VAT

[Whorty]

I don't think it was to save punters money, but to save companies from going under

FTFY

[d000hg]

I'm surprsied anyone is passing the VAT savings on to non VAT-registered customers.

A token price reduction I suppose is good advertising while allowing the company to keep most of the cash.

The worry would be when VAT is reverted, everyone puts prices up 20% "because of VAT".

[AtW]

Meal subsidy from next month should really increase margins, pretty stupid trying to pocket some VAT, will just piss off customers

[d000hg]

Most customers don't have any clue what VAT is.

[AtW]

Most customers don't have any clue what VAT is.

They do now

[LondonManc]

If those fookers wanted to give businesses extra margin they could have just done VAT refund instead of pittining businesses against their customers demanding full pass on

If it gets to social media, I'm sure the Daves and Karens will pick up on it. They're already virus and racial equality experts, economics and maths shouldn't be beyond them. They can then have a high six after their campaign succeeds.

[elsergiovolador]

“ McDonald’s is cutting 20p off the cost of a Big Mac and 40p off a Happy Meal at most of its restaurants, while Nando's is lowering the price of a quarter Peri-Peri chicken from £4.25 to £3.70.

However, many of the price reductions are significantly smaller than the reduction in VAT, which has been cut from 20 per cent to 5 per cent, and many hospitality businesses have yet to announce price cuts at all.”

VAT cut: Big chains reduce prices — but not all go the whole hog | News | The Times



Where is the Mor On who advocated virtues of VAT cuts?

We live in a high tax low margin economy, so companies will take every opportunity to increase their margins if it won't affect sales.

[DoctorStrangelove]

We live in a high tax low margin economy, so companies will take every opportunity to increase their margins if it won't affect sales.

You ain't seen nothing yet, trust me on that.

[elsergiovolador]

You ain't seen nothing yet, trust me on that.

I wouldn't be surprised if one day we will get government issued debit cards with daily allowance and all salary you make (there will be no contracts) will go to HMRC. I think at one time HMRC actually had plans to implement this.

[AtW]

We live in a high tax low margin economy, so companies will take every opportunity to increase their margins if it won't affect sales.

Yes, Gricer, obviously - that’s why publicly cutting VAT is Mor Onic move