- Paul - Posted June 22, 2010 Share Posted June 22, 2010 From January 4th next year UK VAT rise to 20% Link to comment Share on other sites More sharing options...
Cambon Posted June 22, 2010 Share Posted June 22, 2010 From January 4th next year UK VAT rise to 20% Good - That is £9-10 million a year to help fill the VAT black hole. Link to comment Share on other sites More sharing options...
b4mbi Posted June 22, 2010 Share Posted June 22, 2010 From January 4th next year UK VAT rise to 20% Good - That is £9-10 million a year to help fill the VAT black hole. And that's calculated how Cambon?? As far as I was aware, the exact calculation for the Revenue sharing agreement was not in the public domain?? Link to comment Share on other sites More sharing options...
Cambon Posted June 22, 2010 Share Posted June 22, 2010 And that's calculated how Cambon?? As far as I was aware, the exact calculation for the Revenue sharing agreement was not in the public domain?? Here say - It is the amount reported when VAT went back up from 15% to 17.5% earlier this year. I have no reason to disbelieve it, although it is probably low. Link to comment Share on other sites More sharing options...
Mutley Posted June 22, 2010 Share Posted June 22, 2010 Some opportunities for the IOM here also... http://news.bbc.co.uk/1/hi/technology/10374867.stm This is a multi-billion pound industry so if we could attract more of it here t'would be good. Link to comment Share on other sites More sharing options...
Slim Posted June 22, 2010 Share Posted June 22, 2010 As far as I was aware, the exact calculation for the Revenue sharing agreement was not in the public domain?? It is public now, available all over the place, including: http://www.isleofmanpensionersassociation.com/freeinfo.htm Link to comment Share on other sites More sharing options...
Rog Posted June 22, 2010 Share Posted June 22, 2010 I really think that there’s a total disregard for The Elephant in the Dining Room. Unless there’s something comes along to generate earnings for the IOM to pay the bills the IOM runs up reliance of any tax is a nonsense. And the bills the IOM runs up are for things like food, fuel, consumables, in fact the majority of the essentials of life. The FS is finished, it’s in its death throes. Anyone who thinks otherwise is kidding themselves. Link to comment Share on other sites More sharing options...
b4mbi Posted June 22, 2010 Share Posted June 22, 2010 As far as I was aware, the exact calculation for the Revenue sharing agreement was not in the public domain?? It is public now, available all over the place, including: http://www.isleofman...om/freeinfo.htm ta Slim. Link to comment Share on other sites More sharing options...
Tempus Fugit Posted June 22, 2010 Share Posted June 22, 2010 with the timescale for the introduction of 20% it looks like an impetus for a spending spree to kick start sales, but with a slump when it goes up ! Won't make business spend on new stuff as they just reclaim the vat, so it's just aimed at the end users shop early for christmas ! Link to comment Share on other sites More sharing options...
Albert Tatlock Posted June 22, 2010 Share Posted June 22, 2010 shop early for christmas ! My Christmas is usually over by Jan 4th. I want what you drink at xmas. Link to comment Share on other sites More sharing options...
Mutley Posted June 22, 2010 Share Posted June 22, 2010 with the timescale for the introduction of 20% it looks like an impetus for a spending spree to kick start sales, but with a slump when it goes up ! An extra 2.5% VAT won't make a huge difference. For a £50 present that means £1.25 more to pay. However that won't stop the herd panic buying. Link to comment Share on other sites More sharing options...
- Paul - Posted June 22, 2010 Author Share Posted June 22, 2010 On a general issue, it is interesting to mark that the new UK coalition has in this budget, firmly indicated an intention to resolve the current debt crisis by all means required. Grabbing the problem by the scruff of the neck and getting on with it. To my mind a stark difference to Arkwright and the legion of doom shuffling paperclips around, calling old things by new names and generally prevaricating thus avoiding making any decisions that might bounce back on them. Link to comment Share on other sites More sharing options...
b4mbi Posted June 22, 2010 Share Posted June 22, 2010 with the timescale for the introduction of 20% it looks like an impetus for a spending spree to kick start sales, but with a slump when it goes up ! An extra 2.5% VAT won't make a huge difference. For a £50 present (net price) that means £1.25 more to pay. However that won't stop the herd panic buying. fixed re-fixed Link to comment Share on other sites More sharing options...
b4mbi Posted June 22, 2010 Share Posted June 22, 2010 with the timescale for the introduction of 20% it looks like an impetus for a spending spree to kick start sales, but with a slump when it goes up ! An extra 2.5% VAT won't make a huge difference. For a £50 present that means £1.25 + (£7 to include the resultant inflation by then) more to pay. However that won't stop the herd panic buying. fixed re-fixed Re-mixed Re-maxed Link to comment Share on other sites More sharing options...
Slim Posted June 22, 2010 Share Posted June 22, 2010 Unless there's something comes along to generate earnings for the IOM to pay the bills the IOM runs up reliance of any tax is a nonsense. The FS is finished, it's in its death throes. Anyone who thinks otherwise is kidding themselves. Based on what evidence Rog? Unless you've got something to back this, it's just more doomery bollocks. Link to comment Share on other sites More sharing options...
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