The Budget, March 2012

[mertle]

Originally Posted by Chris

No, it won't because any holiday park buying and renting static caravans is likely to be a VAT-registered business, i.e. they won't pay VAT on items the business buys, but will have to pay VAT on their sales to the public. A very small operation that is not VAT registered will be hit with a one-off 20% increase in the cost of buying a new caravan which they will then have to recoup through the price they charge holidaymakers.

Incidentally, it looks as if a ruling on EU law, which governs VAT, is at the root of this - don't be too quick to assume it's an underhand Tory tax-grab.

thanks for that mum loves her caravan holidays worried £250 hike in costs its already disgraceful £1,000 in hight season.

Even off peaks getting dearer as people move more to them.

I'm slightly worried myself, we are a small, non-VAT B&B and we have just bought a shepherd's hut to expand our offering from one room to two. The hut was delivered a few weeks ago and has its first paying guests at the end of the month.

It's not a static caravan, but then it's not a tourer either. It's a wheeled contraption designed to be hauled up the hillside by a horse and left in a field as shepherd's accommodation. Ours sits at the front of our property and while it is fully mobile, we're not intending to move it whilst in service and have it connnected into all the mains services.

There was no VAT on the purchase but I have just fired off a quick email to the manufacturer to find out whether he will be affected by the rule change - it might make the difference as to whether we can even think about buying a second hut at the end of this season.

[Taf]

Originally Posted by Chris

No, it won't because any holiday park buying and renting static caravans is likely to be a VAT-registered business

Many of the caravan camps are home to owner-rented caravans who pay rent to be there. I hope they pay their income tax....

[nomadking]

Originally Posted by Chris

I'm slightly worried myself, we are a small, non-VAT B&B and we have just bought a shepherd's hut to expand our offering from one room to two. The hut was delivered a few weeks ago and has its first paying guests at the end of the month.

It's not a static caravan, but then it's not a tourer either. It's a wheeled contraption designed to be hauled up the hillside by a horse and left in a field as shepherd's accommodation. Ours sits at the front of our property and while it is fully mobile, we're not intending to move it whilst in service and have it connnected into all the mains services.

There was no VAT on the purchase but I have just fired off a quick email to the manufacturer to find out whether he will be affected by the rule change - it might make the difference as to whether we can even think about buying a second hut at the end of this season.

As it's a mobile caravan, VAT should have been applied on the purchase anyway. It is the anomaly of VAT not being applied to the sale of a static caravan that is being closed. The new rules don't apply until Oct 2012.

1.202 The Government will also close loopholes in the VAT system to prevent avoidance and ensure compliance. From 1 October 2012, VAT will be extended to close loopholes, including by applying it to hairdressers’ chairs (to make clear that their rental is already subject to VAT), static holiday caravans (to bring in line with mobile caravans) and certain hot food (because most hot food is already subject to VAT).

[mertle]

Interesting development about Osbourne.

He denied he top earner wont benefit but there some questionable doubts too this. He correct in sense to his MP's job but how much earns outside this position.

http://www.thisismoney.co.uk/money/n...#ixzz1psfuqYo8

He only needs earn 15,500 to push him into top bracket.
But he made no mention of his rental income - or his stake in the bespoke wallpaper business Osborne & Little today.
He also stands to benefit from a trust fund worth more than £4million - which will save him and other family beneficiaries an estimated £1.6 million in inheritance tax.

So its not in the realms he maybe qualify would be shocked Cameron not either as his ministerial pay £142,500. I would be shocked this is only income.

Nobody grudging there pay outside as long its own company dont conflict with policies. Still think Mp's pay way too high even if they run the country. Under current climate not deserved they should half it.

Rather than using innuendo to smear, you can find this information out easily by looking at the Register of Members' Financial Interests....

Link

Milband's response to the budget was the strongest I have seen him yet since taking leadership of the party. Asking the front bench how many of them would benefit from the top-rate tax cute was good tv as well his comment, directed at the Prime Minster, that he could now afford his own horse.

Shame he is utterly ineffective the rest of the time. His failure to capitalise in any way whatsoever on the government's unpopularity, the slower than expected recovery and dalliance with another recession and the Lib Dem support utterly deserting them in mind boggling. If they can't capitalise now, at the presumed height of the current governments troubles, then they really are screwed in the general election.

Originally Posted by Damien

Milband's response to the budget was the strongest I have seen him yet since taking leadership of the party. Asking the front bench how many of them would benefit from the top-rate tax cute was good tv as well his comment, directed at the Prime Minster, that he could now afford his own horse.

