Chip

Got an Sti coming in the next few days. If as a lot of people think Gordon Brown puts up VAT to 19-20% will this come into effect immediately like say the petrol prices do or will this take time to be put in place. Was wondering as 2.5% of twenty odd grand is a fair hack.

If it does go up straight away any ways of getting around it?

Chip.

Reffro

Its a point of sale tax, so the best hope I could imagine would be to get them to issue the Invoice asap at the current 17.5% rate. Then pay them later. Unless someone is going to contradict me and say that you actually have to received the good also.

templar

The relevant date for VAT purposes is the invoice date, unless the goods are despatched more than 14 days after the invoice date, in which case it's the date of despatch.

roj

fast bloke

Not really an answer to your question, but me m8 Gordo probably wont put vat up cos it has the biggest effect on poor people. There are already enough eat or heat people in the country. If he does put it up it will probably happen over the course of a year or two to bring us in line with the rest of Europe. I wonder why he feels the need to do that?