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    VAT Rise coming?

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    517 Comments

    It needs to rise

    Original Poster

    robappleby89;8593472

    It needs to rise



    Not denying that, also it has the benefit of not affecting peoples incomes or vital things like food or childrens clothes, people could always learn to live with what they have with a bit longer instead of being addicted to shopping for things they want but not need.

    No reason why not, one Margaret Thatcher raised it from 15% to 17.5%.:roll:

    Original Poster

    Inactive;8593474

    No reason why not, one Margaret Thatcher raised it from 15% to … No reason why not, one Margaret Thatcher raised it from 15% to 17.5%.:roll:



    No Doubt Millibands (maybe?) 1st arguement against it, ultimately what matters if if ConLib MPs will push it through over Labour&Co

    Tax rises are the last thing people need, no matter how unseen they are.

    Original Poster

    deathtrap3000;8593486

    Tax rises are the last thing people need, no matter how unseen they are.



    Far from unseen, this will be all over the media, I don't mind people being against Government raising money, but last time i lashed out against those on benefits, everyone moaned at me, anyone else got a solution for paying off our stupid, consumerist, greedy, materialist, debt?? People want to only blame bankers, look at your own past few years of loans and credit card use 1st tbh.

    Banned

    Of course there is a vat rise coming, the tories got in.

    That said 2.5p out the £ wont make a hughe difference to most peoples budget's but may just help improve public services etc

    lottysdad08;8593507

    Of course there is a vat rise coming, the tories got in. That said 2.5p … Of course there is a vat rise coming, the tories got in. That said 2.5p out the £ wont make a hughe difference to most peoples budget's but may just help improve public services etc



    except when you want to buy a new tv or car. then you will notice a difference.

    schizoboy;8593490

    Far from unseen, this will be all over the media



    I didnt mean the media coverage, I meant the actual prices, unseen in most places except on the more expensive items.

    Original Poster

    deathtrap3000;8593521

    I didnt mean the media coverage, I meant the actual prices, unseen in … I didnt mean the media coverage, I meant the actual prices, unseen in most places except on the more expensive items.



    True, but the initial mindset will be there, which will hopefully bring about some bloody frugality.

    dcx_badass;8593550

    £600 TV = £15 extra. Life changing....



    yep and then multiply that across an average year of spending and then its pretty life changing.

    robappleby89;8593472

    It needs to rise



    schizoboy;8593473

    Not denying that, also it has the benefit of not affecting peoples … Not denying that, also it has the benefit of not affecting peoples incomes or vital things like food or childrens clothes, people could always learn to live with what they have with a bit longer instead of being addicted to shopping for things they want but not need.



    Inactive;8593474

    No reason why not, one Margaret Thatcher raised it from 15% to … No reason why not, one Margaret Thatcher raised it from 15% to 17.5%.:roll:



    schizoboy;8593490

    Far from unseen, this will be all over the media, I don't mind people … Far from unseen, this will be all over the media, I don't mind people being against Government raising money, but last time i lashed out against those on benefits, everyone moaned at me, anyone else got a solution for paying off our stupid, consumerist, greedy, materialist, debt?? People want to only blame bankers, look at your own past few years of loans and credit card use 1st tbh.



    dcx_badass;8593491

    I don't care, honestly 2.5% isn't much on most things and somethings … I don't care, honestly 2.5% isn't much on most things and somethings might not even rise anyway.



    lottysdad08;8593507

    Of course there is a vat rise coming, the tories got in. That said 2.5p … Of course there is a vat rise coming, the tories got in. That said 2.5p out the £ wont make a hughe difference to most peoples budget's but may just help improve public services etc



    deathtrap3000;8593517

    except when you want to buy a new tv or car. then you will notice a … except when you want to buy a new tv or car. then you will notice a difference.





    i could qoute every reply in this thread,which i nearly have,
    but someone explain to me if im wrong?
    its a tax on buying?
    well anyway,its the easiest and most understanable tax there is,we are in deep deep dog doo,so whack up the vat
    look at europe,we need to wake up fast
    i think this coalition could be actually amazing. the best of two parties
    no?

    dcx_badass;8593555

    Not really, seeing as thought it only affects luxury goods. And even then … Not really, seeing as thought it only affects luxury goods. And even then only if you're poor.



