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Vat
Comments
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Not according to our good friends at HMR&C....Change to the standard rate of VAT
The standard rate of VAT will increase to 20 per cent on 4 January 2011.
Zero rated supplies, such as basic foodstuffs, children’s clothing and books; exempt supplies, such as education and health; and supplies subject to VAT at the reduced 5 per cent rate, such as domestic fuel and power, are not affected by this change.I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.
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The Liberal Democrats and the Conservatives have assured us that they have 'no plans' to alter the rate at which domestic fuel is charged. I am quite sure that that assurance puts your mind at rest.0
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Moneysaving_craig wrote: »Can you please tell me, is VAT going up from 5% to 17.5% for domestic gas and electric:mad:
No, Vat is going up from 17.5% to 20% for retailers.
The VAT on fuel is staying at 5%0 -
:rotfl::rotfl:The Liberal Democrats and the Conservatives have assured us that they have 'no plans' to alter the rate at which domestic fuel is charged. I am quite sure that that assurance puts your mind at rest.I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.
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