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VAT Cut = Ticket Price Reduction

Discussion in 'Molineux Mix Archive' started by Kenny-11, Nov 26, 2008.

  1. Kenny-11

    Kenny-11 Guest

    Everton and Hull both announce that due to VAT reduction they are reducing ticket prices (Everton match day tickets to go down a £1)

    Will Wolves follow??
     
  2. Dewsburywolf

    Dewsburywolf Just doesn't shut up

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    I thouight you couldn't change your prices mid season (QPR scenario)
     
  3. Broseleywolf

    Broseleywolf Guest

    I think you might be able to, as your prices are the same, it's just the tax that has changed.
     
  4. manc_wolf

    manc_wolf Just doesn't shut up

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    the ticket price isn't changing - the VAT is
     
  5. Chiswick_Wolf

    Chiswick_Wolf Just doesn't shut up

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    Basically its a toss up between lopping a quid off the tickets in an act of goodwill to the fans or keeping the prices the same and taking the extra revenue yourself. I'm not too concerned if the club keep the prices the same as they are now, although I would be very pleased if they did take the VAT change off the tickets.
     
  6. Does that mean a rebate for STHs?

    Probably wishful thinking!!
     
  7. Del Woppio

    Del Woppio Guest

    Would ask currys for a rebate if you bought a TV in March?
     
  8. andy-in-seat-190

    andy-in-seat-190 Moderator

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    ...
     
    Last edited by a moderator: Nov 26, 2008
  9. Depends how skint i was!! :p

    On a serious note, I think a reduction (even if it is only £1) in prices would definitely be seen as a good gesture on the part of the club.
     
  10. long ball man

    long ball man Just doesn't shut up

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    2.5% of £24 is 60p so in theory Jack/Stan prices should go down by that.
     
  11. itsonlyagame

    itsonlyagame Guest

    But they won't. Restaurants won't reprint thier price lists either. Neither will most businesses. It's a stupid exercise implemented by stupid politicians and will only be a placebo to thosse stupid enough to believe that it would be passed on. Totally moronic gesture.
     
  12. Woburn Wolf

    Woburn Wolf Just doesn't shut up

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    No chance as VAT is levied at the point of sale which was long before the VAT reduction.
     
  13. djackl

    djackl Just doesn't shut up

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    In the end, it would probably cost the club 60p a ticket to implement the changed ticket pricing anyway, or at least enough to make it not worthwhile for anybody.
     
  14. glasgowwolf

    glasgowwolf Just doesn't shut up

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    A lot if restaurants don't charge VAT, not everyone has to.

    Businesses with an annual income of less than 67,000 don't register and don't charge VAT.

    It's a pain in the $$$$ for me, however I totally understand why it's being done. I charge 17.5 VAT, however I only pay 12% VAT to the governement, it's a deal in the 1st year of trading.

    Businesses charge VAT, and Claim any VAT back they Pay.

    Will it work, who knows, however at least they are doing something, unlike the early 80's when the government caused the recession.
     
  15. glasgowwolf

    glasgowwolf Just doesn't shut up

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    VAT is charged on Invoice date. Ill be invoicing Friday instead of Monday this week.
    Then I can still charge 17.5%.....
     
  16. Ulver

    Ulver Just doesn't shut up

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    I think we've charged out clients more to correct their systems than all of their customers would possibly be saving so its benefitting us anyway!
     
    Last edited by a moderator: Nov 26, 2008
  17. glasgowwolf

    glasgowwolf Just doesn't shut up

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    Yes I know a few places where this is gonna cost a few quid.

    Programmers are damn idle, i'll bet a few systems have 17.5% hard coded :)

    I am working on a Turkish system, so I don't have to worry
     
  18. Ulver

    Ulver Just doesn't shut up

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    Tell me about it. I dont get involved at that level but im pretty sure thats the case. Amused me as in finance it took about all of of 5secs to implement the change..
     
  19. jonesey85

    jonesey85 Guest

    Spot on.
     
  20. Edgmond Wolf

    Edgmond Wolf MolMix Poster of the Season Runner Up 2011-2012

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    Lets invest it, Wolves to win

    Come on Wolves
     
  21. Dewsburywolf

    Dewsburywolf Just doesn't shut up

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    Bloody Hell Edgmond let's not go mad. Surely our recent History tells you never to bet on the Wolves.
     
  22. Edgmond Wolf

    Edgmond Wolf MolMix Poster of the Season Runner Up 2011-2012

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    I never bet but I might invest in a glass or two to celebrate ;)
     
  23. sy king

    sy king Guest

    it wont affect the bottom line of about 70% of businesses anyway... its purely for retail.. its going up to 18.5% in a year anyway (if you believe what the papers say)
     
  24. boon

    boon Guest

    If ticket prices cannot change mid-season clubs surely must apply the new VAT rate on their sales as of when it comes into force and so any reduction must be passed onto the purchaser. If not, it`s effectively an increase in the ticket price.
     

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