2.5% off everything! - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

2.5% off everything!

£0.00 @
Vat's been cut from 17.5% to 15% so that means around 2.5% (closer to 2%) off everything! party!! no ones better off because NI contributions go up 0.5% in 2011, so we'll ALL be paying out more whe… Read More
5lab Avatar
8y, 4m agoPosted 8 years, 4 months ago
Vat's been cut from 17.5% to 15% so that means around 2.5% (closer to 2%) off everything! party!!

no ones better off because NI contributions go up 0.5% in 2011, so we'll ALL be paying out more whether we like it or not, at least with VAT you can choose to pay.
- lumoruk
5lab Avatar
8y, 4m agoPosted 8 years, 4 months ago
Options

All Comments

(34) Jump to unreadPost a comment
Comments/page:
#1
o dear.... this will be interesting!
#2
Except at the pumps.
#3
quite. whether anyone will pass it on or not remains to be seen.
#4
I can barely think what I am going to do with that extra £2.13 per £100 I spend that I will now have in my pocket......
[mod]#5
Moved to misc as its hardly a deal
#6
morpheus
I can barely think what I am going to do with that extra £2.12 per £100 I spend that I will now have in my pocket......


As you infere here, it isn't 2.5% off, it's more like 2.127765957%!!!

But respect to the OP, he/she beat me to it!!! :-D
#7
do they really think it will make a differenct-i mean-its not even an extra jar of coffee in me weekly shop !
#8
Any VAT boffs out there? When is this scheduled to start? Surely this will place a huge burden on small businesses in administering the change? Is there a change over date that this must be done by? :thumbsup:
#9
deathtrap3000
Except at the pumps.


It will come off at the pumps, allbeit by 1p at most.
#10
Starts December 1st till the end of 2009.
#11
Sheep87
It will come off at the pumps, allbeit by 1p at most.


Fuel duty is going up so we wont notice any difference.
#12
MikeT
Moved to misc as its hardly a deal


wanted to vote this hot, spoil sport
#13
deathtrap3000
Fuel duty is going up so we wont notice any difference.


oh i see, thanks for the info:thumbsup:
#14
they also mentioned the 10p tax rebate will possible continue - what does this mean for us?
#15
Sheep87
they also mentioned the 10p tax rebate will possible continue - what does this mean for us?


I am probably wrong, but you know that extra little bit you got in your salary a couple months back(around £50)? And that tiny bit extra you get now (around £10 more), theyll have that back, I mean it will continue lol!
#16
twist
I am probably wrong, but you know that extra little bit you got in your salary a couple months back(around £50)? And that tiny bit extra you get now (around £10 more), theyll have that back.


i found this:

For basic rate taxpayers, this year's increase in the personal allowance of £120 a year will be made permanent and will also rise to £145 in April.

This should benefit 22 million basic rate taxpayers, the government said.
#17
Sheep87
i found this:

For basic rate taxpayers, this year's increase in the personal allowance of £120 a year will be made permanent and will also rise to £145 in April.

This should benefit 22 million basic rate taxpayers, the government said.


Woohoo! An extra £2 a month from April.
#18
deathtrap3000
Fuel duty is going up so we wont notice any difference.


So six pound off your TV 7 pound more in fuel to get it home :whistling::thumbsup:
#19
twist
Woohoo! An extra £2 a month from April.


Yes don't spend it all at once!

You will be about £110 better off with the increase to the NI start rate being brought up to the tax threshold.
#20
GAVINLEWISHUKD
Yes don't spend it all at once!

You will be about £110 better off with the increase to the NI start rate being brought up to the tax threshold.


I'll try my best not to, is that paid out in a lump sum or is it monthly and I get another £9 extra ontop of my existing £2?
#21
GAVINLEWISHUKD
Yes don't spend it all at once!

You will be about £110 better off with the increase to the NI start rate being brought up to the tax threshold.


I'll try my best not to, is that paid out in a lump sum or is it monthly and I get another £9 extra ontop of my existing £2?
1 Like #22
Sounds great, but in reality is cr ap.... (why is cr-ap censored?)

In a credit crunch people stop spending on luxuries and spend the bare minimum:

Mortgage - no VAT so no change
Council Tax - no VAT so no change
Food - (mostly) zero rated VAT so no change
Petrol - saving in VAT but taken away with duty
Kids clothes - zero rated for VAT
Gas and Elec - 5% VAT rated so no saving.

Bet my Virgin Media package won't come down in price because of this.....
#23
twist
I'll try my best not to, is that paid out in a lump sum or is it monthly and I get another £9 extra ontop of my existing £2?


