Rustyboy 2 Posted January 24, 2009 If we do they have gone up two and a half percent! Share this post Link to post Share on other sites
plan b 0 Posted January 24, 2009 just what i posted on another thread, yes we do pay vat on our tickets, but you can look at it a couple of ways, that 2.5% means only about an extra tenner on average for everyone, which is about the amount constantly being touted from various groups when talking about everyone contributing to a supporters fund, or you could view it as a prime example of how the vat reduction was a complete waste of time because it is not being passed on to the consumers, its just taken as more profit for the business. Share this post Link to post Share on other sites
Kidderminster Canary 0 Posted January 24, 2009 not sure but I think the VAT reduction was only 6 months, if so no profiteering Share this post Link to post Share on other sites
Mello Yello 2,277 Posted January 24, 2009 20,000 x £10.00 = ?......Er, Mr Doncaster''s annual ''club'' salary (plus pension)....With a few bob left over for some nice carpets or decor somewhere in the infrastructure.....[:|] Share this post Link to post Share on other sites
braham 0 Posted January 24, 2009 don''t like to be pedantic but the VAT reduction works out at about a 2.1% difference not 2.5!I''m actually even annoying myself by bothering to write this! Share this post Link to post Share on other sites
Lambo 0 Posted January 24, 2009 When can we actually start renewing them? Share this post Link to post Share on other sites
William Darby 0 Posted January 24, 2009 [quote user="braham"]don''t like to be pedantic but the VAT reduction works out at about a 2.1% difference not 2.5!I''m actually even annoying myself by bothering to write this![/quote]Please explain because 17.5 % reduced to 15% = 2.5% Share this post Link to post Share on other sites
3pmkickoff 0 Posted January 24, 2009 The VAT reduction is only a temporary measure so if you''re having over half your holders spreading their payments and it changes back to 17.5% then your business is gonna be shortchanged Share this post Link to post Share on other sites
Branston Pickle 3,632 Posted January 24, 2009 Just to follow up on the 2.1%/2.5% thing....and I know I am extremely sad for following this up:Yes the old VAT rate was 17.5% and has come down to 15%, which is a 2.5% reduction. However, this is a 2.5% reduction only on the VAT bit of the purchase, the rest of it is as it was. A standard purchase has two elements to it: the sale price, and the VAT. We don''t usually see the VAT-less price, as it is usually considered as part of the purchase, but in effect you can usually consider that what you pay for something is actually 117.5% of it''s sale price, it has now been reduced to to 115%. Maths shows that the new amount will be 115%/117.5% = 97.87% of the old price, which is a 2.13% saving. Using actual figures: an item on sale at £100 ex VAT used to cost £117.50 (ie +17.5%), now it costs £115.00 (ie +15%) - a £2.50 reduction. However, £2.50 is not 2.5% lower than the original cost - if it were it would be [£117.50 * 97.5% =] £114.56, which it isn''t. It is £117.5 * 97.87% = £115. Boring? Yes, probably, but then I''m an accountant! Share this post Link to post Share on other sites
Leedscanary 336 Posted January 24, 2009 [quote user="Branston Pickle"]Just to follow up on the 2.1%/2.5% thing....and I know I am extremely sad for following this up:Yes the old VAT rate was 17.5% and has come down to 15%, which is a 2.5% reduction. However, this is a 2.5% reduction only on the VAT bit of the purchase, the rest of it is as it was. A standard purchase has two elements to it: the sale price, and the VAT. We don''t usually see the VAT-less price, as it is usually considered as part of the purchase, but in effect you can usually consider that what you pay for something is actually 117.5% of it''s sale price, it has now been reduced to to 115%. Maths shows that the new amount will be 115%/117.5% = 97.87% of the old price, which is a 2.13% saving. Using actual figures: an item on sale at £100 ex VAT used to cost £117.50 (ie +17.5%), now it costs £115.00 (ie +15%) - a £2.50 reduction. However, £2.50 is not 2.5% lower than the original cost - if it were it would be [£117.50 * 97.5% =] £114.56, which it isn''t. It is £117.5 * 97.87% = £115. Boring? Yes, probably, but then I''m an accountant![/quote] Whatever it works out Branston, I think everyone agree''s its a complete waste of time. VAT reduction simply doesn''t work. Sure, some retailers have passed it on to the consumer, but most are pocketing the difference. Hence the season ticket price query of the OP. The government should have reduced income tax in my opinion, but my real question is - how long must we suffer this un-elected Prime Minister? Share this post Link to post Share on other sites
