Thursday, January 22, 2009

Remember the VAT rate when you hit 50

Not to everyone's style and too late for me but when you hit age fifty you could claim:
"I'm not 50, I'm 43 plus VAT"
When VAT goes back up to 17.5%, 50 yr olds will be 42 plus VAT!

I suppose you could try a similar approach if caught speeding at anything upto 15% above the limit, but I wouldn't recommend it!

1 comment:

Matt said...

Ha! That'd be a good one.

Sorry officer, but I was just..!

Yes, very well sir, we'll only fine you X + VAT!! ;)

A dozen laws of accountancy that weren't covered in your studies

Trial balances don’t. (Not always, anyway) Working capital does not. (Work, that is) Liquidity tends to run out. (Faster than you thin...