get those expensive items quick

dazzii

if you dont know , it looks like VAT will go back up to 17.5% in jan :mad:

rsykes2000

This was announced a long time ago and isn't really a grabbit.

rishishah

dazzii wrote: »

if you dont know , it looks like VAT will go back up to 17.5% in jan :mad:

the increase to 17.5% from 1st Jan 2010 was announced at the same time as the drop to 15%. Hopefully this should not be news to anybody. If this is news, I am really surprised.

tara747

Is it not going up to 19-20% in Jan?

leona71

yawn this is not a grabbit!!

it's going back to the usual 17.5% and most people should know that

Princess_Coupon

As most shops didn't drop their prices but will definately put them up we will in effect pay 20% in Jan

SurfBowlSC

Will be VERY interesting to see how retailers approach this.
When the 15% rate kicked in last year it was not a 2.5% reduction by retailers to calculate the new rate, it was actually lower.
However, you can be absolutely certain that they will at 2.5% on to their current retail prices - meaning they actually come out better than they did before the rate reduction.

Lube

I found the vat decrease had much effect anyway unless you bought a very expensive item and assuming they actually past the costs on

You will have to be from Mars to not know its going back up soon

jenniewb

Just like the minus 2.5% made no real difference, (people complained that it was at best pointless and at worst, an insult) I don't think having an increase of 2.5% will really hurt. Unless your spending £xxxxx on an item, and actually, if you have the money for something costing £xxxxx, 2.5% is not really likely to be a concern to you!

topbargainhunter

There's also a lot of talk of an increase in the standard rate to around 20% in the near future. We have one of the lowest VAT rates in Europe at the moment.

williham

SurfBowlSC wrote: »

Will be VERY interesting to see how retailers approach this.
When the 15% rate kicked in last year it was not a 2.5% reduction by retailers to calculate the new rate, it was actually lower.
However, you can be absolutely certain that they will at 2.5% on to their current retail prices - meaning they actually come out better than they did before the rate reduction.

What a load of rubbish. Why does everyone have to complain about everything. First it's "oh the 2.13% drop is nothing"... Then it's "OMG this 2.13% increase is gonna be horrible."