Tags Tagged With Business
15 Reasons Why The Vat Rate Change May Backfire.
Adapted From http://iaindale.blogspot.com/2008/11/15-reasons-why-vat-reduction-may.html A reader from the above blog came up with 15 good reasons as to why the VAT rate change may hinder instead of help the economy. We have added some of our own analysis to the comments: 1. Deflationary for the next 12 months -- Inflation causes the cost of products and services to go up over time. This VAT rate change will cause prices to go down, possibly risking the growth of our economoy at a time wh
Has The Vat Rate Change Failed?
In an interview for the BBC, David Cameron has claimed that the VAT Rate Change has failed, saying "The VAT cut has been an unbelievable and expensive failure." When we look at the numbers, it's hard to say otherwise - even after that VAT rate change, the numbers of shoppers was down in December compared to previous years data. Compared to last year, retail footfall was down 3.1% in December from a year earlier, traditionally a busy period in the run up to Christmas. On the VAT
How To Deal With The Vat Rate Change - Tips For Businesses
With the VAT rate change coming in on the first of December, companies across the country are scrambling to be ready in time. Here we go though some tips for companies trying to deal with the upcoming VAT rate change. Companies that do not identify VAT on customer receipts can continue to work as they did before. As a company, you do not have to reduce your prices. Of course, the government is trying to get business to pass the savings on to customers, however, there is nothing t
Make The Most Of The Vat Rate Change - Whos Offering The Price Cut?
As we have covered in previous posts, there are many companies that have decided against offering the 2.5% VAT Rate Cut to it's customers. While 2.5% may not be a whole lot, the goverment was offering this VAT Rate Change to try and do something for the consumers, therefore it is only right that you get in on the act! Here, we are listing some of the stores, websites and companies that are passing on the cut in VAT to it's customers. If you want to be added to this list, please post a comment
Vat Rate Cut Comes Into Force
While the VAT Rate Change came into force today, many companies and stores were still racing to get their systems updated and the prices in line. Early signs for the companies that did get it done in time however, were positive. Even some major department stores were facing struggles, and some stores will not be bringing in the reduced prices until Wednesday. On the other hand, many companies have already introduced the new prices. Initial signs suggest that there has been a
What Will Things Cost After The Vat Rate Change?
With the VAT Rate changing from 17.5% to 15%, suppliers are supposed to pass on the reduced VAT rate to you, the consumer on all standard VAT goods. So how much should things cost now? Full rate 17.5% VAT items thought to be changing to 15% *Ford Mondeo Current price: £15,995; new price: £15,175.26 Saving: £819.74 *Big Mac meal Current price: £3.79; new price: £3.60 Saving: 19p Article Continues Below: