Thread: 20% vat
View Single Post
Old 08-01-2011, 13:00   #75
lancsdave
God Member
 
lancsdave's Avatar
 

Re: 20% vat

Quote:
Originally Posted by derekgas View Post
Argos, Lancsdave or yours truly make no more money from the vat increase, we collect it and pass it to the government, we should probably charge for the administration, but probably wont!

Can actually make less. If you bought something before the 4th and only reclaimed 17.5% you now have to pay 20% on it. So the profit margin is actually down compared to what it would have been before the 4th
__________________
www.giftprint.co.uk - T-shirt printing & more
lancsdave is offline   Reply With Quote