GolfGTIforum.co.uk
Model specific boards => Golf mk6 => Topic started by: BA Baracus on 24 November 2009, 10:09
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Just a heads up for those that are thinking of buying a car in the next year (not only expensive GTI or R models) that different, independent tax consultants are strongly suggesting that the standard rate of VAT will increase even further, possibly in Summer 2010.
Standard rate VAT now 15%
Standard rate VAT 1 January 2010 17.5%
Standard rate VAT Summer 2010 20%+(?)
Our standard rate of VAT is relatively low compared to other EU countries.
The state of the public finances are dire and a big increase of taxes are needed to rectify the problem.
This has further been hinted at by the Tory leader at a recent interview. http://news.bbc.co.uk/1/hi/uk_politics/8372839.stm (http://news.bbc.co.uk/1/hi/uk_politics/8372839.stm) Why do you need an emergency budget??? Won't be tax cutting that's for sure.
You don't need to be a VAT expert to know that cars are going to get even more expensive next year. :sick:
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Of course we will be bailing out the government, we do it every time and thats what were here for :rolleyes: . Thing is, they are all just as f**kin hopeless as each other, and contrary to what most people think, I think we have the best of a bad bunch running Britain, and thats the sad fact :angry:
Our standard rate of VAT may be lower, but we get taxed upon that VAT, then taxed on that and pretty soon we'll get taxed for taking a sh!t and breathing.
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pretty soon we'll get taxed for taking a sh!t and breathing.
Enviromental issues are only a fraction of a stepping stone away from taxing air we breath :wink: They always said if they could only find a way of taxing us for air!
As for the other we do of sorts if you think of what we use when we do this :grin:
They have been talking about this maybe VAT rise for a while now. They did think it would maybe even goto 18% in Jan but that seem to have been changed and they then started talking about a mid year rise as said in the op post,
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VAT increase isn't always a bad thing as it will keep the value of second hand GTI's high (Those of us who are lucky enough to have them) (Sorry to gloat) :laugh: