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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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VAT problem - any advice please ??
Last week I ordered some double glazing units £2060 inc VAT.
So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. |
#2
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VAT problem - any advice please ??
In message , gb
writes Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. It will be the VAT rate in force at the time that the invoice is generated IWHT There is no reason for them to charge you 17.5 rather than 15% that I can think of - its not their money, so it should make no difference to them You should get that small discount which will enable you to kickstart the economy single handedly -- geoff |
#3
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VAT problem - any advice please ??
gb wrote:
Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. The new rate of 15%. The Govmint sets the VAT rate, the supplier meerly acts as an unpaid tax collector. £2060 - 14.89% + 15%. £1753.27 + 15% VAT = £2016.26 inc The £43 saving should be spent on beer - its the law. -- Dave - The Medway Handyman www.medwayhandyman.co.uk |
#4
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VAT problem - any advice please ??
gb wrote:
Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. |
#5
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VAT problem - any advice please ??
"Andy Burns" wrote in message
et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. -- Ron |
#6
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VAT problem - any advice please ??
Ron Lowe wrote:
"Andy Burns" wrote in message et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. Why? The tax point of the invoice is, IIRC, the only thing that matters. Gievn a substantial proportion of the input to the product is likely labour, so there would usually be plenty of VAT income to cover that already paid out. -- Rod Hypothyroidism is a seriously debilitating condition with an insidious onset. Although common it frequently goes undiagnosed. www.thyromind.info www.thyroiduk.org www.altsupportthyroid.org |
#7
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VAT problem - any advice please ??
In message , Ron Lowe
writes "Andy Burns" wrote in message net... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? THis quarter's VAT returns are going to be a complete dogs dinner -- geoff |
#8
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VAT problem - any advice please ??
In message , gb
writes Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. The VAT rate to be used is based on the supply date or 'tax point'. There are exceptions but the general rule is that the tax point occurs on completion of supply or completion of a service. Regardless of how your supplier calculates the tax point, it definitely couldn't have been before you ordered them. According to HMRC guidance as that would have been after the 18th November, the tax rate depends on the invoice date being pre/post 1st December. This is the first time I've ever known an invoice date to influence the tax rate, as opposed the tax point. So, if the supply point is after 18th Nov, and the invoice date is on or after 01 Dec, it must be charged at the new rate. See page 2 of http://www.hmrc.gov.uk/pbr2008/vat-guide-sum.pdf If they do go for the new rate or old, I would tend to think that from a purely legal perspective, they quoted you an "Inc Vat" price, and could therefore hold you to it (and in doing so increase their actual take). One little question to ask yourself, if VAT had gone up rather than down... how strongly would you have wanted to hold them to the inclusive price rather than the exclusive price to which you would clearly now prefer ;-) Hth Someone |
#9
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VAT problem - any advice please ??
geoff wrote:
In message , Ron Lowe writes "Andy Burns" wrote in message et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? No, thats right, it is a point which is confusing a lot of people though. My other half suffered it the other day and mentioned it in a routine visit to the accountant who by all accounts was scratching his head, which is a worry TBH. |
#10
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 17:59:46 UTC, gb wrote:
Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. It's entirely up to them. They quoted you a price with all taxes paid. The price might still be £2060 with all taxes paid. -- The information contained in this post is copyright the poster, and specifically may not be published in, or used by http://www.diybanter.com |
#11
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VAT problem - any advice please ??
gb wrote:
Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Well, the VAT note I received recently seems to say that 15% should be charged on all invoices raised on or after 1st December, irrespective of when the work was done or started *provided* that the work did not start more than 14 days before 1st of December. |
#12
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VAT problem - any advice please ??
Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? THis quarter's VAT returns are going to be a complete dogs dinner -- geoff Oh, OK. Yes, I see now. -- R |
#13
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 19:13:02 +0000, R D S wrote:
geoff wrote: In message , Ron Lowe writes "Andy Burns" wrote in message et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? No, thats right, it is a point which is confusing a lot of people though. My other half suffered it the other day and mentioned it in a routine visit to the accountant who by all accounts was scratching his head, which is a worry TBH. Not sure of the veracity of this guys post but on the face it looks like a big blooper or as he says, a scam, trying to make a quick buck before too many prople catch on. http://groups.google.co.uk/group/alt...&q=currys+scam |
#14
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 20:32:41 +0000, Old Git
wrote: On Sun, 30 Nov 2008 19:13:02 +0000, R D S wrote: geoff wrote: In message , Ron Lowe writes "Andy Burns" wrote in message et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? No, thats right, it is a point which is confusing a lot of people though. My other half suffered it the other day and mentioned it in a routine visit to the accountant who by all accounts was scratching his head, which is a worry TBH. Not sure of the veracity of this guys post but on the face it looks like a big blooper or as he says, a scam, trying to make a quick buck before too many prople catch on. http://groups.google.co.uk/group/alt...&q=currys+scam Looking again, I think he probably has it wrong. |
#15
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VAT problem - any advice please ??
"Steve Firth" wrote in message .. . gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Well, the VAT note I received recently seems to say that 15% should be charged on all invoices raised on or after 1st December, irrespective of when the work was done or started *provided* that the work did not start more than 14 days before 1st of December. That's just the office reiterating the "tax point rules" because they just know that (almost) no-one's going to look them up if they leave it to people to do so. The VAT rate that applies will be the one at the "Tax Point". This is the earliest of: date of supply, date of invoice or date of payment (unless you issue the invoice less than 14 days after the date of supply in which case that date becomes date of invoice). For the OP: A quote is not an invoice. Paying a deposit will count as a "payment" of that sum, this will make life difficult for some people :-(. HTH tim |
#16
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VAT problem - any advice please ??
In message , Old Git
writes On Sun, 30 Nov 2008 19:13:02 +0000, R D S wrote: geoff wrote: In message , Ron Lowe writes "Andy Burns" wrote in message et... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Also, you need to consider whether they have already incurred expense at the old VAT rate which they need to pass on. If they were charged VAT on the bits at 17.5% then they claim that VAT back at 17.5% on their VAT return - or am I missing something ? No, thats right, it is a point which is confusing a lot of people though. My other half suffered it the other day and mentioned it in a routine visit to the accountant who by all accounts was scratching his head, which is a worry TBH. Not sure of the veracity of this guys post but on the face it looks like a big blooper or as he says, a scam, trying to make a quick buck before too many prople catch on. http://groups.google.co.uk/group/alt...s.and.bargains /browse_thread/thread/f17e9160a2819e08?hl=en&q=currys+scam Not if you actually read past the first idiot post it looks like a pure price rise - VAT is not added before the checkout stage try harder ... -- geoff |
#17
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VAT problem - any advice please ??
In message , tim.....
writes "Steve Firth" wrote in message . .. gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Well, the VAT note I received recently seems to say that 15% should be charged on all invoices raised on or after 1st December, irrespective of when the work was done or started *provided* that the work did not start more than 14 days before 1st of December. That's just the office reiterating the "tax point rules" because they just know that (almost) no-one's going to look them up if they leave it to people to do so. No its not - it was official notification of change in VAT rate, without which it would be exceedingly foolhardy to make a change The VAT rate that applies will be the one at the "Tax Point". This is the earliest of: date of supply, date of invoice or date of payment (unless you issue the invoice less than 14 days after the date of supply in which case that date becomes date of invoice). No, I'm sure its not, if goods are supplied in November and invoiced in December, the VAT rate will be 15%, the VAT rate in force on the date of invoicing can you imagine the a company who does a 30 day invoicing scheme in mid december being able to actually generate correct invoices ? For the OP: A quote is not an invoice. Paying a deposit will count as a "payment" of that sum, this will make life difficult for some people :-(. HTH tim -- geoff |
#18
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 20:38:55 +0000, geoff wrote:
Not sure of the veracity of this guys post but on the face it looks like a big blooper or as he says, a scam, trying to make a quick buck before too many prople catch on. http://groups.google.co.uk/group/alt...s.and.bargains /browse_thread/thread/f17e9160a2819e08?hl=en&q=currys+scam Not if you actually read past the first idiot post it looks like a pure price rise - VAT is not added before the checkout stage try harder ... If you had read my post properly, where I said I wasn't sure of the veracity, because I had not checked it out, or even read my next post, where I corrected it, instead of being an arsehole who is constantly trying to make points off people, I might even consider you to be a member of the human race. Unfortunately, that doesn't appear to be the case. |
#19
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VAT problem - any advice please ??
