Discussion: VAT increase

[DJ-Daz]

Unless you lived on Mars and only came to this planet today, you'll no doubt be aware of the the V.A.T. (Value added tax - yeah right!) increase today.
20% is the new and according to George Osborne - wonderful new tax rate. This is supposed to add £12 billion per year to the public purse and drag us back into positive figures.

I've spoken to a lot of people and they seem convinced that it's only £2.50 on a £100 shopping bill, so to them it seems like it's no big deal.

But it's a lot more than that.
Every item bought and sold has the increase, and that includes component parts.
A laptop for example might have hundreds of components, most of them either too small to see or too cheap to care about. But thats not the point, collectively it all adds up, and it might add up to another £50.00 on a £350 machine. Plus of course, fuel has gone up in price, +3p per litre of petrol and 4p on diesel, so transportation costs have risen too. Factor in the a lot of fruit and veg comes from Italy, Spain and Greece, that could add quite a bit to the weekly shop. A damn site more than £2.50

Not forgetting fertilizer, seeds, pest control, and various faming equipment all adds more to your food.

It's not just the end item price thats risen by 2.5%, it's everything that that item consits of, transport costs too.

Some analysts are predicting severe slowdown in spending leading to tens of thousands of job cuts.

[theENIGMATRON]

I will come back when i have had a break from work and explain a little more and read over your post a little more.

As you know my job supports the EPOS System (Electronic Point Of Sale)
"The Fancy Computerised Till Systems you see in retail shops"

So as you can imagine am fed up of hearing VAT LOL.


In the Ideal world!!!
Prices would increase of a total of 2.1739%

So no not much would get added.

In the real world!!!!
8/10 of our Customers have not Just increased it by 2.1739%
But have gone up as far as 2.5 or 5% or even more in some cases.
Also to add Suppliers have seen the perfect window to increase there prices.
Some are doing so as much as 15%

You will notice a hike in the prices for sure.


2.1739% Is the actual increased VAT RATE.
And another one i cannot be bothered atm to break down

[DJ-Daz]

Forgot about the unscrupulous suppliers/shopkeepers.
Same thing happened with the €, a lot of prices went up dramatically due the natural confusion.
Dont think for one minute your favourite supermarket chain wont do the same because they will.

[InfiniteStates]

Maybe if the government didn't piss all our tax away on re-doing the same roadworks over and over, doing fuck all about dole bludgers, housing illegal immigrants before deporting them, or trying to play big soldier boy, they might not need to wring extra out of an already fucking strangled economy.

No wonder people with money are leaving this country like rats from a ship, and I'll be off too as soon as I can afford it... Canada FTW.

[DJ-Daz]

Canada FTW.

Dont believe it, their GST (VAT) has just gone up too, it's now 6%!
Fucking ripoff.