They will just take less NI and tax off you. However it probably wont cover the increased cost of goods as the pound will still be low against world currencies.
#24
GAVINLEWISHUKD
They will just take less NI and tax off you. However it probably wont cover the increased cost of goods as the pound will still be low against world currencies.


So what youre trying to tell me is that my new found riches wont mean a thing in the long term and that Ill probably be worse off and these so called cuts are just to lure me to go spend £100 pound extra at the shops this Xmas because its okay because next year Ill get so called rebates but in actual fact things will cost more so it wont matter and................so Id just be better off not spending that money I thought Id get rebated.
#25
Well if your in the insulation business your in for a good year. He has pledged £100,000,000 for insulation in 60,000 homes.
Thats £1666.66 per home and as with current trend 80% of the people pay the £200 contribution thats nearly £1800 per house.
With the average house costing £400 for cavity wall insulation or loft insulation thats one hell of a big profit to be made.
#26
GAVINLEWISHUKD
Well if your in the insulation business your in for a good year. He has pledged £100,000,000 for insulation in 60,000 homes.
Thats £1666.66 per home and as with current trend 80% of the people pay the £200 contribution thats nearly £1800 per house.
With the average house costing £400 for cavity wall insulation or loft insulation thats one hell of a big profit to be made.


Anybody need a insulation specialist? Ill pass on the 2.5% VAT deduction to you.

I think they should give us one months free council tax, so remove Jan council tax. That would be an incentive to spend that money in a different area such as retail over Xmas.
banned#27
no ones better off because NI contributions go up 0.5% in 2011, so we'll ALL be paying out more whether we like it or not, at least with VAT you can choose to pay.

http://news.bbc.co.uk/1/hi/uk_politics/7745340.stm
#28
stop moaning, its a a tax cut make use of it. Its very rare
#29
twist
So what youre trying to tell me is that my new found riches wont mean a thing in the long term and that Ill probably be worse off and these so called cuts are just to lure me to go spend £100 pound extra at the shops this Xmas because its okay because next year Ill get so called rebates but in actual fact things will cost more so it wont matter and................so Id just be better off not spending that money I thought Id get rebated.


Well 'riches' is not the word I was looking for. Think you have been listening to Alister too long!
Yes some things will get more expensive if the pound slips against other currencies but also on items that were at an agreed price.
Say a TV that costs $1000 6 months when the price was agreed with the supplier would cost £500 but as the pound has devalued it would cost £680 but this cost has been absorbed by suppliers and retailers. The thing is they will want to get back to the usual profit margins so many imported goods will rise in price.

TBH its all been a waste of time for most people. He could of suspended the 5% tax on domestic fuel. He could have raised the starting tax level (I think it should be minimum wage not half of it). These would of been use to people.
#30
lumoruk
no ones better off because NI contributions go up 0.5% in 2011, so we'll ALL be paying out more whether we like it or not, at least with VAT you can choose to pay.

http://news.bbc.co.uk/1/hi/uk_politics/7745340.stm


Well as they say there is no such thing as a free lunch! Yes he will give it you back next year and take it back 2 years later.
#31
GAVINLEWISHUKD
TBH its all been a waste of time for most people. He could of suspended the 5% tax on domestic fuel. He could have raised the starting tax level (I think it should be minimum wage not half of it). These would of been use to people.


Yeah that would have been better and helped more people, and in turn possibly increased the amount of disposal income slightly, but I don't think he could have done it thanks to EU legislation:x
#32
so you get this vat reduction now for a year, then they put other taxes up for the next 10 years lol
#33
So in summery:

No VAT on food
No VAT on gas/Elec
No VAT savings on petrol/electricity.
No VAT saving on clothes.

So unless you want to spend several grand on a car you are not really gaining much!

Oh - and the amount they put the fuel and alcohol levvy up by will not be reduced when they increase the VAT back. Nice.

Quite sly really.

Also - Ive already herard several retailsers saying it will cost them too much to implement so they will not bother.

Complete waste of time.
#34
effing & jeffing
stop moaning, its a a tax cut make use of it. Its very rare


lol are you having an effing laugh!!! they have knocked less than 2.5% off stuff if your very lucky you will save £500 a year if your even luckier everything else food mortgage fuel etc has only risen by £450 (and theres about as much chance of that as seeing gordon brown breakdancing on the doorstep of no10) but assuming that then your £5 per yr better offf

[COLOR="Red"][SIZE="7"]KERRRRRRCHING!!! [/SIZE][/COLOR]






[COLOR="Black"][SIZE="1"]or as per 90% of the population maybe not!! :roll:[/SIZE][/COLOR]

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!