Which companies are passing on the VAT cut? Discussion

mywifenow

bwgames wrote: »

I went to a Shell petrol station on Monday evening. and was charged the OLD VAT rate. The pump price was the same as before, and my receipt clearly said 17.5% VAT.

Isn't that illegal?

Sounds like it to me ... did you challenge them on it?

spaceboy

lesbro wrote: »

I went to the Poundland shop and was still charged £1 each for the items I bought. This means a price increase.

You want them to change their name to 98pland? That would be expensive mate. Again you really have to blame our VAT system and the fact the tax is not added on at point of sale like in the US.

spaceboy

adandem wrote: »

Trouble is though, the companies do not want to share their good fortune when they're doing well either.


The cut was supposed to help the consumer, not profit the retailers.

Perhaps this highlights a flaw in Brown's thinking?

spaceboy

potnoodle81 wrote: »

Gordon brown is the last person I would vote for, but it aint his fault the econamy is in such a state....if u wanna blame someone
...blame the American companies that lent money out to people 'willy nilly' to buy houses there...thats why every country is in a bad state

Cobblers. So I cant blame the UK companies eg Northern Rock, HBOS, RBS etc for doing exactly the same thing here? And I cant blame Brown for sailing along on the boom economy gathering praise for his "skillful" handling of the economy? Think again.

plataana

We bought a new car the week before the VAT cut signed all the paperwork for credit and paid the deposit. We had it delivered on Friday before the Monday VAT cut and they still gave us the VAT back. They need not have done it but all credit (excuse the pun) to them!

plataana

Sainsburys are cutting the VAT at the till too. I did'nt realise that there was VAT on tins of chocolates.

spaceboy

plataana wrote: »

Sainsburys are cutting the VAT at the till too. I did'nt realise that there was VAT on tins of chocolates.

Anything regarded as a luxury good. Chocolates, biscuits, cans of Coke etc all have VAT.

harryhound

clairbear1000 wrote: »

I was wondering about season tickets. I guess they fall under continuous supply. BUT out of goodwill, I know that is a crazy thought for the train companies. I am interested in First Capital Connect specifically. Any info greatly appreciated.

I think trains. buses and farmers are zero rated. This is not the same thing as exempt.
A zero rated activity get "subsidised" as any VAT they have to pay they can reclaim while charging their customers at a rate of zero percent.

I went into Aldi & Lidl this morning (they are only 100 yards apart) to check out the "Thursday Offers"
Lidl were right on the ball with posters not only saying the prices had been reduced but also how VAT on groceries worked and pointing out they had absorbed the net increase through excise duty on alcohol.
Aldi charged me the lower vat rate on something labelled 9.99, when I got to the till.

Harry

Mill84

while the VAT rate cut is great, spare a thought for us on the other side of the pond, where VAT is to be increased from 21% to 21.5%. This was done to try recoup the lost revenue from so many Irish people going to Northern Ireland to take advantage of the great bargains there partially caused by the weak sterling, which are only going to get better now UK Vat has been reduced! 3-4 hour tailbacks from Dundalk to Newry a trip that usually takes 15 mins! and our Goverment says those who do go to NI are unpatriotic!!??? well we cant all afford to be patriotic anymore...

molerat

spaceboy wrote: »

Perhaps this highlights a flaw in Brown's thinking?

Brown and thinking in the same sentence come on now !!