In message , Old Git
writes On Sun, 30 Nov 2008 20:38:55 +0000, geoff wrote: Not sure of the veracity of this guys post but on the face it looks like a big blooper or as he says, a scam, trying to make a quick buck before too many prople catch on. http://groups.google.co.uk/group/alt...s.and.bargains /browse_thread/thread/f17e9160a2819e08?hl=en&q=currys+scam Not if you actually read past the first idiot post it looks like a pure price rise - VAT is not added before the checkout stage try harder ... If you had read my post properly, where I said I wasn't sure of the veracity, because I had not checked it out, as I said - if you had read past the first idiot post ... but no, you'd rather go for a bit of scandal without checking further not my fault or even read my next post, What - received after I had posted my reply, yeah right are you that senile ? where I corrected it, instead of being an arsehole who is constantly trying to make points off people, I might even consider you to be a member of the human race. Unfortunately, that doesn't appear to be the case. Honestly IDGAF -- geoff |
#20
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VAT problem - any advice please ??
"The Medway Handyman" wrote in message om... gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. The new rate of 15%. The Govmint sets the VAT rate, the supplier meerly acts as an unpaid tax collector. £2060 - 14.89% + 15%. £1753.27 + 15% VAT = £2016.26 inc The £43 saving should be spent on beer - its the law. He has agreed to a quote inc VAT. Unless it stated VAT at 17.5% it is still a valid quote. They just make more profit. However I expect they will charge the lower rate. |
#21
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VAT problem - any advice please ??
"Bob Eager" wrote in message ... On Sun, 30 Nov 2008 17:59:46 UTC, gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. It's entirely up to them. They quoted you a price with all taxes paid. The price might still be £2060 with all taxes paid. A lot of companies have said they will not be passing on the reduction in VAT. Having spent the past week working on implementing the change on my main product lines, I can sympathise. I still have a few thousand prices to review for silly looking prices - a penny or two over a round pound value for example. The rate change has produced a huge amount of work for no practical advantage. Colin Bignell |
#22
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VAT problem - any advice please ??
nightjar cpb@ wrote:
The rate change has produced a huge amount of work for no practical advantage. No, no, the tills will be ringing, the prospect of saving £1 in every £40 will have people flocking in spending their redundancy money. I'm not changing any ticket prices. Our industry doesn't attract 17.5% VAT so it doesn't apply to us. That said I am expecting people to argue about it and where they do I will make the appropriate reduction at the till, just to keep the peace. |
#23
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VAT problem - any advice please ??
On Mon, 1 Dec 2008 08:31:04 -0000, "nightjar".me.uk wrote:
A lot of companies have said they will not be passing on the reduction in VAT. And a lot are, was in a shop yesterday that had a notice saying the VAT reduction would be applied as a discount at the till. This stikes me as the simple pragmatic approach rather that all the agro of changing VAT inclusive price labels and, as you say, checking for "silly" prices as a result. -- Cheers Dave. |
#24
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VAT problem - any advice please ??
On Dec 1, 8:44*am, R D S wrote:
nightjar cpb@ wrote: The rate change has produced a huge amount of work for no practical advantage. No, no, the tills will be ringing, the prospect of saving £1 in every £40 will have people flocking in spending their redundancy money. A lot of people seem to be confused and think that prices will come down by 2.5%. The saving of 2.5% VAT on £40 (inc VAT) is only 85p. The prospect is one of saving £1 in every £47. MBQ |
#25
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VAT problem - any advice please ??