    £650 p/a per household is pretty noticeable in my books, and even if your pretty well off you will see a difference.

    dcx_badass;8593562

    Where did you get that £650 p/a figure from? Just made it up?



    take the average weekly spend and you can work it out
    its rough but gives a good picture of the cost

    dcx_badass;8593565

    For an increase of £650p/a. You have to spend £26,000 a year on luxury g … For an increase of £650p/a. You have to spend £26,000 a year on luxury goods, I doubt many do that. You either suck at maths or are trying to cause trouble.



    yes i suck at maths. thats why I said i took the average weekly spend. key word average...

    and why just luxury goods?
    do they not tax other things?

    Banned

    deathtrap3000;8593517

    except when you want to buy a new tv or car. then you will notice a … except when you want to buy a new tv or car. then you will notice a difference.



    £12,000 grand car would only cost an extra £300, so not the end of the world

    dcx_badass;8593569

    You think they average weekly spend is £490? Are you kidding me. You do … You think they average weekly spend is £490? Are you kidding me. You do realise this is VAT, which is only added to luxury goods you purchase.You're too stupid to even bother arguing with. Normal food items are not taxed, and even if they were seriously who spends £490 a week. So clueless.



    Thanks for the insults.

    Still not understanding the average bit though.

    I don't mind a VAT increase but I think it ought to come with a reconsideration of exactly which things attract VAT, like for instance in this day and age can bog roll really be considered a luxury?

    dcx_badass;8593550

    £600 TV = £15 extra. Life changing....



    Sorry?

    This could destroy businesses.

    When the VAT went down 2.5%, that was MEGA for businesses.

    Wotwot123;8593649

    Sorry?This could destroy businesses.When the VAT went down 2.5%, that was … Sorry?This could destroy businesses.When the VAT went down 2.5%, that was MEGA for businesses.



    The only reason it was "Mega" for business is because most of the greedy B*****d's didn't pass the cut on to the consumer so it meant an extra 2.5% profit for them.
    Most business on the UK overcharge for products by an average 60% in any case so absorbing this would cost nothing.

    059;8593696

    The only reason it was "Mega" for business is because most of the greedy … The only reason it was "Mega" for business is because most of the greedy B*****d's didn't pass the cut on to the consumer so it meant an extra 2.5% profit for them.Most business on the UK overcharge for products by an average 60% in any case so absorbing this would cost nothing.



    That is complete rubbish.

    Tens of thousands of businesses operate with little to no profit i.e. Hotels, Cafes, Laundrettes. - I'm not speaking of places like Starbucks or Comet, I'm speaking about the high majority of businesses, the ones in towns and cities you never hear of because they are not nation wide.

    I know of many businesses that run at a very small loss because the owners like what they do and provide to the public, so when the VAT decreased, they actually made a little bit of money for themselves, and ANY amount of extra money for small to medium sized businesses is good. Imagine an increase and all these businesses will go, not because they are poor or fail, because they are in a part of the business world that is pretty much unseen.

    Small to Medium sized business don't make an awful lot of moneyas people think, a hotel (with 15 - 30 rooms) with a turnover of half a million will make around £50,000 profit at the end of the year - So imagine all the small hotels profit margins, so small it's normally easier to work for someone else in a 9 - 5 job.

    Wotwot123;8593713

    That is complete rubbish.Tens of thousands of businesses operate with … That is complete rubbish.Tens of thousands of businesses operate with little to no profit i.e. Hotels, Cafes, Laundrettes. - I'm not speaking of places like Starbucks or Comet, I'm speaking about the high majority of businesses, the ones in towns and cities you never hear of because they are not nation wide.I know of many businesses that run at a very small loss because the owners like what they do and provide to the public, so when the VAT decreased, they actually made a little bit of money for themselves, and ANY amount of extra money for small to medium sized businesses is good. Imagine an increase and all these businesses will go, not because they are poor or fail, because they are in a part of the business world that is pretty much unseen.Small to Medium sized business don't make an awful lot of moneyas people think, a hotel (with 15 - 30 rooms) with a turnover of half a million will make around £50,000 profit at the end of the year - So imagine all the small hotels profit margins, so small it's normally easier to work for someone else in a 9 - 5 job.



