July will be a terrible month for businesses and consumers...at least in August we can start finding ways around VAT with the new loopholes they just created in the system.
The problem is this...the retailers need to adjust everything up to 12% for the month of July...change all the prices on the shelf, deal with the blow of importing the breadbasket items at 12% before all of a sudden the rate drops to 0 in August and all the VAT paid at the front end is lost. It would be better to hold the line at 7.5% through July, move the items to 12% that move to 12% and drop the items to 0% at the same time. Never mind the impact it will have on creating massive loopholes in how inland revenue monitors the margins that people report on the VAT returns. Variable VAT makes that almost impossible to calculate an acceptable 'margin of error' and the devious ones will play that out to the max!!
B_I_D___ says...
They mussy be doing it wrong...if Flowers brings in over 100M a year...I call that a bit hyper profitable...
On 50 jobs go as web shops shut own after tax hike approved
Posted 20 June 2018, 10:04 a.m. Suggest removal
B_I_D___ says...
...then do it all over again in August for the big bulk of breadbasket items!!
On Breadbasket 'zero rate' delayed until August 1
Posted 20 June 2018, 7:30 a.m. Suggest removal
B_I_D___ says...
July will be a terrible month for businesses and consumers...at least in August we can start finding ways around VAT with the new loopholes they just created in the system.
On Breadbasket 'zero rate' delayed until August 1
Posted 19 June 2018, 4:01 p.m. Suggest removal
B_I_D___ says...
Yet another law in the books that will never be enforced.
On Texting while driving to be made illegal
Posted 19 June 2018, 2:55 p.m. Suggest removal
B_I_D___ says...
The problem is this...the retailers need to adjust everything up to 12% for the month of July...change all the prices on the shelf, deal with the blow of importing the breadbasket items at 12% before all of a sudden the rate drops to 0 in August and all the VAT paid at the front end is lost. It would be better to hold the line at 7.5% through July, move the items to 12% that move to 12% and drop the items to 0% at the same time. Never mind the impact it will have on creating massive loopholes in how inland revenue monitors the margins that people report on the VAT returns. Variable VAT makes that almost impossible to calculate an acceptable 'margin of error' and the devious ones will play that out to the max!!
On Breadbasket 'zero rate' delayed until August 1
Posted 19 June 2018, 2:53 p.m. Suggest removal
B_I_D___ says...
Welcome to the Banana Republic...we are our own worst enemies...
On Govt deals: 2/3 of firms need 'personal contacts'
Posted 15 June 2018, 3:55 p.m. Suggest removal
B_I_D___ says...
This is not the correct aircraft for this story.
On A photo of the crashed plane from social media.
Posted 6 June 2018, 3:33 p.m. Suggest removal
B_I_D___ says...
There is also a youtube video of the aircraft... "N421MM Arrival at KCMH 19 April 2012"
On UPDATED: Three American men killed in Eleuthera plane crash
Posted 6 June 2018, 3:33 p.m. Suggest removal
B_I_D___ says...
Google N421MM that is your aircraft, and it is a 421...the lead photo is incorrect.
On UPDATED: Three American men killed in Eleuthera plane crash
Posted 6 June 2018, 3:24 p.m. Suggest removal
B_I_D___ says...
First instinct on the first aircraft is a Tobago, but the rear window doesn't quite match the profile.
On UPDATED: Three American men killed in Eleuthera plane crash
Posted 6 June 2018, 2:57 p.m. Suggest removal