Jon Ison
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 posted on 22/6/10 at 12:22 PM |
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VAT
ok, what do I do, increase prices by 2.5% in January and sell nothing or do as others will have to do and soak it up.
So much for helping the small business ?
The most unthought of increase announced today that will hit small business very hard, and you want me to vote Tory, dont think so.
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jabbahutt
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| posted on 22/6/10 at 12:24 PM |
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Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
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Bluemoon
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| posted on 22/6/10 at 12:25 PM |
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Agreed but we are going to pay some how.. Real worry is if VAT will ever come back down!
Dan
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Jon Ison
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| posted on 22/6/10 at 12:30 PM |
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quote:
Originally posted by jabbahutt
Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
Nothing at all to do with our overpaid city gents then ?
Are you going to buy from us when we are 2.5% more expensive than the next guy ?
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nitram38
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| posted on 22/6/10 at 12:33 PM |
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quote:
Originally posted by jabbahutt
Don't forget though that all this grief now has been caused by the previous shower of sh%t running our economy into the deck.
Are you totally sure about that?
I think the banks have got a "get out of jail free" card.
Why is it they are still getting bonuses after the tax payer bailed them out?
Didn't hear a word about the banks paying anything back but I've heard plenty about the tax payer footing the bill.
I remember the "good old days" under tory rule.
Record unemployment, 15% interest on mortgages, schools falling apart, 30 year old books, record house repocessions.
How short a memory people have.
All I can say is goodbye to free nurseries, after school care, classroom assistants, things now taken for granted
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Neville Jones
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| posted on 22/6/10 at 12:40 PM |
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Who was it that dismantled the engineering and manufacturing capabilities of this country? Said it was going to be a country of 'service
industries'.
How do you balance trade and pay off national debt when you have nothing tangible, manufactured, to trade with?
I'm off to aus in a few weeks, thank goodness!!!
Cheers,
Nev.
[Edited on 22/6/10 by Neville Jones]
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turbodisplay
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| posted on 22/6/10 at 12:47 PM |
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Reducing VAT to 15% didn`t change my spending, so in theory raising to 20 won`t either ...........................
I think I would prefere to have 20% VAT than end up like greece though.
Darren
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NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
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stevebubs
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| posted on 22/6/10 at 12:48 PM |
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quote:
Originally posted by someone up above
Didn't hear a word about the banks paying anything back
£2bn/year levy...?
[Edited on 22/6/10 by stevebubs]
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Jon Ison
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| posted on 22/6/10 at 12:50 PM |
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quote:
Originally posted by turbodisplay
Reducing VAT to 15% didn`t change my spending, so in theory raising to 20 won`t either ...........................
I think I would prefere to have 20% VAT than end up like greece though.
Darren
You missed my point, you wont be paying any more VAT, it will have to be soaked by small business such as ours. It could easily put us out of business
and onto the dole, then I'll be in your pocket after your tax.
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BenB
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| posted on 22/6/10 at 12:53 PM |
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I think the VAT increase is very unfair because it effect people across the board. And it's particularly annoying seeing as old Davy boy said
there wasn't going to be an increase in VAT after the lib dems warned people about the Tory plan... Doh!
Although I have to say having everyone applying for disability living allowance do a medical is a very good idea. The current system just cracks down
on the vulnerable (ie the people who actually need the DLA) whilst the lead-swingers find it all too easy to play the system....
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blakep82
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| posted on 22/6/10 at 01:01 PM |
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no ones ever going to be happy with any budget, no matter who delivers it. the only think i've heard is VAT is up, and drink duty remains the
same.
wouldn't have been like this if the last government weren't so crap. its always the same, labour run it into the ground, tory have to try
and rebuild it increasing taxes.
labour wee everyone off by ruining it, tory wee everyone off by trying to fix it.
________________________
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don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
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nitram38
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| posted on 22/6/10 at 01:03 PM |
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quote:
Originally posted by blakep82
no ones ever going to be happy with any budget, no matter who delivers it. the only think i've heard is VAT is up, and drink duty remains the
same.
wouldn't have been like this if the last government weren't so crap. its always the same, labour run it into the ground, tory have to try
and rebuild it increasing taxes.
labour wee everyone off by ruining it, tory wee everyone off by trying to fix it.
I seem to remember the tories running it into the ground too!
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jabbahutt
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| posted on 22/6/10 at 01:04 PM |
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I said that it was the previous Government running the econmony into the deck. Then points of view were posting about the banks getting away without
paying money back.
So which Government lent the money to the banks without any sort of concrete contract in place for repaying the money? And as with any financial loan
why wasn't the cash acrueing interest whilst the loan was outstanding?
As a country we've got ourselves into a right hole and unfortunately there is no pain free way to get back out.
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turbodisplay
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| posted on 22/6/10 at 01:11 PM |
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I will be paying more VAT, I buy components from companies that advertise ex VAT prices, yet will still sell at the same price.
