Why is VAT accepted?
- Thread starter FrostedNipple
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No it doesn't, if that were true the average rate of road tax would be £1250 per year...
<pedantic> VAT is not payable on every item you buy. Some things are charged at 15%, some things are charged at 5% such as electricity, gas, kids' car seats, sanitary products. Some items are charged at 0%, and some things are VAT exempt.
Examples of zero-rate VAT include books, magazines, food (but not sweets, takeaways, kids' sweets, alcohol), water, kids' clothing, houses (!), public transport, air fares... the list goes on and on and on.
Examples of VAT exempt stuff includes banking, gambling, property, postal services (but only if run by Royal Mail and not if managed by someone else!), medical services, education (but not training courses).
Just thought I'd share that with you.
</pedantic>
Examples of zero-rate VAT include books, magazines, food (but not sweets, takeaways, kids' sweets, alcohol), water, kids' clothing, houses (!), public transport, air fares... the list goes on and on and on.
Examples of VAT exempt stuff includes banking, gambling, property, postal services (but only if run by Royal Mail and not if managed by someone else!), medical services, education (but not training courses).
Just thought I'd share that with you.
</pedantic>
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Because they made a law that says they do. If you don't like it, vote for someone who is prepared to do something else (good luck finding them), or stand for election yourself.
By the way, you can expand that argument to any tax. Why does the government get income tax from your salary? Did they do 22% (or 40%) of your work? I don't think so.
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I'd love that to happen but how do you tax people who normally wouldn't pay as much as others?
How would government introduce all the daft little taxes that drive us up the wall either
1 fixed tax payment monthly based on your wage, it would make sense, why should a rich man pay the same vat on an item as a poorer person.
1) It will have a negative impact on aggregate demand.
2) It would be extremely unpopular.
3) It goes against the core beliefs and ideology of the Labour party and the Lib Dems.
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i'm not working enough hours to be in any taxband yet
but don't worry, when i am, i will soon start moaning.Also THANKS OCUK, just had an e-mail saying my speakers have been shipped
Man of Honour
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Because poor people buy less? This thread really is very silly.
That's a fallacy too. It's not proportional for sure, but how many rich people would you find buying an £8 speaker when they can easily afford an £80 or £800 speaker.
Sorry, I meant via Road Tax AND Fuel Duty
AA had the figures somewhere on their website that I looked up for a previous thread at some point.
How else is New Labour meant to pay of the mountains of debt it has built up over the past 10 years?
As an additional point, taxing consumption is a tried and trusted method for bringing in revenue, used around the world - either to limit that consumption or purely as a revenue-generator. In some places counties (states) and even cities levy their own VAT-like tax.
Soldato
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what speakers did you go for?
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is there vat on ebay?
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the cheapest ones, i left my normal ones in my uni room thinking i would be able to go a month with just my laptop speakers, then i realised all my games are on my pc doh
https://www.overclockers.co.uk/showproduct.php?prodid=SP-047-LG
I like tax on tax (VAT on fuel duty)
By GDP the countries are as follows:
1) USA
2) Japan
5) GB
USA has ~5% sales tax (0% in some states, 0% interstate but on average it is 5% I'd say)
Japan has 5% sales tax
SO why are the largest 2 economies the planet able to make do with 5% then - while we are suckers with 15-17.5%?
For a start the populations are larger. Per Capita we are almost equal.
Also in America there is no NHS equivilant (ok, so the NHS isn't exactly brilliant in this country but at least for most things it is free. Do you fancy having to fork out for Healthcare as a necessity?
They have FAR more people
so we need higher taxes to generate the same level of money?*yes I have no idea and just stating the obvious
Edit - D'oh beaten to it to state the obvious
