1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

News Retailers to minimise impact of VAT increase

Discussion in 'Article Discussion' started by CardJoe, 5 Jan 2011.

  1. CardJoe

    CardJoe Freelance Journalist

    Joined:
    3 Apr 2007
    Posts:
    11,346
    Likes Received:
    316
  2. LeMaltor

    LeMaltor >^_^

    Joined:
    3 Oct 2003
    Posts:
    2,103
    Likes Received:
    27
    this sucks ;(
     
  3. adam_bagpuss

    adam_bagpuss Have you tried turning it off/on ?

    Joined:
    24 Apr 2009
    Posts:
    4,282
    Likes Received:
    159
    game dont offer good prices anyway as they are always about 15-50% more expensive than online so not fussed
     
  4. Cei

    Cei pew pew pew

    Joined:
    22 Mar 2008
    Posts:
    4,714
    Likes Received:
    122
    Elton and Mattmc91 like this.
  5. Mattmc91

    Mattmc91 Minimodder

    Joined:
    18 Oct 2009
    Posts:
    1,390
    Likes Received:
    48
    Cei, have a rep.
     
  6. Farting Bob

    Farting Bob What's a Dremel?

    Joined:
    21 Jan 2009
    Posts:
    469
    Likes Received:
    13
    Ive seen alot of companies already up prices of a variety of things, some now have weird prices (35.61 etc) but alot are just rounding up to the nearest nice number, milking a bit more profit and blaming the VAT increase.
     
  7. LeMaltor

    LeMaltor >^_^

    Joined:
    3 Oct 2003
    Posts:
    2,103
    Likes Received:
    27
    You can't have 35.605 though can you? And companies want to make money so of course they are gonna round up and not down :p
     
  8. adam_bagpuss

    adam_bagpuss Have you tried turning it off/on ?

    Joined:
    24 Apr 2009
    Posts:
    4,282
    Likes Received:
    159
    i think he means like instead of 35.61 just doing 36.99 or 35.99 etc
     
  9. maximus09

    maximus09 Forever n00b

    Joined:
    8 Jun 2009
    Posts:
    366
    Likes Received:
    2
    I have seen some retailers increase their prices between 10-15% even though it is only a 2.5% increase. I guess they are trying to cash in on the rise and blame the government.

    For example: Amazon.co.uk offered the Nintendo Wii for £150 before the rise and now it's £164. I'm not good at maths but I think that is more than 2.5%?
     
  10. Cupboard

    Cupboard I'm not a modder.

    Joined:
    30 Jan 2007
    Posts:
    2,148
    Likes Received:
    30
    yes: 1.2*(150/1.175)=£153.19
    Even if you just add a straight 2.5% on that's still not right.
     
  11. Paddy

    Paddy What's a Dremel?

    Joined:
    9 Mar 2009
    Posts:
    65
    Likes Received:
    0
    Retailers will definitely use this as an excuse to over inflate their prices.

    If you do the sums, the actual increase in selling price is only 2.1%, as the 2.5% increase is related to only the VAT proportion.

    Therefore in the above example the selling price should go from 39.99 to about 40.83! They are going to start taking advantage of people who don't realise the true costs!
     
  12. Hovis

    Hovis What's a Dremel?

    Joined:
    19 May 2006
    Posts:
    452
    Likes Received:
    12
    There needs to be a statue to commemorate this government. A hundred metre high face buried in a colossal granite palm.
     
  13. Lizard

    Lizard @ Scan R&D

    Joined:
    17 Feb 2007
    Posts:
    2,890
    Likes Received:
    37
    Don't give them ideas - they're already incredibly good at wasting huge sums of money!
     
  14. jrs77

    jrs77 Modder

    Joined:
    17 Feb 2006
    Posts:
    3,483
    Likes Received:
    103
    Stop complaining. We've got 23% VAT since last year and had 22% before that for several years allready.

    Even with the increased VAT the UK is still the cheapest country in europe to buy electronics.
     
  15. robump

    robump Minimodder

    Joined:
    30 Sep 2010
    Posts:
    624
    Likes Received:
    12
    I really dont think this is a great time to put the VAT up to 20%, it gives out the wrong impression to the economy, we are starting to show signs of a slow recovery and an increase in VAT will only discourage spending and artificially increase inflation.

    Also no matter what they say VAT is not a progressive tax, it hits the poor hardest simply because we all pay the same rate, no getting away from it!!
     
  16. Lance

    Lance Ender of discussions.

    Joined:
    6 May 2010
    Posts:
    3,220
    Likes Received:
    134
    But the money has to come from somewhere. I think its much better this way than taking it out of your income or national insurance.


    At least this way you can choose not to spend on non essentials, I know thats hard but unlike your income tax it is possible (remember that basic food and gas/electric vat hasn't changed).

    I definatly agree that it sucks that everything has got more expensive, but the government always said this had to happen.
     
  17. javaman

    javaman May irritate Eyes

    Joined:
    10 May 2009
    Posts:
    3,982
    Likes Received:
    186
    true but vat impact more than just the item, fuel to get deliveries to the shop ,for example is effected too. tho yes, the VAT increase on items is suspiciously high in some cases like the local £1 shop reducing offers from 5 for a £1 on can to 3 for a £1 and now charging for bags (which is where they said they would absorb the cost) Last time VAT dropped to 15% nothing reduced in price yet when it went back up to 17.5 prices went up! Best example was bus fares, £1.50 a single is now £2.00 in that space of time and I bet prices will go up again.
     
  18. ev1lm1nd666

    ev1lm1nd666 What's a Dremel?

    Joined:
    23 Apr 2009
    Posts:
    118
    Likes Received:
    1
    And anyway, they'd end up making it out of concrete and it would still cost more than they first predicted lol
     
  19. tristanperry

    tristanperry Minimodder

    Joined:
    22 May 2010
    Posts:
    922
    Likes Received:
    41
    <Mini_rant>
    Well Labour handled our economy awfully for 13 years (economy was stable for 10 years and they over-spent despite Gordon 'I saved the World' Brown's golden rules of fiscal spending, and then things just skyrocketed when the recession hit).

    So a VAT rise to 20% was inevitable (especially since Labour also cocked up by lowering VAT to 15%, wasting billions without raising consumer spending).

    I know that people like to be lied to by politicians and be told that everything will be awesome without anything changing, but the truth is that these cuts and tax rises are sadly necessary. Which is why Labour support most of them, despite their pre-election lies that they wouldn't have made cuts (which we know now - thanks to leaked documents - were false since they were planning on making big cuts).

    Ah well, having a good moan because a polical party is actually sticking to their election promises is always fun I guess. No wonder politicians lie so much: it's what the public want. Tell the truth and stick to election promises (ala Tories) and get slated. Lie, lie, lie (ala Labour) and win support.

    This is why politics sucks. Not because of politicians. But because the public vote for lies.

    </Mini_rant>

    Anywhoo, it's annoying that retailers are using this as an excuse to screw consumers. I know that retail was hit with the recession, but 10% price hikes over just 2.5% tax rises will just backfire IMO.
     
    Cupboard likes this.
  20. azrael-

    azrael- I'm special...

    Joined:
    18 May 2008
    Posts:
    3,852
    Likes Received:
    124
    Although I can certainly commiserate, in Denmark we've had a VAT of 25% for ages (read: since 1992, up from 22% since 1980). Oh, and our VAT is 25% on everything. There's no differentiation like in some countries (don't know if it applies to the UK, though). Also, whenever we buy a car we get to pay for three.
     
    Last edited: 5 Jan 2011
Tags: Add Tags

Share This Page