So i will be affected.
Darren
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NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
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nitram38
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| posted on 22/6/10 at 01:11 PM |
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quote:
Originally posted by jabbahutt
I said that it was the previous Government running the econmony into the deck. Then points of view were posting about the banks getting away without
paying money back.
So which Government lent the money to the banks without any sort of concrete contract in place for repaying the money? And as with any financial loan
why wasn't the cash acrueing interest whilst the loan was outstanding?
As a country we've got ourselves into a right hole and unfortunately there is no pain free way to get back out.
Mmmmmm keeping people working would be a good start!
Putting loads of people on the dole is going to increase our burden not reduce it.
More people working means, money in the economy moving around and more tax paid into the system.
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jabbahutt
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| posted on 22/6/10 at 01:16 PM |
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Sorry Nitram I'm missing your point in the last post? I agree that the more people working then the more tax you generate etc.
But what has that got to do with lending billions to the banking industry without any sort of concrete contract stating when it will be repaid and
what sort of interest will be charge for borrowing the money in the first place.
Labour lent that money out without any sort of contract in place that it will be repaid. If it was all repaid and with interest then maybe this
thread would be talking about a rise of 1.25% not 2.5%
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jabbahutt
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| posted on 22/6/10 at 01:19 PM |
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Also if Government as a whole stopped p$ssing our money away then taxes wouldn't need to go up.
Example the welsh assembly last year spent £34,000 of our money on hiring plants and paying for them to be watered!!
Not exactly essential spending required to keep a country running is it.
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nitram38
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| posted on 22/6/10 at 01:22 PM |
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Why a contract?
All they had to do is change the budget rules, just like the tories have.
I think that creating a recovery and paying back is better than trying to pay back before.
You can't pay what you don't earn.
Taken from sky news on the budget speech : The OBR says unemployment will peak this year at 8.1%, then fall each year to reach 6.1% in 2015
So this is acceptable?
I'll wait until you are one of the 8.1% and then we will see if you champion the tories then!
It took me nearly 15 years to rebuild my life after the last tory government and I fear I'll be a victim again.
[Edited on 22/6/2010 by nitram38]
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turbodisplay
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| posted on 22/6/10 at 01:24 PM |
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Amazingly america lent monet out with the same cavalier attitude.
At the least it should have had a stipulation that money lending will continue as before.
Darren
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NOTE:This user is registered as a LocostBuilders trader and may offer commercial services to other users
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loggyboy
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| posted on 22/6/10 at 01:40 PM |
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It wont effect my buying decisions.
If i was planning on making 'big purchases' around that time then id make sure I bought them before the rise, but in the big scheme of
things it shouldnt change peoples buying levels.
As it is, everyone earning is saving £200 a year with the increase of the tax free allowance.
I wouldnt complain if any business put its prices up inline with the VAT rise, at the end of the day, id rather pay a small amount more to keep the
business that I use running.
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jabbahutt
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| posted on 22/6/10 at 01:46 PM |
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Nitram
It wouldn't suprise me if I didn't end up as one of the 8.1% unemployed but as I've already been made redundant 3 times during the
last government it won't be a new experience. We're definately on different tracks with this whole thread though.
I don't disagree that it is better to keep as many people in jobs as possible. What I don't agree with is lending billions of pounds of
our money to companies with no firm idea of when we'll get it back only to see them within less than a year turn large profits but make no
effort to replay the outstanding loan.
Still last time I checked we're priviledged to live in a country where it's welcomed to hold differing views on all subjects so I guess
we'll just have to agree to disagree on this one.
[Edited on 22/6/10 by jabbahutt]
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MikeRJ
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| posted on 22/6/10 at 01:47 PM |
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quote:
Originally posted by nitram38
I remember the "good old days" under tory rule.
Record unemployment, 15% interest on mortgages, schools falling apart, 30 year old books, record house repocessions.
How short a memory people have.
Once again they were left to clean up after Labour had crippled the country. History appears doomed to repeat itself because of peoples short
memories...
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blakep82
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| posted on 22/6/10 at 01:57 PM |
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quote:
Originally posted by MikeRJ
quote:
Originally posted by nitram38
I remember the "good old days" under tory rule.
Record unemployment, 15% interest on mortgages, schools falling apart, 30 year old books, record house repocessions.
How short a memory people have.
Once again they were left to clean up after Labour had crippled the country. History appears doomed to repeat itself because of peoples short
memories...
lol +1!
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
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boggle
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| posted on 22/6/10 at 02:00 PM |
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what happend with the tax credit system?
just because you are a character, doesnt mean you have character....
for all your bespoke parts, ali welding, waterjet, laser, folding, turning, milling, composite work, spraying, anodising and cad drawing....
u2u me for details
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jabbahutt
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| posted on 22/6/10 at 02:02 PM |
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To answer you question I believe that anyone with a joint income in excess of 40k will lose tax credits.
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