Yes 20% Vat is here on DIY upvc windows.I'm happy about this no I'm bloody not.I remember In 1990 (down memory lane again).My old boss now passed on telling me the year they introduced VAT on upvc diy double glazing
" If you paid before April 4th that year it was 15% cheaper" He said glowing
"We were stacked out with work I bought the BMW that year" It was a Red M5 that Jim drove like a loon and at the age of 64.A great car we had many fast appointments in that.
So there you have it. To bail out the bankers and benefit scroungers you must pay more for your upvc windows from January 4th 2011.But in fact you need to blame a French man for the concept of VAT.See below some amusing or annoying facts about VAT.
• The concept of a universal sales tax was dreamed up by French tax expert Maurice Laure in 1954.
• Vegetables do not attract VAT - unless they are 'ornamental', such as a cabbage 'grown for its appearance rather than consumption'.
• Oil is charged full VAT if bought in the form of petrol, but levied at only 5% if used at home in the form of heating oil.
• VAT is not charged on children's clothing, defined as clothes which can fit 'up to the eve of their 14th birthday, as this is when the body dimensions begin to merge with those of the general adult population'.
• VAT was introduced at a rate of 10% in 1973, by Chancellor Anthony Barber under Edward Heath. It was soon reduced to 8% - with a separate higher rate of 25% - before both were consolidated as a single 15% rate in 1979.
• The Treasury expects Britons will fork out an extra £51bn over the next four years as a result of the VAT hike, equal to £35m a day.
• VAT is now higher in Britain than almost every other developed country, except most Nordic countries where it is up to 25.5%. In Hong Kong, there is no VAT.
• Between April 2010 and April 2011, Britons were charged an astonishing £80.7bn in VAT.
• VAT was stuck at 15% throughout the 1980s before John Major's government raised it to 17.5% in the early 1990s. It stayed at this level until the recession.
• Famously, no VAT is paid on Jaffa Cakes, but only after a long court battle with Her Majesty's Revenue and Customs, which included showing the judge a 12-inch Jaffa Cake to prove it is a cake (no VAT), not a biscuit (VAT).
I might add I'm a big fan of Jaffa cakes,bloody biscuits indeed!
above facts courtesy of a great website http://www.thisismoney.co.uk/news