Vat still at 5% ...fingers crossed
31 replies
peedee replied on 03/03/2021 16:02
Cornersteady replied on 03/03/2021 16:05
Posted on 03/03/2021 15:51 by TinwheelerCorners, are you standing by to explain the calculations of the changes from 20 to 5 to 12.5 to 20%? Remember last time?🤣🤣🤣
brue replied on 03/03/2021 16:06
Posted on 03/03/2021 16:06
We've had a letter Peedee, our cards run out soon and we can produce the letter to say we have an extension from 16/03/21 to 16/06/21 if needed. We will need the letter as we are hoping to use C&CC sites in May.
Or is this the extension from last year..maybe I'm confused?!
DavidKlyne replied on 03/03/2021 16:07
Posted on 03/03/2021 15:36 by GTPDK..See my 3rd para....also the 20% VAT was an EU requirement. We can now set our own rate.
Posted on 03/03/2021 16:07
I think we posted at the same moment!
Just a slight correction the EU required a minimum rate of 15% and member governments were able to select any rate above that. I suppose the Government could do away with VAT and reintroduce Purchase Tax? To me it's a bit academic because I am not convinced it was necessary now or previously. I think the pub/restaurant trade might be different case but perhaps it was difficult to separate them out?
The Club, having passed on the reduction to members last time I just can't see them not doing the same this time. How would they justify that? No doubt we will get clarification in the next day or two.
David
peedee replied on 03/03/2021 16:21
LLM replied on 03/03/2021 16:40
Posted on 03/03/2021 15:36 by GTPDK..See my 3rd para....also the 20% VAT was an EU requirement. We can now set our own rate.
Posted on 03/03/2021 16:40
Varying VAT Rates in Europe We have always been able to set our own rates. Leaving the EU had no effect.
brue replied on 03/03/2021 16:46
Posted on 03/03/2021 16:21 by peedeeOr is this the extension from last year..maybe I'm confused?!
I suspect so Bru. I had a news letter yesterday and there was no mention of a further subs extension.
peedee
Tinwheeler replied on 03/03/2021 16:59
Posted on 03/03/2021 16:46 by brueThe letter we have has to be used in place of our soon to be out of date membership cards..I presume we'll get new cards in June instead of mid March.
GTP replied on 03/03/2021 17:17
Posted on 03/03/2021 16:07 by DavidKlyneI think we posted at the same moment!
Just a slight correction the EU required a minimum rate of 15% and member governments were able to select any rate above that. I suppose the Government could do away with VAT and reintroduce Purchase Tax? To me it's a bit academic because I am not convinced it was necessary now or previously. I think the pub/restaurant trade might be different case but perhaps it was difficult to separate them out?
The Club, having passed on the reduction to members last time I just can't see them not doing the same this time. How would they justify that? No doubt we will get clarification in the next day or two.
David
Posted on 03/03/2021 17:17
I stand corrected on the 15% minimum...which was a requirement set by the EU..In a previous life I had read a note on 20% being mooted.
As for the club passing on the VAT reduction...this was just my personal opinion...and as you yourself say 'was it necessary previously'...agree the club will have difficulty justifying any change in policy..
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