Change in vat rate

[classicswede]

As everyone in the UK will know the vat rate is changing from 17.5% to 20% on the 1st of January.

This will affect prices of parts slightly, mainly being noticed on the higher priced items such as dampers.

As my stocks run out I will have to adjust pricing to allow for this.

If you want to avoid any increase in price best to put your order through before January

Hopfully some items will not be affected by the change in VAT rate.

[Hell Driver]

I'd better decide what I'll need for the Mk1 before, soon then, I was wondering about the V.A.T. rise and whether it would affect your stuff. For every £200 you spend, stuff will cost £5 more, might as well be in our pockets as the governments! Can you give me a price on those adjustable shocks we spoke about a while ago and some lower springs for the front And I'll also need some anti-roll bar bits, do you do the lowering blocks?. I hope this car is fixable, or I'll be looking for another to put the bits on!

[macplaxton]

As everyone in the UK will know the vat rate is changing from 17.5% to 20% on the 1st of January.

I'm not in the UK, but I know that the VAT rate is changing on the 4th January

This is a sensible date to do things as the 1st is a Saturday and everyone will be hung-over and if the 1st of Jan falls on a weekend, then the bank holiday is the Monday after, so the 3rd is also a holiday.

That aside, make sure you get your big ticket items paid and invoiced by the 3rd January even if they are delivered shortly after.

[jon-ovlov]

I'm not in the UK, but I know that the VAT rate is changing on the 4th January

AH! thats good then. so if i order bits on the 31st of Dec, im ok then! Lavly! (student, every litle helps)

[classicswede]

I'd better decide what I'll need for the Mk1 before, soon then, I was wondering about the V.A.T. rise and whether it would affect your stuff. For every £200 you spend, stuff will cost £5 more, might as well be in our pockets as the governments! Can you give me a price on those adjustable shocks we spoke about a while ago and some lower springs for the front And I'll also need some anti-roll bar bits, do you do the lowering blocks?. I hope this car is fixable, or I'll be looking for another to put the bits on!

Hi Andy everything is available. I'll drop you a PM with all the prices.

Cheers
Dai

[volvosneverdie]

I would just like to point out that the price of V3M ulr stickers will not be changing. As im not vat registered.

[mat_91]

I would just like to point out that the price of V3M ulr stickers will not be changing. As im not vat registered.

i know its just a volvo forum but be quite about that you never know hus watching

[Ride_on]

I would just like to point out that the price of V3M ulr stickers will not be changing. As im not vat registered.

i know its just a Volvo forum but be quite about that you never know hus watching

You can sell stuff (including your labour) and not charge VAT provided you don't sell above £70,000/year. You do need to pay income tax on profits though. If you are just selling on stuff, group buys etc and not making a profit you don't need to worry about tax.

I think CW means his suppliers prices will increase.

[volvosneverdie]

I would just like to point out that the price of V3M ulr stickers will not be changing. As im not vat registered.

i know its just a Volvo forum but be quite about that you never know hus watching

You can sell stuff (including your labour) and not charge VAT provided you don't sell above £70,000/year. You do need to pay income tax on profits though. If you are just selling on stuff, group buys etc and not making a profit you don't need to worry about tax.

I think CW means his suppliers prices will increase.

That makes sense.