Man at B&Q wrote:
On Dec 1, 8:44 am, R D S wrote: nightjar cpb@ wrote: The rate change has produced a huge amount of work for no practical advantage. No, no, the tills will be ringing, the prospect of saving £1 in every £40 will have people flocking in spending their redundancy money. A lot of people seem to be confused and think that prices will come down by 2.5%. The saving of 2.5% VAT on £40 (inc VAT) is only 85p. The prospect is one of saving £1 in every £47. MBQ Of course, it will be a saving of £2.50 per £117.50 not £100. I might just have a dish of pound coins on the counter with a sign 'please take one', like the local petrol station do with pennies. |
#26
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VAT problem - any advice please ??
A lot of people seem to be confused and think that prices will come down by 2.5%. The saving of 2.5% VAT on £40 (inc VAT) is only 85p. The prospect is one of saving £1 in every £47. MBQ Of course, it will be a saving of £2.50 per £117.50 not £100. Yes, some very clever maths going on with the Government/Inland Revenue. They are presenting this as a drop of VAT by 2.5% when it is more like 2.13%. You must always take the 'NET' price (without VAT) and multiply it by the new 15% You should NOT take the VAT inclusive price and simply chop 2.5% off. £100 x 17.5% = £117.50 £100 x 15% = £115.00 ... a diference of £2.50 But if you take VAT inclusive price and chop 2.5% off you don't get the full £115.00, £100 x 17.5% = £117.50 - 2.5% = £114.56 and not £115.00. The actual 'drop' in VAT is more like 2.13% £100 x 17.5% = £117.50 - 2.13% = £114.99. I would imagine that firms who advertise their prices EX VAT would benefit the most as they would only have to change the VAT rate. Firms like MachineMart advertise their products with both EX VAT and INC VAT prices, therefore you can still work out their prices from older catalogues by using EX VAT prices and just adding the new rate of VAT on. In the end, all companies who charge VAT are unpaid tax collectors, doing the Governments work for them and not receiving any financial compensation for having to re-adjust all their VAT INC prices. There again, that should not give any company any excuse NOT to pass on the difference to the customer, or would they agree to defrauding the Inland Revenue?? Dave |
#27
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VAT problem - any advice please ??
"Dave" gurgled happily, sounding much like they
were saying: Yes, some very clever maths going on with the Government/Inland Revenue. They are presenting this as a drop of VAT by 2.5% when it is more like 2.13%. Umm, not quite. It _is_ a drop in VAT of 2.5%. 17.5% down to 15%. Nobody ever said that was equivalent to a drop in a vat-inclusive price of 2.5%. 'course it isn't. Trouble is, Joe Public is functionally innumerate, and just doesn't understand basic mathematics... In the end, all companies who charge VAT are unpaid tax collectors, Indeed. I thought Darling Alistair wanted to make it EASIER for us to get access to credit, not to chop 15% off the revolving interest free loan he gives us every quarter? |
#28
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 17:59:46 +0000, gb wrote:
Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. A Tax "Expert" on Working Lunch today was asked about this sort of situation but specifically about the VAT on a deposit made before today and the answer was that there was nothing in it for the contractor but HMRC had allowed contractors to reduce the VAT to 15% on deposits made before today but the contractor wasn't obliged to do so but whatever amount of VAT he took had to be passed on to HMRC .The lady suggested asking the contactor politely to credit the deposit with the lower rate and they almost certainly would do so . It has been said elsewhere that the rate of VAT should be that in force at the point of delivery so I'd expect you only to pay the reduced amount when you go to pay for the DG Units but don't get too excited over what you are going to save .. |
#29
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VAT problem - any advice please ??
