VAT CUT - who is going out to spend spend spend??

newport100 · Post by **newport100** » Tue Nov 25, 08 12:09 am

Not many I reckon?- meanwhile I have a week to totally reconfigure our invoicing software and change 10,000 prices on our computer system , website and ebay (which means editing each listin - close to 2000 items)

not expecting much sympathy coz we all want cheaper stuff- but this a quite a mammoth task without too much notice!

plus I reckon peeps will hang onto any money they save rather than buy more

Anonymous · Post by **Anonymous** » Tue Nov 25, 08 12:29 am

10% would have been a bit more interesting. or eliminate it on essentials like food . It was supposed to be a tax on luxurys wasn't it? I have it in the back of my mind that digestives are not subject to VAT but chocolate ones are.

newport100 · Post by **newport100** » Tue Nov 25, 08 12:34 am

Exactly

PLUS- If the decision is right

No ones gonna buy anthing this week now - one of the major Xmas shopping weeks)

and all go mental next week !

Dart Vader · Post by **Dart Vader** » Tue Nov 25, 08 3:52 am

Under EU laws we can't go lower on VAT than 15%, Germany has MST and it's 15% I think. MST is Merverstaur or something. It doesn't stand for Must Start Trouble as we used to call it

I feel for all the retailers who have to change every price tag etc, that'll cost them more than the 2.5% it saves us.

At least its for 13 months or something.

What chokes me is its all way too little way too late.

Austrailia saw this coming 10 years ago and as a government of a country are "debt free".

Seems like we exported some smart accountants at the same time we got rid of our robbers and muggers !!!

If only I didn't have two kids (who I love dearly so don't take this the wrong way) I'd be off to OZ like a shot

I'm up at 3.50am cos I'm stressed about money, I'm on my 5th cup of mint tea !!

J

Kev · Post by **Kev** » Tue Nov 25, 08 5:49 am

Do you really think all retailers will actually cut 2.5% off everything?

Time to take a calculator shopping.....
Can't you bring the kids with you to OZ? George loves it, or is it more complicated.

latil · Post by **latil** » Tue Nov 25, 08 7:50 am

To get some money back Mr Darling is increasing the duty on Petrol,Fags and Beer.

Kev · Post by **Kev** » Tue Nov 25, 08 8:04 am

Petrol just gone under a buck a litre over here and is set to fall further(?)

latil · Post by **latil** » Tue Nov 25, 08 8:17 am

Morrisons are 89.9/l in places here.

bruvmopar · Post by **bruvmopar** » Tue Nov 25, 08 8:49 am

Same Price Down Here Steve, Cheapest I Have Seen Petrol 89.9/ Des £1.05.

Charger · Post by **Charger** » Tue Nov 25, 08 9:08 am

Kev wrote:Petrol just gone under a buck a litre over here and is set to fall further(?)

that's about 42p in our money

Charger · Post by **Charger** » Tue Nov 25, 08 9:10 am

latil wrote:To get some money back Mr Darling is increasing the duty on Petrol,Fags and Beer.

yeah i just read that, the git is raising fuel duty to offset the fall in vat, that's nice of him

Jeff · Post by **Jeff** » Tue Nov 25, 08 9:32 am

Where is that Bananarama! postman.

Anonymous · Post by **Anonymous** » Tue Nov 25, 08 12:19 pm

Kev wrote:Petrol just gone under a buck a litre over here and is set to fall further(?)

Should ease the pain of being an immigrant Kev

Charger · Post by **Charger** » Tue Nov 25, 08 1:54 pm

more about this bananarama here ...

http://www.petrolprices.com/blog/fuel-p ... e-106.html