So...When is VAT dropping back down to 17.5%?

Temi_D · 18 Dec 2011 at 00:15

VAT was raised to 20% in January, I've googled as much as I can and cannot find out when it's being lowered back to 17.5%. Surely it should be Jan 2012? Am I making any sense? Just a thought

Paul11 · 18 Dec 2011 at 00:16

why you assuming it should just be 20% for one year?

Temi_D · 18 Dec 2011 at 00:17

Because when it was dropped from 17.5 to 15%, it only lasted 1 year

Skeeter · 18 Dec 2011 at 00:18

*sigh*

[TW]Fox · 18 Dec 2011 at 00:19

Temi_D said:
Because when it was dropped from 17.5 to 15%, it only lasted 1 year

Thats because it was announced as a temporary measure to stimulate the economy during a period of recession.

The increase in VAT to 20% is not a temporary measure - 20% is now the permanent rate of VAT. It isn't going back down.

madtoady · 18 Dec 2011 at 00:21

It's gonna be here for a while imo.

Biohazard · 18 Dec 2011 at 00:22

The regressive tax is to stay unfortunately. It was not a temporary increase.

Scougar · 18 Dec 2011 at 00:23

And MANY YEARS ago it was raised to 17.5% as a "temporary measure". Once government has it's claws in a tax, it doesn't let it go easily.

Skeeter · 18 Dec 2011 at 00:24

Scougar said:
And MANY YEARS ago it was raised to 17.5% as a "temporary measure". Once government has it's claws in a tax, it doesn't let it go easily.

The rise to 20% was never labelled as a temporary measure.

wnb · 18 Dec 2011 at 00:33

Tax and more tax one thing is certain our goverment are working out new ways of taxing us more.

Skeeter · 18 Dec 2011 at 00:40

http://www.tmf-vat.com/vat/eu-vat-rates.html

Vonhelmet · 18 Dec 2011 at 01:13

wnb said:
Tax and more tax one thing is certain our goverment are working out new ways of taxing us more.

Not really characteristic of a Tory government, so I doubt they'll be piling much more on.

Vonhelmet · 18 Dec 2011 at 01:14

Scougar said:
And MANY YEARS ago it was raised to 17.5% as a "temporary measure". Once government has it's claws in a tax, it doesn't let it go easily.

Income tax was introduced to fund the Napoleonic wars, and we've been stuck with it ever since.

Hatter The Mad · 18 Dec 2011 at 01:19

As long as our VAT rate is roughly in line with the rest of Europe, I'm OK with that.

KNiVES · 18 Dec 2011 at 01:20

Vonhelmet said:
Not really characteristic of a Tory government, so I doubt they'll be piling much more on.

I have a special present for you;

We all have the internet here, you might want to not post falsehoods in case some of us checks what you're saying

Vonhelmet · 18 Dec 2011 at 01:22

KNiVES said:
I have a special present for you;

We all have the internet here, you might want to not post falsehoods in case some of us checks what you're saying

I'm not talking about just VAT. Besides, Brown's cut was only intended as a temporary measure, so that seems a bit disingenuous.

Nevakonaza · 18 Dec 2011 at 01:24

wnb said:
Tax and more tax one thing is certain our goverment are working out new ways of taxing us more.

I think hes right,They will just keep on putting things up...Remember the riots not so long back we had across the country?

That was a just a taste of things to come i reckon.

Vonhelmet · 18 Dec 2011 at 01:25

Nevakonaza said:
I think hes right,They will just keep on putting things up...Remember the riots not so long back we had across the country?

That was a just a taste of things to come i reckon.

Not again... The riots were not about revolution, they were about being a *******.

cheets64 · 18 Dec 2011 at 01:31

Wait till the economy tanks in the new year, retail sector is on its knee, it will be 15% by April

Philtor · 18 Dec 2011 at 03:24

Im quite happy to pay stupid high Tax which the government can use to go to war with Countries I don't want anything to do with. We are being taken for a ride my friends..