want to drop the COST to the consumer (i.e. what he "claims" he wants to do), just drop the duty on fuel ... as that is the one thing that affects the cost of EVERYTHING!!!
And if he wanted to be seen as being pro-active to help this, surely this would work?? Just enforce the price at the pumps (much easier to regulate the petrol stations, rather than ALL the businesses in the country)
Oh well...
Cheers
The Moose
I am really f
ked off about the whole thing and cant understand what the fk is going on for them to think it is a good idea.FFS if you want to drop the COST to the consumer (i.e. what he "claims" he wants to do), just drop the duty on fuel ... as that is the one thing that affects the cost of EVERYTHING!!!
And if he wanted to be seen as being pro-active to help this, surely this would work?? Just enforce the price at the pumps (much easier to regulate the petrol stations, rather than ALL the businesses in the country)
Oh well...
Cheers
The Moose
He's actually increased the cost of fuel to bsuinesses which means goods may well go up in cost. Previously haulage firms and businesses could reclaim 17.5% of their gross fuel cost, now its only 15% and the duty increase means the gross cost remains the same....................
Is this so simple of what?
Is this so simple of what?
It really is a bloody joke this.
We won't be able to globally change our VAT rates on our system until mid-December, once all the November purchase invoices are in.
So until then, we'll have to manually change each December sales invoice as we raise it. There'll be hundreds of them.
Apart from all this extra admin which is unwelcome at this time of year especially (my accounts person is trying to get money owed to us in), it's about bloody time us businesses received some (financial) credit for collecting this stupid VAT in at all.
I'm putting my prices up Jan 1st by 5% to recover what this is costing us in both time and reduced cashflow.
We won't be able to globally change our VAT rates on our system until mid-December, once all the November purchase invoices are in.
So until then, we'll have to manually change each December sales invoice as we raise it. There'll be hundreds of them.
Apart from all this extra admin which is unwelcome at this time of year especially (my accounts person is trying to get money owed to us in), it's about bloody time us businesses received some (financial) credit for collecting this stupid VAT in at all.
I'm putting my prices up Jan 1st by 5% to recover what this is costing us in both time and reduced cashflow.
SGirl said:
So when exactly are we meant to switch over to the new VAT rate? What's the actual start date?
December 1st, yesterday i was thinking pass on the cut, now i'm thinking have it ourselves to pay for all the pissing around. What an absolute bunch of s this lot are, they can't get Government IT systems to work in YEARS but they expect us to change things in a WEEK.Monday 1st December 2008.
Madness - did they actually talk to anybody to ask them if making a 2.5% cut in vat will affect how they feel/buy anything?
so on a £20 item you will save 50p. Big deal. But they are increasing NI and reduce the personal allowances. The govt are killing themselves and us by a thousand cuts.
How do they think this will alter anyones spending? FFS if we dont have the money/too much going out we have to cut the expenditure not spend our way out.
Madness - did they actually talk to anybody to ask them if making a 2.5% cut in vat will affect how they feel/buy anything?
so on a £20 item you will save 50p. Big deal. But they are increasing NI and reduce the personal allowances. The govt are killing themselves and us by a thousand cuts.
How do they think this will alter anyones spending? FFS if we dont have the money/too much going out we have to cut the expenditure not spend our way out.
Edited by superlightr on Tuesday 25th November 10:19
I mean do they honestly think that people are going to go out and buy a big TV at Christmas now it will be 2.5% cheaper!?
All that will happen is that if they do, they will be putting it on a credit card where the interest is that *per month*.
Again, our economy funded by getting into more debt. When will they learn?
All that will happen is that if they do, they will be putting it on a credit card where the interest is that *per month*.
Again, our economy funded by getting into more debt. When will they learn?
zadumbreion said:
richardxjr said:
(my accounts person is trying to get money owed to us in)
EXACTLY. Our bookkeeper is already fully committed to chasing debts.I'm having enough trouble getting people to pay their arrears without them now having the extra excuse of "I'm sorry, I can't send you a cheque at the moment, I've had to employ extra staff to help me sort out the temporary VAT change for Monday"
This is just another example of Gordon not actually looking at the big picture before he implements another hairbrained idea. Stupid fecking a
hole! richardxjr said:
Don't forget folks, you'll be changing it all back again next Christmas in time for Jan 1st 2010. So that could well be actually Christmas Day for a lot of us.
How to piss off the majority of small business owners in a stroke.
Effing Genius
Quote me on this now - this 'temporary' cut is a nice way of saying it is permanent but just in case they need to backtrack like the 10p tax fiasco, they are saying it is temporary.How to piss off the majority of small business owners in a stroke.
Effing Genius
Think of the logic - the VAT rate is cut to have a positive boost to the economy as a whole - otherwise they wouldn't want to do it.
So logic would dictate if you raise VAT from 15 to 17.5% it will have the opposite effect!?
I somehow think that in thirteen months time the economy will not be 'fixed' enough for effectively undoing what they have just done.
It's a frigging joke, I'm spending this week trying to resolve completion statements and to work out exactly WHEN payments are due from and so what date the VAT is due....you'd think it was straightforward but it's so bleeding not.
Plus I was dealing with a Rent Deposit yesterday, it's expressed to be 3 months rent plus VAT, so if I add 17.5% VAT it's wrong as of Monday but as it relates to a 5 year lease if I add 15% it'll wrong for the remaining 4 years of the term assuming the bd isn't lying about increasing it again.
I'd almost rather pay more bleeding tax. Maybe that's the point to make us not want a VAT increas back again.
Plus I was dealing with a Rent Deposit yesterday, it's expressed to be 3 months rent plus VAT, so if I add 17.5% VAT it's wrong as of Monday but as it relates to a 5 year lease if I add 15% it'll wrong for the remaining 4 years of the term assuming the b
d isn't lying about increasing it again. I'd almost rather pay more bleeding tax. Maybe that's the point to make us not want a VAT increas back again.
plasticpig said:
Not a major issue for me. My companies financial system is flexible enough to handle diffrent VAT rates for diffrent dates. A purchase invoice dated 30/11 will be calculated at 17.5% and one dated 01/12 will be calcualted at 15%.
I'm sure it's straighforward in some cases but in many cases it's an absolute pain in the arse. Gassing Station | Business | Top of Page | What's New | My Stuff