Please let me know which companies have not passed on the new lower VAT

GentleGiant_2

drove from Essex to Kent at the weekend - the toll recently went up from £1 to £1.50, which is bad enough - but now they have increased their price by 2.13% by not passing on the VAT reduction!!

Just wondering if a toll increase for businesses needs approval???

deanos

KFC not passed on the cuts , a Fully Loaded meal today was the same price as the other week

ngdragon

Hudson + Hudson in Cardiff are not passing it on

Almadancer

I went into JJB sports to buy my son some Inline skates. Price down from £79.99 to £39.99 though not advertised as half price. However, it wasn't until I checked my receipt later that I realised that the net cost must have been increased so that the gross price at the till conveniently came to £39.99. The price ex VAT was listed as £34.78. Now, my maths skills are not up to working out what the price would be once 17.5 VAT was added, but I bet it wouldn't have rounded up to a convenient .99 at the till.
As an aside, I hadn't realised that, as far as food items were concerned, we pay VAT on fruit juices!

blue_monkey_2

Almadancer,

You already got £40 off the RRP - and you want another 80p and are annoyed because you did not get it. Why did you not buy them elsewhere then? Was this because they would have been more expensive?

Cherrykerry you have it spot on. One of my supplier recently imposed a delivery charge - something they never did before so I lose more money on each order I place. So I am already losing that money out of any potential profit and it is £1 an item - and I am already discounted on RRP so I dare not increase further.

I sell a certain product for £22.50 plus £2.50 postage. RRP is £25. One of the biggest UK retailers sells the same product for £25 and £3.50 postage. They have reduced their prices and I have not. So now they charge £24.50 and £3.50 postage where as I still charge the same. Would you boycott my company and pay more elsewhere just because they made the cut and I did not? Each company has to take their own circumstances into account. If they are already doing offers on items why should they be forced in to reducing their prices by pennies and giving themselves untold amounts of work.

Companies are being forced into doing this because it is seen as being the right thing to do. I cannot see it makes one iota of difference, it might before Xmas but after Xmas the majority of us are still going to be too skint to buy the stuff the chancellor 'wants' us to buy (TV's etc..), but he is still raking in the extra duties from fuel as we need these to get to and from work. And while we are all talking about the VAT cut like this we are not talking about the 2p a litre fuel duty and the new vehicle tax rules that are soon to be implimented. It's a funny old game isn't it?

RoseFairy

just come back from Tesco's.
no prices reductions re VAT :mad: despite lots of blue signs giving a table of 'savings'. Prices on shelf tickets are same as at till - albeit a lot of stuff has actually increased in price.

looks like prices are increasing first and then 'some time' later the VAT saving will be taken off - giving us the illusion that we are making a saving - but most probably the price paid will be the same or just a bit more than that we paid before the 'price increase' (hope that makes sense):eek: , So in effect even if it will look like we're saving on the VAT reduction - the price increase before vat taken off will probably be more...?:mad:

Almadancer

blue_monkey wrote: »

Almadancer,

You already got £40 off the RRP - and you want another 80p and are annoyed because you did not get it. Why did you not buy them elsewhere then? Was this because they would have been more expensive?

Cherrykerry you have it spot on. One of my supplier recently imposed a delivery charge - something they never did before so I lose more money on each order I place. So I am already losing that money out of any potential profit and it is £1 an item - and I am already discounted on RRP so I dare not increase further.

I sell a certain product for £22.50 plus £2.50 postage. RRP is £25. One of the biggest UK retailers sells the same product for £25 and £3.50 postage. They have reduced their prices and I have not. So now they charge £24.50 and £3.50 postage where as I still charge the same. Would you boycott my company and pay more elsewhere just because they made the cut and I did not? Each company has to take their own circumstances into account. If they are already doing offers on items why should they be forced in to reducing their prices by pennies and giving themselves untold amounts of work.