On Nov 30, 8:51*pm, geoff wrote:
In message , tim..... writes "Steve Firth" wrote in message . .. gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Well, the VAT note I received recently seems to say that 15% should be charged on all invoices raised on or after 1st December, irrespective of when the work was done or started *provided* that the work did not start more than 14 days before 1st of December. That's just the office reiterating the "tax point rules" because they just know that (almost) no-one's going to look them up if they leave it to people to do so. No its not - it was official notification of change in VAT rate, without which it would be exceedingly foolhardy to make a change The VAT rate that applies will be the one at the "Tax Point". This is the earliest of: date of supply, date of invoice or date of payment (unless you issue the invoice less than 14 days after the date of supply in which case that date becomes date of invoice). No, I'm sure its not, if goods are supplied in November and invoiced in December, the VAT rate will be 15%, the VAT rate in force on the date of invoicing can you imagine the a company who does a 30 day invoicing scheme in mid december being able to actually generate correct invoices ? You're (technically) wrong here. The definition above of the Tax Point is correct, and organisations that invoice more than 30 days after supply are running the risk of not accounting for VAT correctly. On an Inspection by HMRC they could be pulled up for it, the logic being that they'd be reclaiming the VAT on goods that they bought sooner than paying over the VAT on goods that they'd supplied. For practical purposes though HMRC have said that they'll be sympathetic and not penalised businesses that can't quickly and easily comply with the letter of the law in this quarter's return. Matt |
#30
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VAT problem - any advice please ??
In article ,
Andy Burns writes: gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Just heard on the radio - Government has put special rules in place for this VAT reduction, and the date for the purposes of VAT rate in force is the date when the supply of goods or services is completed, not the date you order or pay for them or are invoiced for them. In the case where invoices and payments were made before the reduction but supply completes afterwards, there's a VAT credit note mechanism to get the excess VAT back from the retailer, or if payment hasn't yet been made against an invoice, the retailer can simply tear up the old invoice and reprint with correct VAT amount on it. Details are apparently somewhere on the HMRC website and are being sent to all VAT registered businesses. -- Andrew Gabriel [email address is not usable -- followup in the newsgroup] |
#31
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VAT problem - any advice please ??
On Sun, 30 Nov 2008 21:37:46 +0000, geoff wrote:
try harder ... If you had read my post properly, where I said I wasn't sure of the veracity, because I had not checked it out, as I said - if you had read past the first idiot post ... but no, you'd rather go for a bit of scandal without checking further not my fault I first read it from a different source to google and used the google address passed on to me by someone else. At that time there was no further post from my news server. So I only had the first one to go on. If you could not only read but actually understand English you would not even begin to consider I was going for scandal. or even read my next post, What - received after I had posted my reply, yeah right What you seem to either, forget or not understand, in your drunken stupor (I can only assume from your rantings that this be the case), is that not all news servers work at the same speed and there is very often large delays for some posts to appear. are you that senile ? Far from it. where I corrected it, instead of being an arsehole who is constantly trying to make points off people, I might even consider you to be a member of the human race. Unfortunately, that doesn't appear to be the case. Honestly IDGAF Anyway, I thank you for giving me a piece of your mind. It is a crying shame you can't really spare it but I guess that makes it all the more generous of you. You may waste your time with a reply but I won't be reading it. I have a life to get on with. |
#32
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VAT problem - any advice please ??
Adrian wrote:
"Dave" gurgled happily, sounding much like they were saying: Yes, some very clever maths going on with the Government/Inland Revenue. They are presenting this as a drop of VAT by 2.5% when it is more like 2.13%. Umm, not quite. It _is_ a drop in VAT of 2.5%. The tax 'rate' has dropped by 14.29% :-) -- Dave - The Medway Handyman www.medwayhandyman.co.uk |
#33
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VAT problem - any advice please ??
"Dave Liquorice" wrote in message ll.net... On Mon, 1 Dec 2008 08:31:04 -0000, "nightjar".me.uk wrote: A lot of companies have said they will not be passing on the reduction in VAT. And a lot are, was in a shop yesterday that had a notice saying the VAT reduction would be applied as a discount at the till. This stikes me as the simple pragmatic approach rather that all the agro of changing VAT inclusive price labels and, as you say, checking for "silly" prices as a result. Unfortunately, that is not an option on a web site. However, if they apply the correct discount, I wonder how many people they will get complaining that they did not get 2.5% off? Colin Bignell |
#34
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VAT problem - any advice please ??
