Individuals don't pay VAT. The people adding the value do.
They do, indirectly.
Individuals don't pay VAT. The people adding the value do.
No it's not, it's £20 on top of every £100 you spend.They are raising it to 20% right? That's £20 out of £100 (which you have already been taxed on when you earned it).
Key word there being European, some states have no sales tax.
http://en.wikipedia.org/wiki/Sales_taxes_in_the_United_States#By_jurisdiction
http://en.wikipedia.org/wiki/Sales_taxes_in_Canada
We're being raped in comparison to that.
You'd rather pay Canadian prices for stuff? lol, spec me a mobile phone with contract and then come back with the real meaning of the word rape.
As if the VAT rate in the UK was not already high enough. Ever since that **** David Cameron became PM the whole Country has begun a downhill ride to hell.
Not going to affect me in the slightest. An extra £2.50 on £100 really isn't going to dent the bank account.
Remember this: buy cheap, buy twice. If you want to pay less tax, buy something expensive![]()
why worry about a 2.5% increase. It's annoying but will not influence my decisions.
My view on it is that Cameron is trying to dig us out of the mess that Labour left us in (really, I'm no Cameron fan at all). I'm probably older than most on this forum and the last time Labour managed to get into power they messed things up abysmally too. My father used to hate Labour and I always tried to take the middle line and think for myself by questioning why he may be so staunchley against them. I didn't understand it at the time and wondered why he had that opinion...
Nowadays I realise why he did and, for me, the evidence in my own lifetime is stong enough for me to agree with him now.
Labour simply can't manage an economy and leave others to pick up the mess. It;s all smoke and mirrors that makes people think they are better for them.
He is going the wrong way about it "his way" to line his own pocket. When have the Labour party ever been successful when it comes to this Country's economy anyway? either way it all boils down to one thing and that is the rich will get richer and the poor will get poorer
either way it all boils down to one thing and that is the rich will get richer and the poor will get poorer
With the 40% bracket dropping a few thousand and 20% VAT, how exactly are the 'rich' getting richer. Please bear in mind at that earning 50k a year is not rich!
The poor won't work overtime because 'I won't get my tax credits'. The poor have free school for their children, massive university help, and access to all the things that rich people do like the NHS.
People with 'window licker' jobs have no idea how good their lives are in the UK compared to other countries. The reason we owe so much money is Labour gave these window lickers so many free-bees that we cannot afford.
I'd be bloody embarassed if my dad was on some crap sub 20k wage at age 50. Some people have no intention of working their way up the ladder and earning more money, they are happy at the bottom with tax credits and complaining constantly in doing so, whine whine oh the poor are hit hard whine.
I bloody hate Labour, they seem to think that the cabbages deserve the high life, with those who have decent jobs paying for it.
You'd rather pay Canadian prices for stuff? lol, spec me a mobile phone with contract and then come back with the real meaning of the word rape.
He is going the wrong way about it "his way" to line his own pocket. When have the Labour party ever been successful when it comes to this Country's economy anyway? either way it all boils down to one thing and that is the rich will get richer and the poor will get poorer
Give me conservative any day. At least I reap my own reward or reap my own failure. But it's in my own hands.
With the 40% bracket dropping a few thousand and 20% VAT, how exactly are the 'rich' getting richer. Please bear in mind at that earning 50k a year is not rich!
We've never had it so good!