Vat - any guesses as to what it will revert back to?

[KevF]

Had a few discusions over the Easter break with a few business owners as to where they think the VAT figure will be this time next year.....

As it should revert back to 17.5% at the end of December, what do you think the chances of the Chancellor whacking it up to 20% or could he just bump it in at 18.5%.
Would get a lot more money into the coffers I guess...

[anonymous-user]

19% IMO

[JustinP1]

I think it will stay the same at 15%.

If the government were sure it would have a tangible positive effect on last year, then of course they must believe it will have an equal and opposite negative effect in the other direction...

But IMHO it made bugger all difference to anyone apart from the hassle of it to everyone.

[SGirl]

I reckon it'll go to 20%. Nice round figure, lots of money in the thieving scot's coffers - it's all good.

[mel]

My guess is this budget it stays at 15%, if the early signs of recovery continue then by end of year we'll be back to 17.5% then if things continue to improve I'd give it 6-9 months more before upto 20% and then we may see the odd % point slipped in at budget times, but I'd say 20% is pretty much we're it'll stay it just might not have got there by this time next year.

[Plotloss]

It will stick at 15% and there will be an autumn budget where they'll hike it to 20% and move everyone onto monthlies or similar.

[LivinLaVidaLotus]

15% to the end of the year - can't see them going back on that, but I doubt very much it'll go back to 17.5% more likely 18.5% IMHO.