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Ed Balls calls for emergency tax cut
Comments
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Graham_Devon wrote: »Fattie duty.
Same as fuel. You get charged VAT and Duty.
For your chocolate cheesecake you'd get charged VAT and fattie duty.
Bit of a mouthful.. why not just FAT.
Perhaps it could also be shortened further, for a freely available income abreviation, to FA."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
But that would tax the poor more as they are the ones exposed to the highest fat content foods due to budget.
EG Sausages, burgers are all cheap sources of protein.
Scotland won't like it:)"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thanks for that - that jsut strenghtens my previous belief, that I don't like the UK being a member of the EU! As far as I can see the only benefit is free trade.
It is interesting really because whilst I don't like the concept of VAT, particularly on essentials or near essentials it isn't all bad.
Just think HMRC raises tax on everything we spend then they can remove the tax they take off our income - am I missing something:rotfl::rotfl::rotfl::rotfl::rotfl:"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
But that would tax the poor more as they are the ones exposed to the highest fat content foods due to budget.
EG Sausages, burgers are all cheap sources of protein.
Or altenatively they could just but a big packet of mince and make the burgers themselves
In Tesco's
The cheapest burgers appear to be £4.71 per kg, whereas the cheapest mince is £2.40 per kg.Weight loss challenge, lose 15lb in 6 weeks before Christmas.0 -
You may be bitterly disappointed....currently involved with a European wide review of the VAT legislation and the main ideas on the table at present are :-
- Allow full input tax recovery relating to business or charitable activities
- Abolish the concept of exemption - all supplies either positive rated or outside the scope with recovery
- Substantially reduce the range of supplies not subject to VAT
- All public transport to be outside the scope with recovery
The lowest VAT rate for utilities is 5%, we cannot go as low as 2%, against EU rules. Utilities cannot be VAT free either. Cannot have more than 1 reduced and 1 standard rate either so cannot introduce a third (30%) rate without unilateral support from all EU member states.
Thanks for such heart warming news.
It's bad enough with all the pther bears round here.
Surely there has to be apoint when they can't actually take any more tax?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Or altenatively they could just but a big packet of mince and make the burgers themselves
In Tesco's
The cheapest burgers appear to be £4.71 per kg, whereas the cheapest mince is £2.40 per kg.
Well if you fat tax would it not be on mince? as that is the ingedient the fat comes from?0 -
Well if you fat tax would it not be on mince? as that is the ingedient the fat comes from?
I don't that mince is as fatty as the burgers and suasages as its not as processed and without all the additives usually.
It was just an example really. People eat burgers and sausages because they are handy not because they are cheaper!Weight loss challenge, lose 15lb in 6 weeks before Christmas.0 -
I don't that mince is as fatty as the burgers and suasages as its not as processed and without all the additives usually.
It was just an example really. People eat burgers and sausages because they are handy not because they are cheaper!
cheap beef mince is about 20% fat. the plebs would be forced to eat quorn mince, and turkey mince at christmas.0 -
The only reason VAT hits those on lower incomes more is because those on higher incomes save a greater percentage of their income whereas those on lower incomes tend to spend all their income, therefore all their income is subject to VAT (other than expenditure on VAT exempt goods)
Personally, I'm in favour of a full review of VAT, starting with a full review of the VAT exempt, zero rated and reduced VAT goods, to ensure that all essentials are actually VAT free. Remove VAT on electricity, gas and fuel (or decrease the rate even further to say 2%), all fresh food VAT free,
Clothes, books, transport and children's clothes are all mostly VAT free.
I have a funny feeling, though, that you can't remove or reduce the rate of VAT under EU law, only put it up. I could be wrong, though....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I don't that mince is as fatty as the burgers and suasages as its not as processed and without all the additives usually.
It was just an example really. People eat burgers and sausages because they are handy not because they are cheaper!
Well filleting a Cow may be cheaper but I can't say many will do it.
Eating mince is cheaper than eating fillet beef and higher in fat.
You pointing out mince is cheaper still points out cheaper food such as meat products have more fat.
Next time you cook some cheap mince don't put any fat in when cooking it and measure how much you get out.
ps bread crumbs and onion are the usual others ingedients, even eyes but they all tend to have lower percentages of fat.
Standard uncooked is around 30% I believe.0
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