Slitherine

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ORIGINAL: E

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ORIGINAL: warspite1

Apart from wanting the thread locked, what was the point of posting that comment here?

You honestly can't recognize old fashioned trolling? *grin*

England expects that every man will do his duty. Horatio Nelson October 1805

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ORIGINAL: Andy Mac

Imagine paying for petrol if they charged the tax seperately - hello sir there is gallon of petrol tyhat will be £0.90p for the Gallon - ok and now here is the tax that will be another £5 !!!

How weould we react to that !!

England expects that every man will do his duty. Horatio Nelson October 1805

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ORIGINAL: Hartford688

Until the end consumer, each company (registered for VAT) can recover the VAT it suffers on its purchases, but then charges VAT on to its customer. the amount of the tax increases as it moves on the chain because as each company processes it ("adds value") the base cost upon which the tax % is applied increases. So the final consumer (who does not sell on) has to eat the tax. the tax is not cumulative, but increases as suppliers "add value".

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ORIGINAL: RangerX3X

If I lived in Europe I would be more concerned about the Muslim people cramming themselves into enclaves and purposely failing to assimilate so they can use your own laws against you in order to bring about Sharia ad nauseum, than your VAT issues. Either way, you gents are toast.

After 16 years, Civ II still has me in it's clutches LOL!!!
Now CIV IV has me in it's evil clutches!

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ORIGINAL: Obsolete

Anyhow, before I go on another rant in that direction, the VAT I believe is regressive, not progressive. At least that's what I remember back in Economics 101. The problem is that the poor income family who scrapes by on 30$ G a year, spends most his cash on items which are under a form of VAT. The guy who brings home 100$ K a year, may also spend roughly about 30K of that on similar items, and hence pay the same amount of vat, HOWEVER, the rest of his cash can be spent on investments and other securities which don't fall under VAT and hence, according to theory by the Tax-Man, is getting a bit of a free ride somewhere in there, despite the higher brackets.

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ORIGINAL: Obsolete

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You should try paying it sometime, before saying something that [Expletive Deleted].

I do end up paying it all the time... well unless it's groceries or other basic needs :P And while it can seem painful at times, at least I like to look at places like Sweeden which IIRC have to pay 1/4 the whole price just in vat (ouch!). That really doesn't make me FEEL as bad when taken into consideration.

Now, to the Original thread poster, I suppose if the VAT due to Matrix-Games titles is being crippling, you could try to incorporate your home-gaming room, and then see about deducting your game expenses that way :P

The only hitch is you may be in the hot-seat when you get an audit notice in the mail by Mr. Tax-Man.