Felixfan 53 Posted January 24, 2009 We never elect a Prime Minister. We elect MPs from political parties and the party with a majority are free to elect a leader who becomes Prime Minister. Share this post Link to post Share on other sites
Camuldonum 0 Posted January 24, 2009 [quote user="Kidderminster Canary"]not sure but I think the VAT reduction was only 6 months, if so no profiteering[/quote]No, it is in force until January 1 2010 when it will revert to 17.5 per cent.When the announcement was made, Mr Darling, our Chancellor, hoped that retailers would bring in reductions "as soon as they can."You are not alone. The government that introduced it haven''t made the cut on the VAT rates they administer either.Politicans. You''ve gotta love ''em.[:D] Share this post Link to post Share on other sites
Leedscanary 336 Posted January 25, 2009 [quote user="Felixfan"]We never elect a Prime Minister. We elect MPs from political parties and the party with a majority are free to elect a leader who becomes Prime Minister. [/quote]Got to disagree with you there Felixfan. The party leader is known to everyone at the time of a general election, and most people base their vote on that person or their policies - not the personality of their faceless local MP. In my opinion, if a party decides to change leader whilst in goverment it should trigger an automatic election, either General or between the top 3 politians in that party.Must admit I don''t like any of ''em though. Guess thats why I spend most of my time following sport, not politics. Share this post Link to post Share on other sites
plan b 0 Posted January 25, 2009 [quote user="leedscanary"][quote user="Felixfan"]We never elect a Prime Minister. We elect MPs from political parties and the party with a majority are free to elect a leader who becomes Prime Minister. [/quote]Got to disagree with you there Felixfan. The party leader is known to everyone at the time of a general election, and most people base their vote on that person or their policies - not the personality of their faceless local MP. In my opinion, if a party decides to change leader whilst in goverment it should trigger an automatic election, either General or between the top 3 politians in that party.Must admit I don''t like any of ''em though. Guess thats why I spend most of my time following sport, not politics.[/quote]much as I agree with most of your points, I think it was taken as a given that Brown was going to take over, I would have thought that everyone who voted labour last time round knew that Blair was going to make way for Brown uncontested, there was even a fictionalised drama series called ''the deal'' that explained it, plus numerous books etc. and was the subject of many discussions about when, not if, it was going to happen. It may seem wrong, but to have held another general election at the time would have been like sacking a manager from your club after only a few months in charge. As for your faceless local mp, maybe it is more worthwhile voting on them, rather than the party, as it is those people who help decide the policies, if you object about a certain issue then let them know and if enough people do it then they will make sure that issue is changed to keep their seat, dont forget that a certain local mp and season ticket holder used to be 3nd in command of the whole country a little while ago. Share this post Link to post Share on other sites
Block E Buh 0 Posted January 25, 2009 [quote user="Mello Yello"]20,000 x £10.00 = ?......Er, Mr Doncaster''s annual ''club'' salary (plus pension)....With a few bob left over for some nice carpets or decor somewhere in the infrastructure.....[:|][/quote]Fish tank? Share this post Link to post Share on other sites
Smeg 0 Posted January 25, 2009 [quote user="Felixfan"]We never elect a Prime Minister. We elect MPs from political parties and the party with a majority are free to elect a leader who becomes Prime Minister. [/quote]but how many would have voted for a labour MP if they knew Gorden Brown would be PM? Share this post Link to post Share on other sites
BBFF 0 Posted January 25, 2009 If the club thought it was acceptable not to pass on the reduction in VAT to season ticket holders why did then reduce the casual ticket prices in line with the VAT cut? http://www.canaries.co.uk/page/SCG/0,,10355~1527901,00.html To me it looks like NCFCPLC is treating us loyal season ticket holders with contempt yet again. FOOTBALL MUST COME FIRST Share this post Link to post Share on other sites
GMF 736 Posted January 25, 2009 Isn''t the critical point that the VAT is due at the time of purchase, therefore casual tickets purchased after the 1st December last year will be deemed to be at the inclusive price with VAT at 15%, rather than the previous 17.5%.As a matter of interest, if I use the installment plan to pay for next year''s season tickets, assuming that the VAT is subsequently reinstated, will all my payments be deemed to be at 15%, or will those after the change be at the new rate? Share this post Link to post Share on other sites
