Thanks Graham.
Yeah, I reckon it's going to be more hassle than its worth. Frankly, if we have to add VAT on to the proft margin not only does this make us even less competitive cf. the internet, it's also extra paperwork we don't need in a profitless business.
I note that besides Budget sacking 100 staff and closing 14 shops, Falcon have started to shut shops and have made 50 staff redundant. Both Budget and Falcon have all their remaining staff on three day week. There are now about 200 travel agency retail outlets cf 350 two years ago.
In a few weeks there'll be far less. In a year perhaps a 100.
The crazy thing is that most of my surviving collagues seem unaware of the consequences of the new VAT legislation. I'm not in ITAA but know they're in discussion (argument) with the VAT Intepretation people who still seem to be struggling to get their heads around the new law.
This new law will close many of us and thus will produce no extra revenue. Instead, there'll be more on the dole and it will cost the govnt; a common consequence of new or increased taxation.
As regards that Greek villa- funny you said that; I am presently trying to sell mine !! (no joke -on island of Samos -more a gite than a villa).
Anyway, Graham, you seem to know more than anyone I've talked with.
Many Thanks !
Yeah, I reckon it's going to be more hassle than its worth. Frankly, if we have to add VAT on to the proft margin not only does this make us even less competitive cf. the internet, it's also extra paperwork we don't need in a profitless business.
I note that besides Budget sacking 100 staff and closing 14 shops, Falcon have started to shut shops and have made 50 staff redundant. Both Budget and Falcon have all their remaining staff on three day week. There are now about 200 travel agency retail outlets cf 350 two years ago.
In a few weeks there'll be far less. In a year perhaps a 100.
The crazy thing is that most of my surviving collagues seem unaware of the consequences of the new VAT legislation. I'm not in ITAA but know they're in discussion (argument) with the VAT Intepretation people who still seem to be struggling to get their heads around the new law.
This new law will close many of us and thus will produce no extra revenue. Instead, there'll be more on the dole and it will cost the govnt; a common consequence of new or increased taxation.
As regards that Greek villa- funny you said that; I am presently trying to sell mine !! (no joke -on island of Samos -more a gite than a villa).
Anyway, Graham, you seem to know more than anyone I've talked with.
Many Thanks !