apom Posted April 27, 2006 Share Posted April 27, 2006 (edited) http://www.theregister.co.uk/2006/04/25/vat_fraud_figures/ The first year on year drop in VAT receipts since the tax was launched over 30 years ago, latest government figures show. okay they blame it on "Spiralling missing trader fraud has led to2 but these figures cannot lie.. So only what caused them can be twisted... It has nothing to do at all with the trouble on the high street we ahve heard so much about Edited April 27, 2006 by apom Quote Link to comment Share on other sites More sharing options...
pobby Posted April 27, 2006 Share Posted April 27, 2006 As I have posted before,there is serious retail problems.Am I right in saying that Obersturnbannfurer Bruan said that the ``economic miracle`` was retail led?What I am experiencing from my customers is now approaching total doom and gloom.Just returned from a visit to hotelier friends,from last year onwards their receipts are falling in an alarming fashion. Seems to me that folks are now running out of credit lines and can spend no more!!!! Quote Link to comment Share on other sites More sharing options...
Time to raise the rents. Posted April 27, 2006 Share Posted April 27, 2006 Is this the IR cut thread? Or am I at the wrong party? Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted April 27, 2006 Share Posted April 27, 2006 whats VAT then? Quote Link to comment Share on other sites More sharing options...
apom Posted April 27, 2006 Author Share Posted April 27, 2006 whats VAT then? about 17.5% on everything you buy apart from some foods and books. lower VAT returns means that less was sold. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted April 27, 2006 Share Posted April 27, 2006 (edited) ahh thats why the garage accept a cheaper price if its paid cash in hand I see your point though - but maybe more people are willing to pay cash in hand because they are strapped for cash.... Maybe a contributory factor in addition to people spending less +and skint traders reporting "less sales" to avoid paying VAT Edited April 27, 2006 by notanewmember Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted April 27, 2006 Share Posted April 27, 2006 about 17.5% on everything you buy apart from some foods and books. lower VAT returns means that less was sold. Or declared.... Quote Link to comment Share on other sites More sharing options...
apom Posted April 27, 2006 Author Share Posted April 27, 2006 VAT drops That would be ... errrr.... Crime... More houses per head of capita then at any time... That would be...... errrr.... We all want to live alone.. with another place for our shoes.. we need all of these properties... Dropping prices... That would be...... errrrr... We can buy bargains now... BMV's below market value.. ERrrrrrrr...... something.. eerr Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted April 27, 2006 Share Posted April 27, 2006 im about as concerned about vat fraud as i am mortgage self cert fraud. you cant stop one while allowing the other. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted April 28, 2006 Share Posted April 28, 2006 im about as concerned about vat fraud as i am mortgage self cert fraud. you cant stop one while allowing the other. Mortgage self cert fraud helps the government by bolstering the housing market and thus the "miracle economy". VAT fraud takes precious cash from Gordy's coffers and leaves him with less money to fritter uselessly away. Stealing money from our beloved government is obviously the bigger crime. Quote Link to comment Share on other sites More sharing options...
vinny Posted April 28, 2006 Share Posted April 28, 2006 Is this the IR cut thread? Or am I at the wrong party? TTRTR - It will not matter which way rates go once asset price deflation is in full swing. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted April 28, 2006 Share Posted April 28, 2006 Is this the IR cut thread? Or am I at the wrong party? You should have turned up a year ago for that one! Quote Link to comment Share on other sites More sharing options...
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