Originally posted by OwlHoot
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Get ready for a special "summer budget"
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Originally posted by VectraMan View PostReducing Vat from 20% to 19% is a 5% cut in Vat.
can you explain that in English
thanks,
Milan.Comment
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Originally posted by AtW View PostOh tulip
You are right...
This is much worse than!
£6 bln per annum is £30 bln over 5 years, just 1% reduction (20% to 19%), for comparison massive divi hike was projected to deliver a LOT less!
where did you get the 6 from and the 20 ?
I can remember 17% vat
Milan.Comment
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Originally posted by milanbenes View Posteh 120billion - 99% is 1,2billion
where did you get the 6 from and the 20 ?
I can remember 17% vat
Milan.
20% vat = 120billion
1% vat = 120billion / 20 = 6billionComment
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Originally posted by milanbenes View Posteh ?
can you explain that in English
thanks,
Milan.Will work inside IR35. Or for food.Comment
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Originally posted by diseasex View Postno it's
20% vat = 120billion
1% vat = 120billion / 20 = 6billionComment
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Originally posted by milanbenes View Postit's 6 billion - just did it on the calculator ;-)
Milan.
</sarcasm>
:PComment
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Originally posted by milanbenes View Posteh ?
can you explain that in English
thanks,
Milan.
if you have a bill of £500, at 20% vat HMRC would get £100,
if it was 19% then you would get £95 a 5% fall in vat collected.Always forgive your enemies; nothing annoys them so much.Comment
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