vat rise - Tile Advice

[mikethetile]

the tories have gone in with their favorite ploy

20% vat

the tories have raised vat from 7% to 17.5%

 

[Colour Republic]

Mike tell me where it says this? You say it like statement of fact rather than rumour, you do realise that there has ben rumours of a vat increase for 2 years already, nothing to do with the Tories, not saying it won't happen but show me where they have said this is going to happen

 

[mikethetile]

bbc news channel

 

[DHTiling]

David Cameron's coalition economic plans will ADD £10bn to deficit | Mail Online

 

[chrisroe]

at 20 %

at least i can work out how much that costs in my head

 

[Colour Republic]

"...The simplest way of undoing the damage could be to hike VAT from 17.5 per cent to 20 per cent. This would yield £11 billion a year to the Treasury, the note calculated...."

I'm sorry but when it comes to the world of finance then there are no so called experts, out of all the predictions from these 'experts' i've only ever seen them get it right 20% of the time, I can get better odds on the flick of a coin.

Again not saying it won't happen but until it's annouced or at least leaked i'm not putting any weight behind it

 

[White Room]

Labours dept has got to be paid off somehow, can't carry on as if there's a bottomless pit of money

 

[mikethetile]

David Cameron's coalition economic plans will ADD £10bn to deficit | Mail Online

thats an interesting read Dave

no surprise there as Ive seen it happen before

 

[Diamond Pool Finishers]

bad news for the guys who are VAT registered then!!:smilewinkgrin:

 

[mikethetile]

bad news for the guys who are VAT registered then!!:smilewinkgrin:

I was thinking that too Dave

20% is a lot on a quote

 

[Diamond Pool Finishers]

it might even BOOST the Black economy mate and the cash in hand mob :yikes:

 

[White Room]

It's only an extra 2.5%, hardly noticed when it was 15%

 

[Scott]

Doesnt do much for inflation though does it, and extra 2.5% on everything in the country. Start messing with inflation and then the interest rates start getting silly. Dont need that when i just rammed my mortgage to the gills

 

[peckers]

at 20 %

at least i can work out how much that costs in my head

even easier if it had gone down to 10% :mad2:

 

[diamondtiling]

A 4% rise is about 15 billion in taxes I think, so thats why they are doing it. Luckily I re-registered last month. Cheaper fuel, cheaper materials and all (90%) commercial customers so happy days.