General Chat

From another viewpoint, it's causing us a major headache at work - we have one system where the VAT change is easy, and 2 where it isn't!! Buying cheap, crap systems doesn't pay off!

I have had my site fee's bill for my caravan for next year have not paid it yet will the vat on that be reduced or because I have already had the bill have to pay the old vat rate

Pam

Precisely, Christine! What moron decided they were a luxury item in the first place?!

The VAT laws are crazy.

They tell you to get your kids to eat healthy then stick VAT on small boxes of raisins because they are classed as a snack not a food. Same goes for smoothies

VAT on loo rolls, a luxury?

Don't be too clean, VAT is charged on washing powder & toiletries

"Tampax Tax" was cut to 5% in 2000

For reference

How to spot VAT items on a supermarket receipt

Morrisons
Items with an "A" to the right of the price

Asda
Items with a "V" to the right of the price

Tesco
An "*" is shown to the right of the item's description

Just take 2% off the price. It will be slightly more than that but it's easy enough to work out. Will give you at least a rough idea - especially for the larger items.

Jill

It will get very messy and confusing when the shops have new stock to put on the shelves too! I think the only way they'll get round it is to have a dual-pricing system with both the old and new VAT prices displayed clearly.

Some foodstuffs do have VAT - eg fruit smoothies and confectionary - so the food shelves are going to be fun too.

Someone who is the manager of a large store has just told me that the price on the shelves will be with the VAT on but it will be deducted at the tills.

What a silly idea, we won't now exactly what we are paying till we've paid for it unless we work out every item on the way

Linda

Tampons and sanitary towels have VAT on them so they should be cheaper ladies!!

Food is exempt from vat so no saving here. Have a look at your supermarket bill and you will see that very little is vatable.

I've got lots of pins Tracey!

Now is the time to go into business selling Gordon Brown voodoo dolls!!

Told you - it's going to be fun!!

Just avoid the shops next week as the queue of complaining customers at the till will take days to disperse!!

Arghhhh

If an item nett price is £100 then with 17.5% VAT it would be £117.50. With 15% VAT it is reduced by £2.50, and that is 2.12% off the original price.

Y ?

It will actually be 2.12% off the gross price

I think you might find that due to the vagaries of working out the percentage you will not pay 2.5% less. You will pay 2.something% less but it will be less than 2.5%. Heard that from a friend with a shop today and I can't remember the exact figure. It's driving her mad and it will drive her customers mad.

It's gonna be fun!!

From Monday if you buy anything ask for a full VAT receipt. If it shows 17.5% then ask for a price reduction calculating VAT at 15%