VAT threshold to be lowered?

[rpm]

OTS publishes its first review of VAT - GOV.UK

 

[Last Plumber]

OTS publishes its first review of VAT - GOV.UK

"Tibetan goat skin are standard-rated. And a ginger bread man with chocolate eyes is zero-rated but if it has chocolate trousers it would be standard rated".

Absolutely insane!
Who would know that?

What if he was eating a Jaffa cake?

Jaffa cakes are classed as cakes 0%, Not a biscuit at 20%. Therefore if you had a Gingerbread man wearing a Tibetan Goat skin and Chocolate Trousers whilst eating a Jaffa Cake, You would need the Corgi people with the VAT saver to do your calcs for you and take their 25%, of course ......Plus VAT?


Why are his eyes Zero rated but not his Trousers. ?

What if he wears Chocolate sunglasses??

Is he running down Drury lane shouting you can't catch me Mr VAT man???

WHO gets paid to think up this crap and how much?

 

[rpm]

WHO gets paid to think up this crap and how much?

EU ministers that`s who LP.

 

[townfanjon]

this has been coming for a while IMO

 

[Last Plumber]

It has been on the cards.
I am VAT registered so it doesn't bother me and I do benefit from it.

I can see how it peeves people though.

 

[Gasmk1]

if it happens i am jacking it in i was vat registered when i started but came off it after a few years.

 

[Chalked]

It's about time as were all on a level playing field.

 

[townfanjon]

I am not vat reg and dont want to be either , but if everybody was on a level playing field as Chalked says it would be fairer .
But un paid tax collector, no thanks

 

[Last Plumber]

But un paid tax collector, no thanks

That's true. You get no thanks!

 

[helpsy]

"Tibetan goat skin are standard-rated. And a ginger bread man with chocolate eyes is zero-rated but if it has chocolate trousers it would be standard rated".

Absolutely insane!
Who would know that?

What if he was eating a Jaffa cake?


Jaffa cakes are classed as cakes 0%, Not a biscuit at 20%. Therefore if you had a Gingerbread man wearing a Tibetan Goat skin and Chocolate Trousers whilst eating a Jaffa Cake, You would need the Corgi people with the VAT saver to do your calcs for you and take their 25%, of course ....Plus VAT?


Why are his eyes Zero rated but not his Trousers. ?

What if he wears Chocolate sunglasses??

Is he running down Drury lane shouting you can't catch me Mr VAT man???

WHO gets paid to think up this crap and how much?

The difference between a cake and a biscuit is something like... if left out in the open a cake goes hard and a biscuit goes soft...if I recall correctly.

 

[SimonG]

Ah well no reduction in vat threshold. Happy days.

 

[townfanjon]

Ah well no reduction in vat threshold. Happy days.

Yep , for the moment at least lol .

 

[helpsy]

It's about time as were all on a level playing field.

Apart from the weekend warrior.....cash please luv!

 

[Harvest Fields]

Ah well no reduction in vat threshold. Happy days.

Frozen for 2 years

 

[helpsy]

I believe the threshold for taxation purposes in the UK is POSSIBLY the highest in the world. I think in France it is/was about £5K

 

[Harvest Fields]

I believe the threshold for taxation purposes in the UK is POSSIBLY the highest in the world. I think in France it is/was about £5K

It is the Highest