    :thumbsup: Well Said

    Wotwot123;8593713

    That is complete rubbish.Tens of thousands of businesses operate with … That is complete rubbish.Tens of thousands of businesses operate with little to no profit i.e. Hotels, Cafes, Laundrettes. - I'm not speaking of places like Starbucks or Comet, I'm speaking about the high majority of businesses, the ones in towns and cities you never hear of because they are not nation wide.I know of many businesses that run at a very small loss because the owners like what they do and provide to the public, so when the VAT decreased, they actually made a little bit of money for themselves, and ANY amount of extra money for small to medium sized businesses is good. Imagine an increase and all these businesses will go, not because they are poor or fail, because they are in a part of the business world that is pretty much unseen.Small to Medium sized business don't make an awful lot of moneyas people think, a hotel (with 15 - 30 rooms) with a turnover of half a million will make around £50,000 profit at the end of the year - So imagine all the small hotels profit margins, so small it's normally easier to work for someone else in a 9 - 5 job.



    decorating1;8593725

    :thumbsup: Well Said


    Agree.
    I was attempting to get some clarification on how much was a billion....
    If you are American, it is undoubtedly 1,000,000,000. This amount is known to traditionally minded British people as `a thousand million', and by some more adventurous ones as a 'milliard', though this word has not made as much headway in English as in some other European languages. A trillion is then 1,000,000,000,000, and so on.

    If you are British, on the other hand, a billion may be 1,000,000,000,000 (a million million), following the older convention. If you are neither British nor American, you can take your pick! (Both systems were invented by the French, but are called 'British' and 'American' for convenience.)

    Does anyone know for sure what figure is used?

    Banned

    A good way of raising income I reckon

    we have one of the lowest VAT rates in the EU so 20-22% is fair. Better than 1% NI rise affecting every employee.

    en.wikipedia.org/wik…tax

    Banned

    lottysdad08;8593507

    Of course there is a vat rise coming, the tories got in. That said 2.5p … Of course there is a vat rise coming, the tories got in. That said 2.5p out the £ wont make a hughe difference to most peoples budget's but may just help improve public services etc


    guess you didnt notice the plans to scrap labours 1% NI rise then :whistling:

    or Labours 100+ stealth tax rises over the last 13 years :roll:

    A ]regressive taxis a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. In simpler terms, a regressive tax imposes a greater burden (relative to resources) on the poor than on the rich

    csiman;8593843

    guess you didn't notice the plans to scrap labours 1% NI rise then … guess you didn't notice the plans to scrap labours 1% NI rise then :whistling:or Labours 100+ stealth tax rises over the last 13 years :roll:



    "Stealth Tax" ..
    I see your still quoting from the Tory Book of Spin.

    Get ready for "Stealth Cuts + Stealth Tax" under the Tories.

    Did the tories say they were going to raise VAT in their manifesto?

    Original Poster

    Bear in mind, if Tories did do it, they'd be quoted back at how much a failure the VAT cut was when they were in opposition, so if the reduction was a failure why would a increase be good?

    We'll see innit

    Banned

    deathtrap3000;8593571

    Thanks for the insults. Still not understanding the average bit though.



    VAT isn't charged (zero rated) on food, drinks etc so the point that is trying to be pointed out to you is that you will not see much of a difference in your weekly spending for basic goods.

    Look ]HERE for VAT exempt items. Hope that helps. (Or move to Jersey!)

    splatsplatsplat;8593892

    Did the tories say they were going to raise VAT in their manifesto?



    Yes, it was clear and it is the better option than Labours NI increase.

    VAT is more or less a 'choice' tax. You can get through basic living without having to pay much of it. A lot has been said that Tories will tax the poor. This shows that analogy is absolute rubbish and the exact opposite is true. Those who will be hit with this are those who replace their cars every year, buy expensive luxury items and are pretty frivolous on non essential purchases.

    A raise in VAT may also mean we get better offers from retail stores. The high streets will be plastered with "2.5% off everything!" when VAT rises to 20% - exactly the same as when it went back up from 15% to 17.5%.

    It's all good for the consumer. Just not great for those buying Porsches and Ferraris!

