Chat & Social > The Bar - General Chat
VAT to be cut by 2.5%!!
Yoshi:
Was reading this in the paper this morning, found the story on the bbc news website as well. BBC News
Looks promising, maybe they will lower fuel duty as well :-o
Stranger things have happened!
Disco Matt:
I do find myself wondering how many high street stores will really cut their prices by 2.5% if this happens - those who quote prices excluding VAT will have to but I wouldn't be surprised if the rest find some excuse not to pass it on...
richo:
When they put it up from 15% years ago they said then it would'nt last long at the new rate and it would go back to 15% in a while.
If it happens it's been a long while if you ask me.
carbore:
This could be a pain for small shops, although the savings could offset that.
I worked in a shop when the VAT lifted from 15 to 17.5% and we had to re price every single item as it was stick on price tickets!
I wouldnt want to do that with christmas stock in, perhaps its soon engough before. Mind you moist Christmas lines are rubbish so they deserve the work.
V8MoneyPit:
--- Quote from: carbore on November 23, 2008, 15:56:19 ---.......moist Christmas lines are rubbish .......
--- End quote ---
Hmmm..... moist Christmas lines? The mind boggles ;) :lol:
I can't help feeling a reduction in income tax would benefit people more than a cut in VAT. Not me though .... I don't earn enough :(
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