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 Is the UK really thinking about abolishing 1p & 2p coins?, Or did the Italian news report I just heard just report old news? |
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| Roger Mellie |
 Jun 16 2012, 14:55
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addicted user
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QUOTE(Peperami @ Jun 13 2012, 10:50) 
Wallets never have a large enough coin compartment.
There are wallets you can get, with a zipped compartment, which goes along the length of the wallet. I have one, and there's plenty of room for £1 and rest of your coins. I find the easiest thing to do when I get so many £1 coins, is to pop into a bank and swap a few for a fiver (or £2 if one prefers). Don't forget £2 coins are only relative recent, so fewer in circulation. Binning money though... why not give it to charity? This post has been edited by Roger Mellie: Jul 30 2012, 19:31 |
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| jumbler |
Jun 16 2012, 16:59
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fmf is my life
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Do you know, of late, I hardly have any change on me??  Maybe that's because I don't go in the shops much, but when I go to the bank and draw cash, I normally keep the notes, until I have to spend them.  And I pay for my petrol by card, too. So no change there.  Makes it difficult if you want to buy a drink from the machine at work, though. |
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| Roger Mellie |
Jun 16 2012, 17:10
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QUOTE(jumbler @ Jun 16 2012, 17:59) Do you know, of late, I hardly have any change on me?? Maybe that's because I don't go in the shops much, but when I go to the bank and draw cash, I normally keep the notes, until I have to spend them... Makes it difficult if you want to buy a drink from the machine at work, though. Here are some crazy ideas for you: When you go to that bank-- why not pop in and change a note for some coins? smile.gif Failing that, there's cashback some shops offer, or maybe ask a colleague to swap notes for coins with you. Or would that all be too sensible for you? Up there for thinking, down there for dancing... This post has been edited by Roger Mellie: Jun 16 2012, 17:50 |
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| jumbler |
Jun 16 2012, 17:38
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fmf is my life
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QUOTE(Roger Mellie @ Jun 16 2012, 18:10) QUOTE(jumbler @ Jun 16 2012, 17:59) Do you know, of late, I hardly have any change on me?? Maybe that's because I don't go in the shops much, but when I go to the bank and draw cash, I normally keep the notes, until I have to spend them... Makes it difficult if you want to buy a drink from the machine at work, though. Here are some crazy ideas for you: When you go to that bank-- why not pop in and change a note for some coins?  Failing that, there's cashback some shops offer, or maybe ask a colleague to swap notes for coins with you. Or would that all be too sensible for you? Up there for thinking, down there for dancing...  Oh no, it's not like I have any trouble doing any of those things. Just... don't need to often, much... Don't think I've heard that expression before, neither. |
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| Roger Mellie |
Jun 16 2012, 17:46
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QUOTE(jumbler @ Jun 16 2012, 18:38) Oh no, it's not like I have any trouble doing any of those things. Just... don't need to often, much... I know, I was just messing, keeping up the accustomed level of assininity that abounds QUOTE Don't think I've heard that expression before, neither. I'm sure you plan to get out more soon |
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| jumbler |
Jun 16 2012, 18:03
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fmf is my life
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Joined: 27-May 04
From: somewhere in Zone 1
Member No.: 195
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QUOTE(Roger Mellie @ Jun 16 2012, 18:46) QUOTE Don't think I've heard that expression before, neither. I'm sure you plan to get out more soon If the weather changes...  |
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| jumbler |
Jun 17 2012, 03:30
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fmf is my life
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QUOTE(Roger Mellie @ Jun 16 2012, 19:04) QUOTE(jumbler @ Jun 16 2012, 19:03) If the weather changes... Your skin is waterproof you know. Really?? I hadn't noticed. Must be all the Scotch coursing through my veins... |
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| chav |
Jun 17 2012, 09:58
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casual user
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Member No.: 71725
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QUOTE(Kev @ May 5 2012, 05:41)
What's the difference between GST, VAT, and sales taxes?
All the answers up thread missed a fundamental difference between GST/VAT and sales tax. In all jurisdictions, sales taxes have been/ had been around longest. The tax was imposed on the sale of physical goods, e.g.: a candy bar, appliances, etc. As economies matured into service economies, more and more of the economic activities in a country went untaxed: business to business services, hair cuts, etc. Goods and Services Tax (GST) and Value Added Tax(VAT) as their names so obviously make clear, tax services as well as physical goods (a service is an added value), so governments are taxing more of the total economic activity in a country -> increased tax revenue. |
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| chav |
Jun 17 2012, 18:15
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QUOTE(Kev @ Jun 17 2012, 03:47)
Sales taxes include services as well.
No, they don't, not uniformly. There might be other taxes invented, such as different taxes for resto meals (a separate one for alcohol in a resto), hotel rooms, etc. Those myriad taxes exist in different states, as governments try to cover taxing economic activity that used to go untaxed by the state sales tax. But note that in business to business consultancy, it's not unusual for multimillion dollar invoices to have zero tax applied to such services. |
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| Parsifal |
Jun 17 2012, 20:15
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fmf is my life
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From: The Big Apple
Member No.: 20117
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QUOTE(chav @ Jun 17 2012, 14:15) QUOTE(Kev @ Jun 17 2012, 03:47)
Sales taxes include services as well.
No, they don't, not uniformly. There might be other taxes invented, such as different taxes for resto meals (a separate one for alcohol in a resto), hotel rooms, etc. Those myriad taxes exist in different states, as governments try to cover taxing economic activity that used to go untaxed by the state sales tax. But note that in business to business consultancy, it's not unusual for multimillion dollar invoices to have zero tax applied to such services. I think he meant some services. For example, when I get a haircut I pay sales tax, but when I go to the dentist or have a session with a trainer then I don't. |
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| Parsifal |
Jun 17 2012, 20:54
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fmf is my life
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QUOTE(Kev @ Jun 17 2012, 16:26)
What country do you live in?
I live in the US (NYS/NYC to be exact). |
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| sanitynotincluded |
Jun 19 2012, 20:44
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addicted user
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Member No.: 83
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QUOTE(chav @ Jun 17 2012, 10:58) QUOTE(Kev @ May 5 2012, 05:41)
What's the difference between GST, VAT, and sales taxes?
All the answers up thread missed a fundamental difference between GST/VAT and sales tax. In all jurisdictions, sales taxes have been/ had been around longest. The tax was imposed on the sale of physical goods, e.g.: a candy bar, appliances, etc. As economies matured into service economies, more and more of the economic activities in a country went untaxed: business to business services, hair cuts, etc. Goods and Services Tax (GST) and Value Added Tax(VAT) as their names so obviously make clear, tax services as well as physical goods (a service is an added value), so governments are taxing more of the total economic activity in a country -> increased tax revenue. QUOTE(chav @ Jun 17 2012, 19:15) QUOTE(Kev @ Jun 17 2012, 03:47)
Sales taxes include services as well.
No, they don't, not uniformly. There might be other taxes invented, such as different taxes for resto meals (a separate one for alcohol in a resto), hotel rooms, etc. Those myriad taxes exist in different states, as governments try to cover taxing economic activity that used to go untaxed by the state sales tax. But note that in business to business consultancy, it's not unusual for multimillion dollar invoices to have zero tax applied to such services. No tax is uniform in its application. It is up to the jurisdiction in which it applies to decide exactly what is covered. A sales tax can be applied to the sale of services should they be included in the law establishing the tax. The difference between a sales tax and a value added tax is that a sales tax typically applies to the full sale price of that being sold, while a value added tax applies to the profit made at each stage. The intermediate actors just pass the cost of the tax down the line anyway, so the final purchaser bares the whole cost, but with a value added tax you get the moral smugness of pretending that it is being spread about to offset against the administrative waste. |
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