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Did you feel a difference with the VAT?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
So, with only days/weeks left before VAT is set to rise back to 17.5% do you think it actually made a difference to consumers lifes?
Me personally feel it hasn't and if anything it has made things worse,
I never noticed a difference once VAT dropped to 15%, prices stayed the same where I shopped and companies seemed to be making an extra 2.5% mark up on their products, so I did not see prices go down, HOWEVER with VAT going up I have noticed that prices are increasing, funny that they say it is to cover the increase but they never reduced the price so it is clear profiteering.
For example I have a service at the moment which is £19.99 including VAT,
I got the service when VAT was at 17.5% and I payed £19.99, when it dropped to 15% they did not reduce it and I payed £19.99 but now VAT is going up I've been told I am to pay £20.48,
now this is not a BIG increase but imagine that for 1Million customers (of which they have more) thats over an extra £480,000.00 per MONTH.
Firstly they gained more money when VAT went down, they got an extra 2.5% (about 48/49p per month) and now they are getting an extra amount because it is going up.
Well done Goverment, you really helped, helped increase prices that is.
Me personally feel it hasn't and if anything it has made things worse,
I never noticed a difference once VAT dropped to 15%, prices stayed the same where I shopped and companies seemed to be making an extra 2.5% mark up on their products, so I did not see prices go down, HOWEVER with VAT going up I have noticed that prices are increasing, funny that they say it is to cover the increase but they never reduced the price so it is clear profiteering.
For example I have a service at the moment which is £19.99 including VAT,
I got the service when VAT was at 17.5% and I payed £19.99, when it dropped to 15% they did not reduce it and I payed £19.99 but now VAT is going up I've been told I am to pay £20.48,
now this is not a BIG increase but imagine that for 1Million customers (of which they have more) thats over an extra £480,000.00 per MONTH.
Firstly they gained more money when VAT went down, they got an extra 2.5% (about 48/49p per month) and now they are getting an extra amount because it is going up.
Well done Goverment, you really helped, helped increase prices that is.
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