Vat

Moneysaving_craig

Can you please tell me, is VAT going up from 5% to 17.5% for domestic gas and electric:mad:

victor2

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.

KimYeovil

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.

Bark01

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%

victor2

KimYeovil wrote: »

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.

:rotfl::rotfl: