Thursday, January 22, 2009

Remember the VAT rate when you hit 50

Not to everyone's style and too late for me but when you hit age fifty you could claim:
"I'm not 50, I'm 43 plus VAT"
When VAT goes back up to 17.5%, 50 yr olds will be 42 plus VAT!

I suppose you could try a similar approach if caught speeding at anything upto 15% above the limit, but I wouldn't recommend it!

1 comment:

Matt said...

Ha! That'd be a good one.

Sorry officer, but I was just..!

Yes, very well sir, we'll only fine you X + VAT!! ;)

Are some tax advisers paying more than they need to?

Some years ago on my first visit to Penrith, Cumbria, to present a talk to the local CIOT branch, I took a cab to the venue.  The driver ask...