Unfortunately, that is not an option on a web site. However, if they apply the correct discount, I wonder how many people they will get complaining that they did not get 2.5% off? Colin Bignell That's all assuming that people were aware of the price of particular goods/services BEFORE the drop in VAT. Dave |
#35
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VAT problem - any advice please ??
"Dave" wrote in message ... Unfortunately, that is not an option on a web site. However, if they apply the correct discount, I wonder how many people they will get complaining that they did not get 2.5% off? Colin Bignell That's all assuming that people were aware of the price of particular goods/services BEFORE the drop in VAT. If the reduction is applied as a discount at the till, as stated, they will have the previous price marked on the goods. Colin Bignell |
#36
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VAT problem - any advice please ??
Andrew Gabriel wrote:
Details are apparently somewhere on the HMRC website and are being sent to all VAT registered businesses. I got their usual monthly summary email of VAT Note changes over the weekend, the usual heaps of specific rules that always apply to some tiny sliver of the economy, and not a peep about VAT rate changes that affects almost everyone. |
#37
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VAT problem - any advice please ??
In message , Old Git
writes On Sun, 30 Nov 2008 21:37:46 +0000, geoff wrote: or even read my next post, What - received after I had posted my reply, yeah right What you seem to either, forget or not understand, in your drunken stupor (I can only assume from your rantings that this be the case), is that not all news servers work at the same speed and there is very often large delays for some posts to appear. Look you retard I replied to your first post before your retraction came through so, put quite simply, how do you expect me to have seen your retraction before it arrive and no I'm not drunk are you that senile ? better leave that in ... snipped ****e -- geoff |
#38
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VAT problem - any advice please ??
In message , Andrew Gabriel
writes In article , Andy Burns writes: gb wrote: Last week I ordered some double glazing units £2060 inc VAT. So what should I pay when I go pick them up next week ??? The price quoted, even thou it does say inc VAT, or at the new VAT rate. Depends on the "Tax Point" which can happen when they're delivered/collected or earlier if they've already issued an invoice, or you've paid a deposit. Given that the price has been quoted inc VAT then there's no reason that the supplier *has* to reduce the ex VAT price, but worth £43 to ask if they can/will keep the net price the same and charge VAT at 15%. Just heard on the radio - Government has put special rules in place for this VAT reduction, and the date for the purposes of VAT rate in force is the date when the supply of goods or services is completed, not the date you order or pay for them or are invoiced for them. In the case where invoices and payments were made before the reduction but supply completes afterwards, there's a VAT credit note mechanism to get the excess VAT back from the retailer, or if payment hasn't yet been made against an invoice, the retailer can simply tear up the old invoice and reprint with correct VAT amount on it. Details are apparently somewhere on the HMRC website and are being sent to all VAT registered businesses. A bit late now, isn't it -- geoff |
#39
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VAT problem - any advice please ??
Look you retard I replied to your first post before your retraction came through so, put quite simply, how do you expect me to have seen your retraction before it arrive and no I'm not drunk are you that senile ? better leave that in ... snipped ****e -- geoff Now, now girls. Put your handbags away. Kiss and make up and give us all a rest. Mickey. |
#40
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VAT problem - any advice please ??
On Mon, 1 Dec 2008 18:59:11 -0000, "nightjar".me.uk wrote:
And a lot are, was in a shop yesterday that had a notice saying the VAT reduction would be applied as a discount at the till. Unfortunately, that is not an option on a web site. Only if the commerce package doesn't have the facilty for discounts, a rather poor package if it doesn't IMHO. OK it might need to be enabled but it should be there. However, if they apply the correct discount, I wonder how many people they will get complaining that they did not get 2.5% off? Quite a few I expect, thinking about the shop mentioned above I think they were going to knock 2.5% off... -- Cheers Dave. |
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