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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
Vat Rate Change Comes Early
In a bid to attract customers over the weekend, some of the largest companies in the UK are offering 'VAT rate cut' prices already, and many more will be doing the same in the days leading up to the official rate change. Currys, PC World and Dixons started passing the cut on as soon as it was announced, in a bid to attract more customers to their stores and websites. A spokesman for the parent company said: "We felt it was right thing to do, even though it was complicated. We al
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: