I know it is and I agree with it being suggested. It was just irrelevant to the question asked and the shock, horror tone belongs in the Mail.But it is worth it Fred26. Mine is only going up £200 but that is nearly 10% so if my renewal date was mid-jan it would be worth losing 2 weeks. It is June however so not worth it!
For goodness sake get some perspective. Our current government is determined to reduce it's subsidy support of TOCs by 1/3rd. How else should TOCs propose to raise the lost money back other than fare rises.as the Government seeks to discourage us from using rail.
Why are they talking of rail 'subsidy' and road 'investment' then? It's determined wrongly too - the routes are unprofitable, why should those who live in rural areas be charged disproportionately more? However, the Gov't is applying this to the rest of the England and Wales - so the premium paying operators will be able to milk it and pay more to the Gov't.For goodness sake get some perspective. Our current government is determined to reduce it's subsidy support of TOCs by 1/3rd. How else should TOCs propose to raise the lost money back other than fare rises
Er, are you sure?Bear in mind that (whilst tickets may be Zero Rated), some of the things which TOCs (and ROSCOs etc) purchase from suppliers will be affected by the VAT increase. So, they will be faced with higher costs they need to make back from somewhere...
Ah, fair enough - I thought that if a supplier to a TOC (e.g. staff uniforms) increased their price due to VAT then the TOC would have paid a higher priceEr, are you sure?
Are any TOCs not registered for VAT? I'm sure they all should be (I'm aware of the various dispensations and thresholds but don't think that any of these would apply).
If I'm right, then they would simply be reclaiming all 'Input Tax' at the end of each quarter in the same way as every other VAT-registered body. In otherwords - there's no change.