VAT reduction

I note from the PN Bloggs that they will pass on the VAT reduction, and also reimburse those people who have already paid in advance. Many thanks.

I look forward to paying 30p per month less. Unfortunately for Mr Brown
I still have little left for discetionary spending!

Meldrew

In reply to:

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and also reimburse those people who have already paid in advance.

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We all pay in advance - why bother as it'll balance itself out when VAT rate goes back up. We would still get 13 months at a slightly reduced amount.

The invoice date/tax point is what actually determines VAT rate applicable. Were I to still be VAT registered I'd apply 17.5% to all invoices up to 30th Nov and 15% to all invoices from 1st Dec 2008 until 31st Dec 2009. I'm sure that my "friendly" VAT inspector wouldn't argue with that

I received the letter about that from HMRC on Wednesday. I can choose.

Edited by RobertoS (Thu 27-Nov-08 10:13:10)

Ye gods, what do you want out of life, at the end of the year you will have enough for another pint of beer. Accept this great gift with gratitude, and don't let me catch you not buying that pint and hoarding the money under the bed, where it dropped out of your pocket.

"...at the end of the year you will have enough for another pint of beer...."

But..but..but...the tax on beer has gone up:(