VAT reduction

Out of context: Reply #29

• Started
• Last post
• 34 Responses

• johnnnnyh0

  yeah vat is dull. But essentially you're correct moth, £1 shop will earn 2.5% more. If you sell services inclusive of VAT (like a fixed priced project for example) then the VAT decrease is good. Otherwise, you just take less and pay the government back less.
  We have a few non-vat registered clients so this will improve things for them I suppose.

  johnnnnyh 0Permalink

  UpvoteDownvote

  Flag

  • "will earn 2.5% more OR will pass the saving on to consumers in the hope of stimulating sales"Horp

  Show [[ numHiddenNotes ]] more notesAdd Note

  SaveCancel

View thread