6 month VAT cut

Golly is right. The idea of a VAT cut is to help keep products affordable so people keep being able to afford them not to make the products more profitable for those selling them. A lot of town fans are going to see challenging times in the coming months like people all over the country. The club absolutely will benefit from passing on the VAT cut as more people will be able to come to games.

And if people can afford to give the VAT saving to the club then great - buy shares, spend it in the club shop, buy a ticket for a friend who has just lost their job.

Quoted from SDUTM

A price cut does the club no favours at all as unpopular as that may be. For me it should mean no price increase rather than a price cut as we still have a black hole in the finances to plug. If we was flush in money, then yes the club should reward the fans by cutting prices however we are not. I would not expect any discounts to be announced any time soon as we are likely to be behind closed doors for a while, with a very expensive testing regime for Covid-19 of the players. Club has to think all about survival for now as JF is not going to plug any gap in the finances anytime soon.

As has been mentioned it is not a price cut that affects GTFC as they will still get the full pre-VAT price.

If football qualifies then it would be a reduction in what fans pay and may just mean more turn up for the games if fans are allowed in, meaning more cash for GTFC.

Would be really good of the football authorities and government to get together and let the football attending public know whether the debate about reduced ticket costs is worth having or are we watching it all on the internet next season.

Quoted from LH

Would be really good of the football authorities and government to get together and let the football attending public know whether the debate about reduced ticket costs is worth having or are we watching it all on the internet next season.

It’s a case of the left hand not knowing what the right hand is doing! I think the difficult situation for leagues 1 & 2 is if they have to follow the current testing regime which the club has stated will cost £10k a week. If difficult to see how any club could sustain such costs, especially with no fans in the ground providing income. I would imagine that most clubs cannot afford to come back with an imposed testing regime that they have to pay for, the EFL & FA should provide this service for free or ask the players to visit testing stations where the tests are provided for free.

Hard to see it costing £10K a week

If the club cut the prices by 15% inline the with the VAT cut, and increased them again in January when the VAT goes back up to 20% people will be criticising the club for raising prices by 15%!

The club can't win

The VAT rate has been reduced to help kick start the economy & encourage people to buy more goods & services as prices will be cheaper not to protect vendors profitability. Any business that does not use this to drive more volume will ultimately recover a lot slower if at all.

Simple - While the cut is in place all businesses it applies to should pass the benefit on to its customers. When it reapplies prices will go up like they did when the rate went from 15% to 17.5 and then 20%.

The HMRC are currently investigating a number of businesses who have abused the furlough scheme you’d imagine that they’d take the same approach if greedy businesses bank the VAT benefit.

Quoted from HertsGTFC

The VAT rate has been reduced to help kick start the economy & encourage people to buy more goods & services as prices will be cheaper not to protect vendors profitability. Any business that does not use this to drive more volume will ultimately recover a lot slower if at all.

Simple - While the cut is in place all businesses it applies to should pass the benefit on to its customers. When it reapplies prices will go up like they did when the rate went from 15% to 17.5 and then 20%.

The HMRC are currently investigating a number of businesses who have abused the furlough scheme you’d imagine that they’d take the same approach if greedy businesses bank the VAT benefit.

Are you too young to remember when VAT replaced purchase tax? Think it initially may have been set at 5% but quickly increased to 8% in early seventies but buying “luxury” items like a colour tv attracted a much higher rate but memory does not allow me to recall that level.

Quoted from Lincoln Mariner 56

Are you too young to remember when VAT replaced purchase tax? Think it initially may have been set at 5% but quickly increased to 8% in early seventies but buying “luxury” items like a colour tv attracted a much higher rate but memory does not allow me to recall that level.

Yes just before my time but it might explain why we didn’t get a colour telly until the 74 World Cup.