Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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there is nothing on hmrc about it 
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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wont be till budget Tom
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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That's what I thought. I might charge it and see who notices 
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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People wouldn't have noticed the rise back to 17.5 as much because most retailers have taken the hit for it instead of repricing again when it looks set to rise again.
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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havent heard anything about this so cant see it happening that soon tbh otherwise we'd of had a shed load of letters about it at work.
tbh the change down to 15% and back never made any difference to me personally.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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You won't get any letters until it's announced officially.
I'd say it's pretty likely. They can either choose to raise VAT or raise income tax. I know which I'd prefer!
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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They don't put my wages up 2.5% though 
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oceansoul
Member
Registered: 19th Jun 06
Location: Sunbury, Surrey
User status: Offline
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quote:
Originally posted by Andrew
They don't put my wages up 2.5% though
They didnt reduce them 2.5% when it went down either 
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MarkSport
Member
Registered: 22nd May 09
User status: Offline
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i'm loving this as I'm self employed.yeah it may sting a fair amount but roll on april 
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by Matt L
havent heard anything about this so cant see it happening that soon tbh otherwise we'd of had a shed load of letters about it at work.
tbh the change down to 15% and back never made any difference to me personally.
Only proble i had with it is work was a nightare for a bit
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richardworrall
Premium Member
Registered: 20th Sep 05
Location: Derby
User status: Offline
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pain in the arse a VAT change, having to change the price of around 400 cars gets a bit tedious!!!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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quote:
Originally posted by Neo
I noticed solely because I do a lot of buying for the company i work for, placing a few orders today to save a bit of cash !!
Does your company not claim their VAT back?
When they originally put it down to 15% to help kick start the economy - my boss said "wtf does it matter to me? I pay VAT then claim it back. I'm just a tax collector for the government".
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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Iirc would depend on the balance of the quarterly VAT return, they may owe HMRC or be due a refund from them depending on sales and purchases for the period.
Edit: Based on the co. being VAT reg'd.
[Edited on 14-06-2010 by fro-dizzle]
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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tbh, I don't really understand the ins-n-outs of company tax, VAT, NI etc. I'll shut up
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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quote:
Originally posted by Dr Pepper
Would you consider washing machine, vacuums, irons, fridges, ovens luxury items? makes a big difference in my industry - white goods - in terms of our profts and the customers wallet.
From my point of view - I need a new laptop soon - I have a couple of student debts which are nearly paid off, i have a job, earn a reasonable wage but nothing stupid - generally im ok with money - pay my taxes ect and always have done....... and yet im gonna have to pay a considerable amount more for my laptop soon due to the irresponsible action of the millionaires who run our country and our banking system ..... I personally think that is a big deal and can see why it makes people livid - VAT raises dont make much of a diffrence to most ofus - but they make a massive difference to those workers at the bottom of the earnings pile
[Edited on 14-06-2010 by Dr Pepper]
Petrol.. This is all I require. 
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by deano87
quote:
Originally posted by Neo
I noticed solely because I do a lot of buying for the company i work for, placing a few orders today to save a bit of cash !!
Does your company not claim their VAT back?
When they originally put it down to 15% to help kick start the economy - my boss said "wtf does it matter to me? I pay VAT then claim it back. I'm just a tax collector for the government".
Your boss is correct (ish)
Or is it 'I pay VAT, charge VAT on my services then claim VAT back(via every single VAT receipt I can gather whether it's business related or not - subject to a good accountant)'......subtley different.
We will see VAT at circa 23.5-25% within a year IMO.
1% VAT rise (given the GDP at the mo) apparently equals £5BN revenue...and the defecit is presently about £170BN?
Lots of tax rises and cuts ahead im afraid methinks
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by VXR
Petrol.. This is all I require.
Go to the back of the class and consider all of the other VAT applicable running costs for your cars/toys.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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Massive cuts are a cert, I'm not so sure about tax increases. It would render the initial tax decrease fairly meaningless given we're still not fully out the hole we were in.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Cameron said yesterday he didn't plan to increase VAT while I was sort of listening to the TV working...
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by Jules S
We will see VAT at circa 23.5-25% within a year IMO.
It will rise, but I highly doubt it will rise anywhere near that amount within a year. I wouldnt mind betting we'll see 20% by Christmas though.
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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quote:
Originally posted by Jules S
Go to the back of the class and consider all of the other VAT applicable running costs for your cars/toys.
Why? Nothing I can do, its a luxury item for 1 bike, and needed for the other for work. I can't complain about one and not the other, so im not going to complain.
Prices will always go up, nothing anyone can do about it. I certainly wouldn't be moaning about another 10p on a pint or something. If I was hard up, I wouldn't go to the pub and would buy from an offy.
So I get charged another £20-£30 per year, so what, as long as my wages are raised to match, meh.
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Neo
Member
Registered: 20th Feb 07
Location: Essex
User status: Offline
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quote:
Originally posted by deano87
quote:
Originally posted by Neo
I noticed solely because I do a lot of buying for the company i work for, placing a few orders today to save a bit of cash !!
Does your company not claim their VAT back?
A lot of organisations that we work for are charities and therefore pay tax.
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