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I'd have to say that the question is: why on earth would it? Prices to consumers are set post-vat to hit so-called consumer price-points (1.99, 1.49 etc), to show undercutting of a competitor, or to match the "norm" e.g. petrol.
Even in the large retaillers who are "setting an example" I don't expect them to stay off price-point for very long.
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential. Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
My company has passed on the cut. However, this actually comes at a cost because things like brochures & pricelists must now be thrown in the bin and reprinted, great for the environment, ask argos how many they've thrown out!! For some larger suppliers the re-print will need to be done on a smaller scale because the cut is temporary.
I work for the NHS in the South West in IT and one of the roles is the management of the Purchasing system. We have just implements the change in VAT rate to ensure thae orders placed today quote the correct rate.
Frederickson - CCA Sent 11/4/07 - Lost - Claiming back from post office
Connaught Collections - CCA Sent 11/4/07 - No Agreement - returned to client
Lowell - CCA sent 11/4/07 - No agreement - returned to client
Moorcroft - CCA Sent 11/4/07 - No Agreement - returned to client
Red Castle - CCA Sent 11/4/07 - Copy returned but no T&C's
Robinson Way - CCA Sent 16/5/07
The question should be - what is our corrupt governments angle on this supposed gesture . . . they're all fanny merchants, who only change the rules to suit themselves . . .
And no, i dont think it'll be passed on - it'll just be more disguised, slight of hand, christmas-cracker psychological governmental twoddle . . .
just about to call betta living as have a kitchen being delivered on monday. altho initially they say the invoice already done..
I heard on Radio 4 today that if your goods are not yet delivered then they are capable of coming under the new VAT rate
Please don't pm me about specific questions unless you have posted and it has not been dealt with or unless the matter is confidential. Please include a link to the post you want me to look at. If you have received a defence, contact me.
Advice & opinions of BankFodder, The Consumer Action Group and The Bank Action Group are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts.
The Treasury said that the cheaper products are part of a package of measures which, taken together, should boost the economy.
Part of a package.. That's quite a commonly used term these days isn't it. This is always a nice way of saying "if this turns out to be a turd, we can say its part of a package, not a plan in itself". Then just hope to god that some of the other parts of the 'package' actually work..
Frederickson - CCA Sent 11/4/07 - Lost - Claiming back from post office
Connaught Collections - CCA Sent 11/4/07 - No Agreement - returned to client
Lowell - CCA sent 11/4/07 - No agreement - returned to client
Moorcroft - CCA Sent 11/4/07 - No Agreement - returned to client
Red Castle - CCA Sent 11/4/07 - Copy returned but no T&C's
Robinson Way - CCA Sent 16/5/07
My local Shell petrol station is charging 90.9p per litre today (The recipt shows vat at 15%)
I also paid 90.9p last week.
Dangermouse
Excise duty has been raised by 2% on fuel,tobacco and alcohol and this will all but cancel out any vat reduction,you may well see a price rise in the next few days.
I heard on Radio 4 today that if your goods are not yet delivered then they are capable of coming under the new VAT rate
And just as equally NOT. The final arbiter is the 'tax point' used on the invoice. If the invoice is date BEFORE 1/12/08 then the original VAT rate applies, irrespective of the subsequent reduction.
Excise duty has been raised by 2 on fuel,tobacco and alcohol and this will all but cancel out any vat reduction,you may well see a price rise in the next few days.
Nope - it's been increased by 6%
There was a major complaint from the Scottish Whisky Distillers at the hike in alcohol duty.... Mr Darling did a u-turn and Scotch Whisky is now exempt from the 6 increase. They're just making this up as they go along.
I don't think any company is obliged to reduce their prices although they have to reduce the VAT.
If GB and his crony clown Darling really wanted to kick start the economy, they should have reduced council tax and duty paid on fuel. That way the majority of us would have felt the difference.
As we hardly ever buy big items, the 2.5% is not going to make any difference to us especially as I have been made redundant!
What about direct debits? I have one for Fitness First. If they decide NOT to pass on the VAT reduction, must they write to me and tell me their prices have gone up? (even though the amount of the direct debit does not change). Fitness First customer services say that they "don't know yet". There is apparently a directors meeting tonight (1st December), where they will decide.
Who cares? What is it going to achieve? Who really believes it will get people spending? If you don't have money in the first place, how is a 2.5% reduction in VAT going to make any difference? If I can't afford an item worth £100, the fact that it may cost me now £97.50 (if my math's right, no guarantees there ) is not going to get me to the shops.
For goodness sake, I can't be the only one who thinks that even a 10% discount is barely worth the trouble, so 2.5%? I'd spend more than that on the fuel to get me there!
Apologies to people who I was in the process of helping, I may be gone some time.
The Consumer Forums
Is the VAT reduction being passed on?
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Originally Posted by BankFodder
altho initially they say the invoice already done..
) is not going to get me to the shops.