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VAT query

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ProfilePosted byOptionsPost Date

McB

McB Report 26 Nov 2008 19:48

I've got a business ( just ) & i had some bumph from the VAT people today saying as from monday ALL invoices from monday should include 15% vat, that includes shop sales.

Redharissa

Redharissa Report 26 Nov 2008 19:43

I went into Sainsburys today to ask if their clothing and kitchenware, etc prices are going to drop by 2.5% on Monday and whether they are going to change the price tags or alter things at the till.

Surprise, no one has a clue what is going to happen! I got the strong impression that the shoppers will still be charged the same prices next week as are being charged today.

The staff had a few choice words to say about Gordon Brown though ;o) !!

°o.OOº°‘¨Claire in Wales¨‘°ºOO.o°

°o.OOº°‘¨Claire in Wales¨‘°ºOO.o° Report 24 Nov 2008 20:24

VAT is not only charged on luxury items, it's also on every day items bought from the local supermarket

~Summer Scribe~

~Summer Scribe~ Report 24 Nov 2008 20:08

I knew I should have waited to buy my TV *sigh*

I agree VAT on gas and leccy should be outlawed, they certainly aren't a luxury.

McB

McB Report 24 Nov 2008 19:55

Sorry, should'nt have said ONLY 5%

It SHOULD BE 0% as Tracy says

Mrs. Blue Eyes

Mrs. Blue Eyes Report 24 Nov 2008 19:51

Jeez goes to show how much attention I pay, I didn't know vat was on gas & leccy, that's ridiculous

Redharissa

Redharissa Report 24 Nov 2008 19:50

I wish they'd drop VAT on gas and electric altogether! It was really cruel putting it on essential services in the first place.

McB

McB Report 24 Nov 2008 19:48

Don't think so as vat on gas & leccy is only 5%

Redharissa

Redharissa Report 24 Nov 2008 19:44

Does anyone know if the VAT cut is going to be applied to household gas and electric bills and food? Or is it only on luxury items like mega-huge TV sets?

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