[Bob Robertson]

Chancellor George Osborne increased VAT from 17.5% to 20%. Will this mostly effect the bigger Franchises and VAT registered carpet cleaners on there pricing structure?


Bob

[MAX Carpets]

The dust will settle............as always.

[wynne jones]

At last a budget for the givers and not the takers!

[martin19842]

hi there

a few years ago, when VAT was put on energy bills, people were prepaying to save the 5%, therefore there might be a possibility to prepare for some items, ie mobile phones, etc to make the 2.5% saving, keep an eye on it.

alternatively

what you could do is offer your regular clients, or contract clients, invoice them in december 2010, get them to pay in 2010, and then they get there work done at 2010 rates.

you then hold the money in a deposit account, earn a very little bit of interest, and carry out the work to the agreed schedule.

regards

martin

[Len Gribble]

I would have started it from 1st July 2010. As for public sector wage cap dose that include their bonuses the list is endless 

[Neil Williams]

Will this mostly effect the bigger Franchises and VAT registered carpet cleaners on there pricing structure?

So if you were spending £100 on carpet cleaning it will now cost £102.50
Basically £2.50 extra on top of every £100 spent, hardly likely to break the bank is it?

[happy mondays]

Will this mostly effect the bigger Franchises and VAT registered carpet cleaners on there pricing structure?

So if you were spending £100 on carpet cleaning it will now cost £102.50
Basically £2.50 extra on top of every £100 spent, hardly likely to break the bank is it?

either your very drunk Neil  or ive got sun stroke 20% of £100 is £20, I think what you mean is rather than it costing J public £117.50 it will cost them £2.50 more (£120)

Dont get me started on vat, as I think it is one big farce  : 

[Griffus]

Will this mostly effect the bigger Franchises and VAT registered carpet cleaners on there pricing structure?

So if you were spending £100 on carpet cleaning it will now cost £102.50
Basically £2.50 extra on top of every £100 spent, hardly likely to break the bank is it?

VAT makes it difficult to be competetive on Domestic work. The extra 2.5% might not seem like a lot but it will put people off, even if due to VAT's profile being raised to the forefront of peoples minds.



 

[Colin Day]

I thought that Westy, but I know where he's coming from...

Thing is, when the last lot of muppets dropped VAT to 15%, everybody said "Big Deal!"..... Works the same the other way round for me!!!!

[Neil Williams]

Westy, I'm already vat registered so with effect Jan 2011 my customers will in effect be paying me an extra £2.50 for every £100 there were already paying me.
The hundred pounds mentioned already included vat, perhaps I should have said whereas it was £100 net meaning it cost the customer £117.50 now it will cost £120

[Bob Robertson]

Neil

The guy charging £100 no vat will be more appealing than the £100 + vat (£120) It might not be a bank breaker to you but it could be to the custy.

Bob

[wynne jones]

I think you will find when we have become accustomed to it they will take it to 22.5%

[happy mondays]

Westy, I'm already vat registered so with effect Jan 2011 my customers will in effect be paying me an extra £2.50 for every £100 there were already paying me.
The hundred pounds mentioned already included vat, perhaps I should have said whereas it was £100 net meaning it cost the customer £117.50 now it will cost £120

Yea, its another £2.50 more for every £100 spent, like I said its one big farce, I cant really see how anyone can agree this 2.5% increase in tax is a good thing and a meaningless small amount, it wont do yours or any other business selling to non vat registered customers any favours at all.  

[Simon@arenaclean]

strikes me as odd the increase in vat is not effective sooner, why wait until Jan? Ok it will give everyone time to get use to it. Maybe they hope things will be better and they can look like good guys when they don't implement it. Anyway it will re-focus my mind to thinking of Prowlers and truck mounts, 2.5% of a few thousand is worth saving.

Simon

[happy mondays]

strikes me as odd the increase in vat is not effective sooner, why wait until Jan? Ok it will give everyone time to get use to it. Maybe they hope things will be better and they can look like good guys when they don't implement it. Anyway it will re-focus my mind to thinking of Prowlers and truck mounts, 2.5% of a few thousand is worth saving.

Simon

Saving... what? if your vat registered it wont make any difference as you will claim it back  if your not vat reg it will cost you 2.5% more  your not going to save anything mate  :

[Andrew Briscoe]

Its swings and roundabouts really,
vat reg get all vat back on purchases,
non reg get it back offsetting it as a cost against the business.

Just been thinking, he didnt put fuel up in price,
however the vat will kick it up a bit next Jan

Fuel at moment (diesel) is £1.02 + 18p vat/ litre total £1.20 ( average price)
vat increase 1.02 + 20 % =  £1.22  1/2 p
making an 80 litre tankfull £2 dearer. 

Andrew

[John Kelly]

Vat is obscene as it hits everyone, even kids. It was brought in by Ted Heath as a luxury tax, didn't stay that way for long. Doubt it will ever go down again.
Now I may be thick but I think theres a rabbit off here. The uk economy was doing very nicely, most people I know have had the best ten years of their lives financially, a couple of them are now paper millionaires.
Then greedy mortgage brokers in the US knacked it all.
The last Labour government then had to bail the banking system out to the tune of 850 Billion pounds to prevent it collapsing. We have a deficit now of 150 billion.
Personally I think thats bloody marvellous considering what they had to spend.
And don't forget most of that money is going to be paid back by the banks, more than enough to clear the deficit. This is depending on the economy recovering and the banks becoming more stable. I think this is now more unlikely as the 25% budget cuts to the public sector kick in. A lot of you will have a lot of public sector workers as customers so they are going to be a lot less likely to be spending at the minute until things are more clearer.

[Simon@arenaclean]

strikes me as odd the increase in vat is not effective sooner, why wait until Jan? Ok it will give everyone time to get use to it. Maybe they hope things will be better and they can look like good guys when they don't implement it. Anyway it will re-focus my mind to thinking of Prowlers and truck mounts, 2.5% of a few thousand is worth saving.

Simon

Saving... what? if your vat registered it wont make any difference as you will claim it back  if your not vat reg it will cost you 2.5% more  your not going to save anything mate  :

If I spend £6000 now whilst vat is 17.5% it will cost me £7050

If I spend £6000 in Jan vat will be 20% it will cost me £7200

Not vat registered just saved £150. Better in my pocket than anyone else's 

Unless I missed a wider point?


 

[happy mondays]

strikes me as odd the increase in vat is not effective sooner, why wait until Jan? 

Simon

Oh I understand what you meant now Simon.. Why post the above then  I cant for the life of me understand why anyone would want it to go up.

Regards,

Paul

[Dennis]

Its swings and roundabouts really,
vat reg get all vat back on purchases,
non reg get it back offsetting it as a cost against the business.

Just been thinking, he didnt put fuel up in price,
however the vat will kick it up a bit next Jan

Fuel at moment (diesel) is £1.02 + 18p vat/ litre total £1.20 ( average price)
vat increase 1.02 + 20 % =  £1.22  1/2 p
making an 80 litre tankfull £2 dearer. 

Andrew

Don't forget the 1p rise in October is still on.