20% VAT how does this affect arb

[TREE-SURGEON-ESSEX]

Im thinking buying tools etc.

 

But if our customers are feeling the squeeze were right behind them does this mean we lower our prices ?.

[ad15]

it means our kit will cost 2 1/2% more,,, BUT the exchange rates will also come into play, if they go down then we may not feel it so much with kit..

[Stephen Blair]

it means i wont need a calculator to work out the vat anymore:sneaky2:

[robert t]

Anybody know if the vat increase will affect the lower rate vat on firewood.

[Justme]

I think they left the exempted, lower & zero rated goods alone.

[Ian Leach]

it means i wont need a calculator to work out the vat anymore:sneaky2:

 

Not if you download the vat app on your iphone

[Amelanchier]

Haven't the rules on depreciation for plant changed also?

 

How many companies just over the VAT threshold will suddenly decide to dip back under...

[b101uk]

If it stays at 20% for about the same time at it was at 15% then the net effect will be that it has effectively stayed at 17.5%

 

The biggest bonus will be this should help strengthen the £ vs. the € effectively making saws and etc that are imported effectively cheaper if the retailers truly pass on savings instead of pocketing it

 

i.e. the £ has gained way more than 2.5% since April 1st (>6%)

[nailer]

Bet this leads to another sneaky increase on the flat rate scheme, out of line with the vat rise.

[Dean Lofthouse]

Haven't the rules on depreciation for plant changed also?

 

 

Yes, I found that out with a tax bill 4 times higher than normal