Possible 5% VAT rate on boats??

[Nautorius]

The Eu are debating allowing a new lower level of VAT on labour intensive companies. These include restaurants, housebuilders and I would hope boat builders! If it does happen then Gordo has to agree to it first but could aid an ailing boat market.

Cheers

Paul /forums/images/graemlins/smile.gif

 

[jhr]

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Gordo has to agree to it first

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[STEVEDUNSTABLE]

IFFFFFFFFFFFFF !!!!!!!!!!!!!!! that happens, i will eat a REAL indian curryed "meal" !!!!!!!!!!

 

[epervier]

For what it's worth, the french have had 5% TVA (vat) for house renovations for a number of years, to qualify the house has to be more than 2 years old, with both materials and labour reduced to 5%TVA instead of the normal 19.6%TVA, but you have to employ registered artisans. it was introduced to protect the workers, to try to stop the black market of cash workers, 5% is better than 0%.Also building work carried out in france carries a 10 year guarantee.

 

[Deleted User YDKXO]

Yeah, I can just see that. Crash Gordon allows a 10% reduction in VAT on gas guzzling CO2 belching luxury gin palaces whilst unemployment rockets to 3m and anybody left in a job (at least in the private sector) is looking at a pay cut. Yup I guess that makes political sense