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General photography questions and answers: Discuss The Vat changes will cost photographers 1% of their turnover...Like most photographers I am on the flat rate scheme. This means I collect 17.5% but pay the Vat man ...
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Old 27-11-2008, 01:20   #1 (permalink)
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The Vat changes will cost photographers 1% of their turnover

Like most photographers I am on the flat rate scheme. This means I collect 17.5% but pay the Vat man 9.5%. In exchange I can't reclaim any purchase under 2000. As no one could have failed to notice VAT is coming down by 2.5% BUT the flat rate is only coming down by 1.5% so we will be worse off by 1% as will most small businesses that turn over less than 225000.
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Old 27-11-2008, 09:34   #2 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

All the changes that have been made are nothing more than vote winners from the short sighted people. The government is plunging the UK into a debt strangled country and everyone will have to pay for that in the long term.
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Old 28-11-2008, 18:29   #3 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

Oh come on Steve, let's know what you really think!

This government has a deeply held hatred of small business. That ever so nice Dawn Primarolo made the government's position quite clear when, the House of Lords having given them a bloody nose over the notorious IR35, she said that they would find ways of getting round the ruling to stop 'these cheats' from trading legitimately.

"Red Dawn's" intransigent response to the Lords' ruling is widely credited with having cost the Government a second bloody nose in the same venue when the Lords threw out their attempt to revitalise the arcane and downright geriatric Section 660A in the 'Arctic Systems' case.

Unbowed, darling Alistair then attempted to bring in a 'Family Income Tax' but had to back down on that, when it became clear that half his own party had signed the early day motion against it and were sufficiently ****ed with him to vote against all his proposals, if he tried to pitch it in with the emergency measures.

In other words, Vinny, just because you're feeling paranoid doesn't mean they're not out to get you!
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Old 29-11-2008, 23:04   #4 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

im not up on small businesses etc and so forth, but i actually thought that the vat cut was to encourage people to spend....... i fail to see how saving 2.50 after spending 100 will encourage anyone!
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Old 30-11-2008, 01:26   #5 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

As Steve said nothing but a election winner, certainly does'nt encourage me to vote for them. I believe this miserable 2.50% is the max allowed under eec rules. Notice although petrol prices are coming down the price of deisel is still high, as most retailers have deliveries by trucks which all nowadays use deisel the price of goods will remain high to pay for the fuel. SNP gets my next vote.
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Old 30-11-2008, 10:12   #6 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

snp have always had mine
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Old 30-11-2008, 11:55   #7 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

Quote:
Originally Posted by fionaB View Post
im not up on small businesses etc and so forth, but i actually thought that the vat cut was to encourage people to spend....... i fail to see how saving 2.50 after spending 100 will encourage anyone!
You actually don't save 2.5%, as VAT is added to base price , so full price = 117.5% . Take away 2.5% vat now = 115% or equivalent to 2.13% saving on full price

So you save 2.13 on 100
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Old 30-11-2008, 15:57   #8 (permalink)
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Re: The Vat changes will cost photographers 1% of their turnover

I can see it now they will be queuing around the block Prices slashed by 2.13% !!
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