vat UP-

[girltankette]

Does this VAT apply to ebay or other online purchases that are made outside the country tax also?
Fortunately the US does not have this Tax YET!

Thanks
Karen/Girltankette

[sparks]

Hi Karen,
Yeah, if we buy outside the EU we have to pay duty/tax on the product.
God bless America
sparks

[DerStiervonScapaFlow]

Diesel's £1.39 point something up here and petrol £1.36 point something.

[twelvebears]

I'm not so bothered by the VAT increase on one-off purchases (I mean if you're spending £1000 on a TV, £25 is neither here nor there really), but the price of fuel is a major consideration.

I do about 21k miles per year because of a 90+ mile round trip commute, so my next car purchase will be based almost completely on how close it comes to running on air......

[wibblywobbly]

Only one thing is certain in scientific research. Whoever discovers free energy will charge a fortune for it.

On the subject of VAT, the government have ignored a basic concept.

It is % based.

So if Product 'x' costs £100, then the VAT is £20.

If the retailer is losing sales at £120, they will reduce the price of the product.
While they are losing sales, the government gets £0.00 in VAT income.

If the retailer then charges £80 for product 'x', then the government only gets 20% of £80, which is less than £20.

See how it works?

People will buy less, retailers will charge less, sales will drop, the economy will deflate, and we end up in a bigger mess than we are in already.

[brizo58]

Hi All
If the con-dems have there way none of us will have a job so no one will buy anything at all, so no one gets anything , SO it"s get the con-dems out of power as soon as poss . Well i feel better for that By ALL....Brian