William Darby 0 Posted January 26, 2009 Thanks for the explanation BP. BTW it''s not that boring, it does demonstrate how we all can be mislead by figures. (unless you''re an accountant)[quote user="Branston Pickle"]Just to follow up on the 2.1%/2.5% thing....and I know I am extremely sad for following this up:Yes the old VAT rate was 17.5% and has come down to 15%, which is a 2.5% reduction. However, this is a 2.5% reduction only on the VAT bit of the purchase, the rest of it is as it was. A standard purchase has two elements to it: the sale price, and the VAT. We don''t usually see the VAT-less price, as it is usually considered as part of the purchase, but in effect you can usually consider that what you pay for something is actually 117.5% of it''s sale price, it has now been reduced to to 115%. Maths shows that the new amount will be 115%/117.5% = 97.87% of the old price, which is a 2.13% saving. Using actual figures: an item on sale at £100 ex VAT used to cost £117.50 (ie +17.5%), now it costs £115.00 (ie +15%) - a £2.50 reduction. However, £2.50 is not 2.5% lower than the original cost - if it were it would be [£117.50 * 97.5% =] £114.56, which it isn''t. It is £117.5 * 97.87% = £115. Boring? Yes, probably, but then I''m an accountant![/quote] Share this post Link to post Share on other sites
Mark .Y. 351 Posted January 26, 2009 [quote user="GazzaTCC"]Isn''t the critical point that the VAT is due at the time of purchase, therefore casual tickets purchased after the 1st December last year will be deemed to be at the inclusive price with VAT at 15%, rather than the previous 17.5%.As a matter of interest, if I use the installment plan to pay for next year''s season tickets, assuming that the VAT is subsequently reinstated, will all my payments be deemed to be at 15%, or will those after the change be at the new rate?[/quote]They will all be at 15% as at the time of the sale that was the VAT rate. How long you take to pay it and on what terms does not matter to the VAT man.Mark .Y. Share this post Link to post Share on other sites
GMF 736 Posted January 27, 2009 Thanks for that, Mark Y. That''s how I thought it would work. So, by implication, assuming that renewals hold up at the same levels as last year, the Club will actually have an increase in net revenues Share this post Link to post Share on other sites
Castle Acre Canary 0 Posted January 27, 2009 Yes we do and with the reduction in VAT in effect the club have put up ex- VAT prices by 3.03%! For example if we paid £100 for our tickets before, £17.50 went in VAT and the club got £82.50. Now VAT is 15% not 17.5% with prices" frozen" at £100 the club will get £85. A 3.03% price increase! To me it is not the money it is the duplicitous way the club try to make out they are doing us a favour! Share this post Link to post Share on other sites
City 2nd 191 Posted January 27, 2009 Mello Yello wrote the following post at 24/01/2009 3:41 PM: 20,000 x £10.00 = ?......Er, Mr Doncaster''s annual ''club'' salary (plus pension)....With a few bob left over for some nice carpets or decor somewhere in the infrastructure..... As a person who knows a little bit about VAT........what the hell makes you think it pays someone''s salary.......VAT is a tax charged by the HMRC (HER MAJESTY''S REVENUE AND CUSTOMS) and is payable (by the club) to that body..........muppet. Share this post Link to post Share on other sites
Mello Yello 2,277 Posted January 27, 2009 [quote user="porkyp"]Mello Yello wrote the following post at 24/01/2009 3:41 PM:20,000 x £10.00 = ?......Er, Mr Doncaster''s annual ''club'' salary (plus pension)....With a few bob left over for some nice carpets or decor somewhere in the infrastructure.....As a person who knows a little bit about VAT........what the hell makes you think it pays someone''s salary.......VAT is a tax charged by the HMRC (HER MAJESTY''S REVENUE AND CUSTOMS) and is payable (by the club) to that body..........muppet.[/quote]I thought a vat was something you brewed beer in?[:^)].....Pigchops. Share this post Link to post Share on other sites
Mello Yello 2,277 Posted January 27, 2009 [quote user="Mello Yello"][quote user="porkyp"] Mello Yello wrote the following post at 24/01/2009 3:41 PM:20,000 x £10.00 = ?......Er, Mr Doncaster''s annual ''club'' salary (plus pension)....With a few bob left over for some nice carpets or decor somewhere in the infrastructure.....As a person who knows a little bit about VAT........what the hell makes you think it pays someone''s salary.......VAT is a tax charged by the HMRC (HER MAJESTY''S REVENUE AND CUSTOMS) and is payable (by the club) to that body..........muppet.[/quote]I thought a vat was something you brewed beer in?[:^)].....Pigchops.[/quote]I SAID PIGCHOPS! Share this post Link to post Share on other sites