Companies are being forced into doing this because it is seen as being the right thing to do. I cannot see it makes one iota of difference, it might before Xmas but after Xmas the majority of us are still going to be too skint to buy the stuff the chancellor 'wants' us to buy (TV's etc..), but he is still raking in the extra duties from fuel as we need these to get to and from work. And while we are all talking about the VAT cut like this we are not talking about the 2p a litre fuel duty and the new vehicle tax rules that are soon to be implimented. It's a funny old game isn't it?

My point isn't that I didn't save enough, however, prior to opting for supporting my local high streeet shop instead of buying from some faceless website retailer, I had done some research into the item and found that the 'reduced' price was, in fact, the average price wherever I purchased the item which opens another topic of whether a 'reduced price' is in fact just that. Yes, I know that there is an undertaking by the retailer to sell the item at its full advertised price prior to the reduction but that's easily enough bypassed by stocking the item for an inflated price for some weeks prior to the reduction. The 'reduction' price had been advertised before the tax cut. My point was that, to all intents and purposes, in some stores, the tax cut is not being passed on to the consumer and the retailers in question are hardly likely to point it out!

blue_monkey_2

RoseFairy wrote: »

just come back from Tesco's.
no prices reductions re VAT :mad: despite lots of blue signs giving a table of 'savings'. Prices on shelf tickets are same as at till - albeit a lot of stuff has actually increased in price.

looks like prices are increasing first and then 'some time' later the VAT saving will be taken off - giving us the illusion that we are making a saving - but most probably the price paid will be the same or just a bit more than that we paid before the 'price increase' (hope that makes sense):eek: , So in effect even if it will look like we're saving on the VAT reduction - the price increase before vat taken off will probably be more...?:mad:

Don't forget that Food is not VAT applicable, neither are postage stamps, kids clothes and shoes. It depends on what you are buying. It astounds me the number of people that think everything should be reduced!

angie_baby

Pound shop, everything is still a £1, lol

blue_monkey_2

Almadancer wrote: »

My point isn't that I didn't save enough, however, prior to opting for supporting my local high streeet shop instead of buying from some faceless website retailer, I had done some research into the item and found that the 'reduced' price was, in fact, the average price wherever I purchased the item which opens another topic of whether a 'reduced price' is in fact just that. Yes, I know that there is an undertaking by the retailer to sell the item at its full advertised price prior to the reduction but that's easily enough bypassed by stocking the item for an inflated price for some weeks prior to the reduction. The 'reduction' price had been advertised before the tax cut. My point was that, to all intents and purposes, in some stores, the tax cut is not being passed on to the consumer and the retailers in question are hardly likely to point it out!

Yes, I do understand AD but the retailer does not have to pass on the cut so there is no hiding and not telling is there - if there are no signs then it is safe to assume they have not passed it on, as long as they are paying the correct amount to HMRC then this is all that matters. They have probably taken this descision because either their prices are good enough already or because the company needs the money.

I wonder if anyone knows about Zavvi's problems for example: http://news.bbc.co.uk/1/low/business/7761356.stm I would not blame them if they did not pass on the cut, I'd rather people kept their jobs than knock 20p off the price of a CD.

We must remember that this cut is not mandatory, it is the companies choice to pass it on, I do not feel it right to have a name and shame thread (as this originally was) as the cut is not just for the consumer but to keep mney pouring into the economy, if people lose their jobs, not only will their be more benefits to pay out but that person, and their family, will have no money to spend in the shops.

Of course (getting political) the Chancellor told you it was just for the consumer so he could also raise lots of other taxes and while we are all agueing about who has passed on the VAT cut no-one is talking about the price of petrol and their gas bills!!

While we are all talking about this it might be worth taking 10 minutes out to click on the business news and find out just what is happening out there each and every day:
http://www.independent.co.uk/news/business/news/ Just look at todays news and how many workforces have cut jobs, Sony, MFI, Entertainment Rights, Woolworths, rumours of EMI defaulting on loans of 2.7 BILLION next year, too many to mention, every day another high street retailer going under it affects everyone in that chain, I think there should be more support of any company, whatever their choice, for whatever their reasons. If in 3 months time you find that (for example) Maplin have made record profits, then choose not to shop there, not while no-one knows just what the hell is going on right now. It is scary.