    JonnyTwoToes;8593974

    VAT isn't charged (zero rated) on food, drinks etc so the point that is … VAT isn't charged (zero rated) on food, drinks etc so the point that is trying to be pointed out to you is that you will not see much of a difference in your weekly spending for basic goods.Look ]HERE for VAT exempt items. Hope that helps. (Or move to Jersey!)Yes, it was clear and it is the better option than Labours NI increase.VAT is more or less a 'choice' tax. You can get through basic living without having to pay much of it. A lot has been said that Tories will tax the poor. This shows that analogy is absolute rubbish and the exact opposite is true. Those who will be hit with this are those who replace their cars every year, buy expensive luxury items and are pretty frivolous on non essential purchases.A raise in VAT may also mean we get better offers from retail stores. The high streets will be plastered with "2.5% off everything!" when VAT rises to 20% - exactly the same as when it went back up from 15% to 17.5%.It's all good for the consumer. Just not great for those buying Porsches and Ferraris!



    Exactly, i was going to post pretty much the exact same, however, someone is still going to dispute it in a few posts time.

    There will be another thread when it is actually implemented aswel, in which we have to go through the whole thing again.

    btw, where did the exit poll thread go??

    Banned

    ivegotalobon;8594144

    Exactly, i was going to post pretty much the exact same, however, … Exactly, i was going to post pretty much the exact same, however, someone is still going to dispute it in a few posts time.There will be another thread when it is actually implemented aswel, in which we have to go through the whole thing again.btw, where did the exit poll thread go??



    Mods deleted it - unsure why. I'm guessing they didn't like the fact I was right all along! :-D

    Banned

    csiman;8593838

    A good way of raising income I reckonwe have one of the lowest VAT rates … A good way of raising income I reckonwe have one of the lowest VAT rates in the EU so 20-22% is fair. Better than 1% NI rise affecting every employee.



    So you'd rather pay 20% VAT on everything you buy, than a 1% increase in NI?

    You maaaaaad?

    Mod & Ed

    Yeah I've always considered sanitary products for ladies a luxury, why don't we just go without

    Banned

    guv;8594186

    So you'd rather pay 20% VAT on everything you buy, than a 1% increase in … So you'd rather pay 20% VAT on everything you buy, than a 1% increase in NI?You maaaaaad?



    Try reading it again. People need to educate themselves on exactly what we pay VAT on - what items we buy on a daily basis that are zero rated VAT.

    This really is the core problem with most 'discussions' on here. People just aren't educated enough to know what they are talking about half the time! :roll:

    I don't often agree with dcx's view points, or at least how he gets to them. However, on this one I completely agree that VAT rise of 2.5% is nothing really, and we will only see it on luxuries as such. Thus hopefully making us more of a buy when needed, not buy when we like nation.

    But as pointed out 2.5% extra is not much, even on an average car which might cost £10-12k? That is only an extra £250-300. Which if buying a car you are not going to realise. Even on dcx's example of a £600 TV, it is only £15. Thus if you are spending £600 on a TV £15 is not going to bother you.

    Also as csiman stated we actually have a lower VAT then most of europe as well.

    JonnyTwoToes;8594200

    Try reading it again. People need to educate themselves on exactly what … Try reading it again. People need to educate themselves on exactly what we pay VAT on - what items we buy on a daily basis that are zero rated VAT.This really is the core problem with most 'discussions' on here. People just aren't educated enough to know what they are talking about half the time! :roll:



    Standard rate
    You pay VAT on most goods and services in the UK at the standard rate, which is 17.5 per cent.

    Reduced rate
    In some cases, for example children's car seats and domestic fuel or power, you pay a reduced rate of 5 per cent.

    Zero rate
    There are some goods on which you don't pay any VAT, like:
    food
    books, newspapers and magazines
    young children's clothing and footwear
    special exempt items - for example equipment for disabled people

    Banned

    awoodhall2003;8594212

    Standard rateYou pay VAT on most goods and services in the UK at the … Standard rateYou pay VAT on most goods and services in the UK at the standard rate, which is 17.5 per cent.Reduced rateIn some cases, for example children's car seats and domestic fuel or power, you pay a reduced rate of 5 per cent.Zero rateThere are some goods on which you don't pay any VAT, like:foodbooks, newspapers and magazinesyoung children's clothing and footwearspecial exempt items - for example equipment for disabled people



    Let people read the full list ]HERE rather than filtering.
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