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Old 20-12-10, 07:01 PM   #1
danf1234
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Default VAT Hike!

When does this actually kick in? Is it on the 1st Jan?

Also who plans to make some expensive bike purchases before the deadline.

I want my Shoei Qwest, but not sure what to do?
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Old 20-12-10, 07:02 PM   #2
peterco
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Default Re: VAT Hike!

4th january
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Old 20-12-10, 07:02 PM   #3
barwel1992
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Default Re: VAT Hike!

Quote:
Originally Posted by danf1234 View Post
When does this actually kick in? Is it on the 1st Jan?

Also who plans to make some expensive bike purchases before the deadline.

I want my Shoei Qwest, but not sure what to do?
no idea on the date but im ordering £120 worth of gaskets and piston rings before it does go up
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Old 20-12-10, 07:04 PM   #4
danf1234
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Default Re: VAT Hike!

4th of Jan - Really?
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Old 20-12-10, 07:10 PM   #5
christopher
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Default Re: VAT Hike!

http://www.hmrc.gov.uk/vat/forms-rat...e-guidance.pdf
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Old 20-12-10, 07:11 PM   #6
danf1234
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Default Re: VAT Hike!

Quote:
Originally Posted by christopher View Post

Thank you.

New Helmet to be purchased on the 3rd of Jan then!
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Old 20-12-10, 07:12 PM   #7
Holdup
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Default Re: VAT Hike!

4th Jan

No VAT at all on crash helmets as they are a safety item

and on small things its barely anything, a customer asked the other day and i worked it out for her, on an item that is £107 atm it will be £109 next year
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Old 20-12-10, 07:23 PM   #8
danf1234
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Default Re: VAT Hike!

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Originally Posted by Holdup View Post
4th Jan

No VAT at all on crash helmets as they are a safety item

and on small things its barely anything, a customer asked the other day and i worked it out for her, on an item that is £107 atm it will be £109 next year
Seriously - No VAT on helmets.
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Old 20-12-10, 07:27 PM   #9
Holdup
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Default Re: VAT Hike!

Yup
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Old 20-12-10, 07:28 PM   #10
andrewsmith
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Default Re: VAT Hike!

Quote:
Originally Posted by Holdup View Post
4th Jan

No VAT at all on crash helmets as they are a safety item

and on small things its barely anything, a customer asked the other day and i worked it out for her, on an item that is £107 atm it will be £109 next year
Any safety equipment is exempt! Hence why my Doc Martins are safety boots and not fashion ones!
http://www.hmrc.gov.uk/vat/forms-rat...services.htm#8

Some places are waiting until the next catalogues kick in (toolstation is 17.5% until the 11th of January)
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