Reply to: VAT rate cut - will you be passing it on to clients?

[kebs]

Here is the update list, I might try and get mine changed to 10% as I do some computer maintenance in my job.

Page 43 - http://www.hmrc.gov.uk/pbr2008/vat-guide-det.pdf



Category of business
Appropriate percentage
Accountancy or book-keeping
11.5
Advertising
8.5
Agricultural services
7
Any other activity not listed elsewhere
9
Architect, civil and structural engineer or surveyor
11
Boarding or care of animals
9.5
Business services that are not listed elsewhere
9.5
Catering services including restaurants and takeaways
10.5
Computer and IT consultancy or data processing
11.5
Computer repair services
10
Dealing in waste or scrap
8.5
Entertainment or journalism
9.5
Estate agency or property management services
9.5
Farming or agriculture that is not listed elsewhere
5.5
Film, radio, television or video production
9.5
Financial services
10.5
Forestry or fishing
8
General building or construction services*
7.5
Hairdressing or other beauty treatment services
10.5
Hiring or renting goods
7.5
Hotel or accommodation
8.5
Investigation or security
9
Labour-only building or construction services*
11.5
Laundry or dry-cleaning services
9.5
Lawyer or legal services
12
Library, archive, museum or other cultural activity
7.5
Management consultancy
11
Manufacturing that is not listed elsewhere
7.5
Manufacturing fabricated metal products
8.5
Manufacturing food
7
Manufacturing yarn, textiles or clothing
7.5
Membership organisation
5.5
Mining or quarrying
8
Packaging
7.5
Photography
8.5
Post offices
2
Printing
6.5
Publishing
8.5
Pubs
5.5
Real estate activity not listed elsewhere
11
Repairing personal or household goods
7.5
Repairing vehicles
6.5
Retailing food, confectionary, tobacco, newspapers or children’s clothing
2
43
Appropriate
Category of business percentage
Retailing pharmaceuticals, medical goods, cosmetics or toiletries
6
Retailing that is not listed elsewhere
5.5
Retailing vehicles or fuel
5.5
Secretarial services
9.5
Social work
8
Sport or recreation
6
Transport or storage, including couriers, freight, removals and taxis
8
Travel agency
8
Veterinary medicine
8
Wholesaling agricultural products
5.5
Wholesaling food
5
Wholesaling that is not listed elsewhere
6
“Labour-only building or construction services” means building or construction services

[EternalOptimist]

Rimming.

Again.

I told the missus about all this last week, and asked her to give me a 'rimming'
she rode the front wheel of her mountain bike right into me nads, then threw a second hand teabag at me.

[SallyAnne]

Are you people for real or is this some 'lets play we've failed maths cse'?

CSE?

Pipe it, grandpa!

[Xenophon]

it's possible that she might have had her tongue in cheek

Rimming.

Again.

[expat]

VAT isn't part of your rate, you have no option to change from 17.5% to 15% as soon as the rate change is applied.

That is true. And, if you are and remain on the Flat Rate Scheme, you have no option to change your payment rate from 13% to 11.5%.

The net effect of these two changes will be a loss to your company (which SallyAnne ironically described as a minus "saving", irony which went right over most people's heads, making me wonder if gcse might not be a little high to aspire to), and the OP question was, will you be passing that on to your client (i.e. by a change in rate).

[Bagpuss]

Looking at the Poll options, I think it was originally a serious post about the good Labour has done by reducing VAT

[TheFaQQer]

it's possible that she might have had her tongue in cheek

No - it's a (whole) Wispa!

[EternalOptimist]

VAT isn't part of your rate, you have no option to change from 17.5% to 15% as soon as the rate change is applied.

it's possible that she might have had her tongue in cheek

[TykeMerc]

VAT isn't part of your rate, you have no option to change from 17.5% to 15% as soon as the rate change is applied.

[Xenophon]

I invoiced for 25 days last week!

Now that must have been a busy week.

[SallyAnne]

I did wonder. I managed 23 days last month but thats just how the calendar fell. I can't remember the last time I did 23 days...

I thought it was about standard (some months are 4 weeks long, some are 5) - I averaged it out.

Must be the way different agencies do it.

I invoiced for 25 days last week!

[Bagpuss]

We could play maths MSc if you like?

[expat]

Are you people for real or is this some 'lets play we've failed maths cse'?

I never even sat it

[Purple Dalek]

Are you people for real or is this some 'lets play we've failed maths cse'?

[ratewhore]

And who invoices 23 days a month on average? Do you work 6 days a week?

I did wonder. I managed 23 days last month but thats just how the calendar fell. I can't remember the last time I did 23 days...