Shops won't be passing on VAT Cut. - Page 4

cjmillsnun · 26th November 2008, 08:33

Geoff as you have already issued the invoice they will have to pay it and you will have to pay VAT at 17.5% to HMRC.

I would politely inform your customer of this fact.

Sancho · 26th November 2008, 13:05

Retail spending is only a fraction of the total spend on VAT. Whilst shops may not be putting their prices down, this will certainly have an impact on various other parts of the economy. For instance, in my line of work (construction client), we are now saving £50k a month on refurbishment VAT that we can now spend on other areas of the business.

26th November 2008, 08:33	#31
cjmillsnun Gets stuck in Rover 75 Connoisseur CDTi & MGZT+ CDTi 135 Join Date: Oct 2007 Location: Petersfield Posts: 787 Thanks: 0 Thanked 2 Times in 2 Posts	Geoff as you have already issued the invoice they will have to pay it and you will have to pay VAT at 17.5% to HMRC. I would politely inform your customer of this fact.

26th November 2008, 13:05	#32
Sancho Loves to post Mercedes 220SE Coupe, Mitsubishi Delica, Nissan Micra Join Date: Jan 2008 Location: London Posts: 358 Thanks: 0 Thanked 0 Times in 0 Posts	Retail spending is only a fraction of the total spend on VAT. Whilst shops may not be putting their prices down, this will certainly have an impact on various other parts of the economy. For instance, in my line of work (construction client), we are now saving £50k a month on refurbishment VAT that we can now spend on other areas of the business.