ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
8 July 2020, 07:55 AM | #1 |
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Vat cut in UK
If there is a VAT tax cut in the Uk tomorrow, will that reduce the prices of Rolexes or will they just adjust prices to suit? Would be a big saving on the more expensive models.
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8 July 2020, 07:59 AM | #2 |
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I don’t think there will be a vat cut until autumn. Especially when the furlough scheme fully ends
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8 July 2020, 08:00 AM | #3 |
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8 July 2020, 08:15 AM | #4 |
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Stick my neck out here, don't think there will be any Cut in Vat anytime soon.
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8 July 2020, 08:22 AM | #5 |
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As a Yank, I'd prefer getting ~15% VAT back unless they lower the prices as well.
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8 July 2020, 08:27 AM | #6 |
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If there is one, I hope HMRC requires retailers to pass on the savings to their customers.
If there isn’t this requirement, I would bet that retailers would keep the pricing the same and pocket the VAT. Sent from my iPhone using Tapatalk |
8 July 2020, 12:47 PM | #7 |
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What about the £500 shopping voucher from the government to spend on a new Rolex or Tudor?
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8 July 2020, 01:11 PM | #8 |
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The only cut I’ve seen as soon as Wednesday is a temporary VAT cut for hospitality firms to protect jobs in the sector. If there is a wider version later, don’t expect luxury goods to be included. Cars maybe, consumer durables, PCs to help distance learning...but Rolex? Nope I don’t see that happening. The optics alone could cause a crisis in confidence. Sent from my iPhone using Tapatalk Pro
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8 July 2020, 04:38 PM | #9 |
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The VAT cut that has been talked about will not be passed on to the customers, its to help businesses recover capital lost during the lockdown.
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8 July 2020, 05:02 PM | #10 |
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8 July 2020, 05:21 PM | #11 |
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I would imagine the intention of a vat reduction is to stimulate spending, so would be intended for the customer.
I was also of the impression that the reduction would be targeted on certain sectors and not a blanket reduction. So luxury watches and jewellery may find itself out in the cold while harder hit industries are given the reduction to boost sales. It’s all conjecture right now though. |
8 July 2020, 05:24 PM | #12 |
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given the state of the economy and government finances I suspect any VAT cut will be focussed on the industries in greatest need.
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8 July 2020, 05:34 PM | #13 |
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Yes I truly hope they do not reduce vat on luxury items. Rather other items that will help those most affected.
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8 July 2020, 10:47 PM | #14 |
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Just announced by the Chancellor that there'll be a temporary cut to VAT on food, accommodation and attractions from 20% to 5% from 15 July 2020 to 12 January 2021.
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There's no such thing as a Submariner No Date, it's simply Submariner. You don't call a Porsche 911 Turbo, a Porsche 911 Turbo No S. www.instagram.com/sutatshorology Post Your Rolex/Tudor Watch Weight (PYRTWW) |
9 July 2020, 04:59 AM | #15 |
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united kingdom , vat |
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