Shame he is utterly ineffective the rest of the time. His failure to capitalise in any way whatsoever on the government's unpopularity, the slower than expected recovery and dalliance with another recession and the Lib Dem support utterly deserting them in mind boggling. If they can't capitalise now, at the presumed height of the current governments troubles, then they really are screwed in the general election.

I think you summed that up nicely Damien ,one of the things this country has lacked for years is a strong opposition which i consider as important as having a strong government

Originally Posted by nomadking

As it's a mobile caravan, VAT should have been applied on the purchase anyway. It is the anomaly of VAT not being applied to the sale of a static caravan that is being closed. The new rules don't apply until Oct 2012.

Well, the VAT man says its something other than a caravan and will continue to be zero rated - just got a reply from the manufacturer. So there remains the possibility of us being able to afford a second one after all.

[Arthurgray50@blu]

Sadly, this is all the Tory party is all about, he has helped the rich, but not the poor worker on the street, or the OAP's.

Smokers and beer has been hit, The Tories are not stupid, they will hit what makes them money, It won't effect anyone who is earning 100.000's a year, its just peanuts, people that buy houses that are worth millions.

What they should have done was to reduce fuel duty to help those who run haulage companies, people that need there cars for work etc. They should have given OAPs decent pensions to live on.

It makes me laugh on tv just now, Cameron has said that he has frozen his wages for this party, but l forgot his wages must be six figures, plus gets expenses, free perks, and goes on two months hold in the summer, with bodyguards paid by the taxman.

What about the poor worker. What he could have done is most of British Lorry drivers drive products that we use on the road, he could have helped them.

Most foriegn drivers that bring products from abroad should pay tax when they arrive in this country as they are on BRITISH SOIL.

[nomadking]

Originally Posted by mertle

Interesting development about Osbourne.

He denied he top earner wont benefit but there some questionable doubts too this. He correct in sense to his MP's job but how much earns outside this position.

http://www.thisismoney.co.uk/money/n...#ixzz1psfuqYo8



So its not in the realms he maybe qualify would be shocked Cameron not either as his ministerial pay £142,500. I would be shocked this is only income.

Nobody grudging there pay outside as long its own company dont conflict with policies. Still think Mp's pay way too high even if they run the country. Under current climate not deserved they should half it.

The rental income is recent enough not to have yet been assessed for tax.

According to its published accounts, the company made a pre-tax loss in 2010-11 and paid no dividends to shareholders.

As for the PM.

Downing Street has refused to confirm whether the prime minister pays the top rate of tax.

So what are you alleging, that is backed up with facts?

[mertle]

Originally Posted by nomadking

The rental income is recent enough not to have yet been assessed for tax.
As for the PM.

So what are you alleging, that is backed up with facts?

dont understandyou hugh comments not alleged or acused anyone the paper article suggesting he maybe above the threshold. I am just posting it they raising whether he is considering the details they post.

Arthurgray50@blu you go too far sometimes but you make sense with those comments.

Go far say why did he not give us all below 15,000 or less earnings voucher for to buy british goods.

Puts it into companies instead of the businesses maybe put there cut into business. Stimulates british industry and stimulates the economy. Yanks did this to ofset credit crunch gave american citizens money to spend.

Originally Posted by mertle

Interesting development about Osbourne.

He denied he top earner wont benefit but there some questionable doubts too this. He correct in sense to his MP's job but how much earns outside this position.

http://www.thisismoney.co.uk/money/n...#ixzz1psfuqYo8



So its not in the realms he maybe qualify would be shocked Cameron not either as his ministerial pay £142,500. I would be shocked this is only income.

Nobody grudging there pay outside as long its own company dont conflict with policies. Still think Mp's pay way too high even if they run the country. Under current climate not deserved they should half it.

Originally Posted by mertle

dont understandyou hugh comments not alleged or acused anyone the paper article suggesting he maybe above the threshold. I am just posting it they raising whether he is considering the details they post.

Arthurgray50@blu you go too far sometimes but you make sense with those comments.

Go far say why did he not give us all below 15,000 or less earnings voucher for to buy british goods.

Puts it into companies instead of the businesses maybe put there cut into business. Stimulates british industry and stimulates the economy. Yanks did this to ofset credit crunch gave american citizens money to spend.

looks pretty much like allegations and accusations to me.....

[richard s]

Roll on the 23rd century e.g. Star Trek where there is no money, greed!

[nomadking]

Originally Posted by richard s

Roll on the 23rd century e.g. Star Trek where there is no money, greed!

DS9?
Eg Quark.

Quark is the owner of a bar. Like most of his species (with the notable exception of his brother Rom), he is extremely greedy and willing to do whatever it takes to acquire more latinum.