HMRC are shafting us again with the VAT chages.

[northernladuk]

I expect you also need to buy spanners and stuff

Yeah dam grease monkies!! lol

[Fred Bloggs]

True, but looking on the bright side you (engineering) were gaining 4%, in January you will be gaining 4.5% on the FRS!

Hmmmmm.............

[Sally BFCA]

It seems engineering consultancy (that's me) and finanicial services are losing out by 0.5% in the VAt changes. IT and accounts are OK.

True, but looking on the bright side you (engineering) were gaining 4%, in January you will be gaining 4.5% on the FRS!

[swamp]

That's a bit harsh. In IT we don't buy anything other than laptops, which most people buy anyway. In Engineering, however, I expect you also need to buy spanners and stuff.

[thunderlizard]

You mean you're making less unearned profit than you were? That's hardly a shafting. You can always go back to normal VAT if it works out better.

[HairyArsedBloke]

glad I am a mgt accountant these day then.

Not as glad as I am to be non-resident in the UK.

[JonSmile]

glad I am a mgt accountant these day then.

[Fred Bloggs]

It seems engineering consultancy (that's me) and finanicial services are losing out by 0.5% in the VAt changes. IT and accounts are OK.

Sector
Jan 2010 %
Dec 2009 %
Nov 2008 %

IT Consultancy
13
11.5
13

Engineering Consultancy
13
11
12.5

Management Consultancy
12.5
11
12.5

Accounting Services
13
11.5
13

Financial Services
12
10.5
11.5