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I expect more of the latter than the former.So can someone explain this vat cut. Are they expected to charge less and pay less vat or will the prices stay the same but the business gets more of the cash?
The idea will be that there’ll be price cuts to help consumers but in reality the businesses will keep it and prices won’t go down at all imo.
Lad opposite me in the office is over the moon at saving £1500.Paid £2200 in stamp duty 10 days ago, sick.
The real problem is that banks have withdrawn most of the 10% deposit mortgages and are asking for 15% or more as a deposit, making it difficult for first time buyers. My daughter being one of them, getting approved in principle then getting her offer accepted, only to find that the deposit needed has increased. As she is moving over 150 miles for a new job she is just hoping that the lender will honour the approval n principle, but is concerned that they will not.Lad opposite me in the office is over the moon at saving £1500.
Shame for all the people who completed in the last couple of weeks as this money could have been used in retail and hospitality instead..
That's a nightmare. This lad did his mortgage application the day before rate and deposit changed. I guess it helped him having his mate doing his mortgage and got the heads upThe real problem is that banks have withdrawn most of the 10% deposit mortgages and are asking for 15% or more as a deposit, making it difficult for first time buyers. My daughter being one of them, getting approved in principle then getting her offer accepted, only to find that the deposit needed has increased. As she is moving over 150 miles for a new job she is just hoping that the lender will honour the approval n principle, but is concerned that they will not.
At 29 she might end up moving back in with her parents!That's a nightmare. This lad did his mortgage application the day before rate and deposit changed. I guess it helped him having his mate doing his mortgage and got the heads up
She will save a fortune if you dont charge board and get rid of her quicker tooAt 29 she might end up moving back in with her parents!
No rent, free food , so that can be added to the help we have already given with the depositShe will save a fortune if you dont charge board and get rid of her quicker too
Thats what parents are forNo rent, free food , so that can be added to the help we have already given with the deposit
Looks like its up to the individual business. Brewdog announced they'll be passing the cut onto their customers :I expect more of the latter than the former.
It'll be up to the business I suppose.So can someone explain this vat cut. Are they expected to charge less and pay less vat or will the prices stay the same but the business gets more of the cash?
If the VAT decrease was on alcohol we wouldn’t have reduced our prices, we’ve got a canny big deficit to make up and that’d have helped a lot...I’d imagine most other places would think the same.Punters will see zero savings from Vat cut. Prices will be high due to demand as well.
No shock to see the £500 was a fantasy
Would this include brasses, because they've been hit hard, so to speak, by this whole crisis, and I honestly believe this government would be daft enough to offer that?
Edit: forgot to mention I was asking for a friend.
Looks like its up to the individual business. Brewdog announced they'll be passing the cut onto their customers :
We welcome the Chancellor's announcement today on the VAT reduction to 5% for hospitality.
We are going to pass on every single penny to our amazing customers. https://t.co/XXwg0Lg98V
Is there not? Oh I thought it was everything.No cut on booze though. Can't say I'll be dashing into Brewdog for some bait.