Shops not passing on VAT cut
- Thread starter ArchAnGeL
- Start date
They haven't done this because they don't want people saving money. They want people to see cheaper goods in the shops and spend us out of the recession.
How anyone can complain at getting money off their purchases, I don't know. It's not lots, but taking this hypothetical 73p, ooh there's my parking paid for.
[TW]Fox;13001216 said:
Spot on. Thing is, it's businesses (especially small ones AKA easy targets for taxation) who need the most help currently, so by keeping their prices the same they may weather the storm better and not need to make people redundant.
All the people bleating on about how the credit crunch is affecting them personally are just used to easy credit and upset now they cannot binge on shallow consumerism.
stick it in a bucket/big bottle, when its full take it to the bank and you have lots of beer money or money for something else to treat yourself with.
but maybe your one of those people with a good paying job not everyone is so fortunate , some of us need all the money we can get and i'd rather that 73p went to my kids than some greedy shareholders.
do you honestly believe some of these places that dont pass on the 2.5% wont take advantage once VAT returns to normal? im sure they wont add that 2.5%+ on when the time comes.
maybe your gullible enough to believe they wont.
i have no sympathy for people like that, i hope they go bankrupt
Last edited:
Caporegime
No, you should shop elsewhere.
As a small business dealing mainly with the public, all of the prices quoted on our website are quoted inclusive of VAT. We won't be passing on the increase because we have thousands of customers still using our Paypal subscription system (you can't edit subscriptions) and we also have a lot of promotional literature and the website is designed with the 17.5% VAT price points in mind.
When we started charging VAT a few years ago, we didn't even add VAT on top of our prices but instead absorbed the hit on our income. If VAT goes up to 18.5% we'll more than likely do the same.
When we started charging VAT a few years ago, we didn't even add VAT on top of our prices but instead absorbed the hit on our income. If VAT goes up to 18.5% we'll more than likely do the same.
Man of Honour
Companies are taking advantage, its still a new thing and might even take a week or so for it to take hold of most retailers.
He lives with his parents - say no more.
Soldato
Fox I disagree with your statement, waiting a little extra time for some extra money is hardly a life threatener.
Having 73 times the original change is good. Just for theory if you bought that same thing 10 times you'd get £7.30 all together without the drop you'd get 10p. I do believe it has a huge impact.
Having 73 times the original change is good. Just for theory if you bought that same thing 10 times you'd get £7.30 all together without the drop you'd get 10p. I do believe it has a huge impact.
The UK is only 'allowed' under EU law to lower VAT for a limited period of time - although I don't know how long that period is - 18 months perhaps? It is going to be for 13 months I believe, and ending it at Dec 31st 2009 is probably more straightforward for everyone.
Never a dull moment from you is there? Maybe we could move onto his grammar.
Soldato
Who actually pays for a signicant portion of their outgoings with cash anyway?
I'm a big miffed why people are overlooking the fact the VAT cut kills about 2.1% off the price not a raw 2.5% reduction.
115/117.5 = 2.13% difference.
I'm a big miffed why people are overlooking the fact the VAT cut kills about 2.1% off the price not a raw 2.5% reduction.
115/117.5 = 2.13% difference.
Would it not be easier to finish the period of reduced VAT at the end of the financial year?
Suspended
- Joined
- 18 Dec 2007
- Posts
- 833
This comment for the win +1
I just think he should stay out of things he knows nothing about, like the value of money and living in the real world.