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Now that VAT is down 2.5%...

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Old 25 November 2008, 02:01 PM
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zip106
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Default Now that VAT is down 2.5%...

...does that mean the 5% currently charged on electricity/gas/heating oil is also down to 2.5%?

Can't seem to find anything about it.
Old 25 November 2008, 02:13 PM
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lozgti
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No.

Says in the Times as it is on lower rate vat of 5% it doesn't change
Old 25 November 2008, 02:16 PM
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OllyK
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And while VAT is down on petrol, booze and tabacco, duty has been raised to compensate, so effectively no change there either.

As I said in the other thread of the main expenses most families have, it won't make any difference as they aren't affected by the VAT changes:
Mortgage
Council Tax
Gas
Electricity
Petrol
Groceries
Kids Clothes
Old 26 November 2008, 12:06 PM
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Leslie
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Did you really expect that they would reduce it?

Les
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