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clan81

Posts: 1,325 Member Since: 28/07/2006

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Nov 24 08 11:00 PM

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Do we get a refund on season tickets? Will match day prices go down?

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.

Hit it.

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Dean

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#1 [url]

Nov 24 08 11:02 PM

Re: VAT

clan81 wrote:
Do we get a refund on season tickets? Will match day prices go down?



No and No. I hope that is brief enough for you

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clan81

Posts: 1,325 Member Since:28/07/2006

#2 [url]

Nov 24 08 11:04 PM

Well certainly brief. Do we not pay VAT on tickets?

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.

Hit it.

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Dean

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#3 [url]

Nov 24 08 11:14 PM

clan81 wrote:
Well certainly brief. Do we not pay VAT on tickets?



The SW is £15 on matchdays (Cat B). Bring plenty of change the difference is 37.5 p

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clan81

Posts: 1,325 Member Since:28/07/2006

#4 [url]

Nov 24 08 11:27 PM

What about season tickets?

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.

Hit it.

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Dean

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#5 [url]

Nov 24 08 11:42 PM

clan81 wrote:
What about season tickets?



If you take out the games already played the saving is approx just over £4. It would cost the club a fortune in admin charges to refund that small amount.

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clan81

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#6 [url]

Nov 25 08 12:16 AM

Thats the thing, this VAT cut will cost businesses in all sorts of ways! Re-pricing, re-printing etc
I don't expect anything back from the club, but sure the great British public will be demanding to see a reduction in a lot of places, mainly on invoiced items!

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.

Hit it.

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Dean

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#7 [url]

Nov 25 08 12:42 AM

clan81 wrote:
Thats the thing, this VAT cut will cost businesses in all sorts of ways! Re-pricing, re-printing etc
I don't expect anything back from the club, but sure the great British public will be demanding to see a reduction in a lot of places, mainly on invoiced items!



On the radio this evening several high street outlets said they would not be passing on anything to the consumer

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theexile

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Posts: 4,355 Member Since:25/07/2006

#8 [url]

Nov 25 08 12:44 AM

When you bought your S T the rate was 17.5%, it is and shouldn't be retrospective.

Otherwise every thing you have ever bought would be due a refund.

In reverse, everything you bought when it was 5 or 10% would be owed by you to the exchequer.

Best leave as is mate.

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skanky

Posts: 562 Member Since:27/07/2006

#9 [url]

Nov 25 08 9:33 AM

When you bought your S T the rate was 17.5%, it is and shouldn't be retrospective.

Otherwise every thing you have ever bought would be due a refund.


Exactly.

"...one can't be angry when one looks at a penguin." John Ruskin - Aware of all Internet traditions.

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NottyImp

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#10 [url]

Nov 25 08 11:59 AM

An income tax reduction would have been far, far more effective in my view. Many businesses will just see this as a way to make an extra 2.5% in difficult times and will not pas it on to the consumer. End result, no kick-start to the economy, less government revenue and yet more national debt. Very poor decision by Labour in my opinion.

"Help, help I'm being repressed!"

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skanky

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Nov 25 08 12:13 PM

Impsforever wrote:
An income tax reduction would have been far, far more effective in my view. Many businesses will just see this as a way to make an extra 2.5% in difficult times and will not pas it on to the consumer. End result, no kick-start to the economy, less government revenue and yet more national debt. Very poor decision by Labour in my opinion.


Assuming the idea is that people spend the extra 2.5%, then if the businesses keep it anyway, surely the end result is the same?

"...one can't be angry when one looks at a penguin." John Ruskin - Aware of all Internet traditions.

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NottyImp

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#12 [url]

Nov 25 08 12:40 PM

No, the idea is to stimulate *more* spending by the consumer, I think, and I don't think that this will do that.

"Help, help I'm being repressed!"

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skanky

Posts: 562 Member Since:27/07/2006

#13 [url]

Nov 25 08 2:08 PM

Yes but why more spending by the "consumer"? The money just goes into the pockets of the same people who won't be passing on the VAT decrease. If the spending is the same, and they pocket the difference, then they end up with the same amount of money, whichever route is taken.

"...one can't be angry when one looks at a penguin." John Ruskin - Aware of all Internet traditions.

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NottyImp

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#14 [url]

Nov 25 08 4:28 PM

Yes but why more spending by the "consumer"?


So the economy grows, rather than shrinking as is the current predictions for next year?

"Help, help I'm being repressed!"

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skanky

Posts: 562 Member Since:27/07/2006

#15 [url]

Nov 25 08 4:49 PM

Okay, let's do this one step at a time. But what happens if the consumers spend 2.5% more than they would have done (which is presumably what would happen if the tax cut was spent another way)? Who gets the money?

"...one can't be angry when one looks at a penguin." John Ruskin - Aware of all Internet traditions.

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Posh Imp

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#16 [url]

Nov 25 08 5:32 PM

Dean wrote:
clan81 wrote:
Well certainly brief. Do we not pay VAT on tickets?



The SW is £15 on matchdays (Cat B). Bring plenty of change the difference is 37.5 p


That isn't exactly correct, Dean. The VAT element of £15 @ 17.5% is as follows...

£15/1.175 = £12.77 which is the original VAT-free price, so the VAT element of £15 is £2.23 when charged at 17.5% (i.e. £12.77 + 17.5% = £15)

When VAT is reduced to 15% it goes like this...

£15/1.15 = £13.04 which now becomes the original VAT-free price, making the VAT element when 15% is charged £1.96 (i.e. £13.04 + 15% = £15)

So the saving becomes the difference between the two rates of VAT, thus...

£2.23 - £1.96 = £0.27p saving, not, as you said £0.375p

Get it?

We've got (another) new manager. Will he be a very good manager? I do hope so.

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clan81

Posts: 1,325 Member Since:28/07/2006

#17 [url]

Nov 25 08 11:06 PM

According to the OS then, we also arn't passing on the VAT cut to fans. 10% additional discount in December, but no reduction in club shop prices

It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark, and we're wearing sunglasses.

Hit it.

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NottyImp

Time I got out more!

Posts: 5,635 Member Since:02/08/2006

#18 [url]

Nov 26 08 8:36 AM

Okay, let's do this one step at a time. But what happens if the consumers spend 2.5% more than they would have done (which is presumably what would happen if the tax cut was spent another way)? Who gets the money?


I think I see you point. Perhaps the govt. is hoping we'll spend more than 2.5% extra? In other words, they're trying an economic psychological sleight of hand.

"Help, help I'm being repressed!"

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skanky

Posts: 562 Member Since:27/07/2006

#19 [url]

Nov 26 08 8:44 AM

Impsforever wrote:
Okay, let's do this one step at a time. But what happens if the consumers spend 2.5% more than they would have done (which is presumably what would happen if the tax cut was spent another way)? Who gets the money?


I think I see you point. Perhaps the govt. is hoping we'll spend more than 2.5% extra? In other words, they're trying an economic psychological sleight of hand.


Or more likely they're hoping it'll get them through the next election, and into the next economic cycle.

"...one can't be angry when one looks at a penguin." John Ruskin - Aware of all Internet traditions.

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NottyImp

Time I got out more!

Posts: 5,635 Member Since:02/08/2006

#20 [url]

Nov 26 08 8:54 AM

Lol. Yes, Labour may yet be saved by a serious recession.

"Help, help I'm being repressed!"

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