Quote:
Originally Posted by HarryT
How interesting - we don't look at it that way; we regard our VAT rate as being 17.5% from the viewpoint of both the consumer and the business.
As long as you do the maths right, it all works out the same, of course.
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In formal setting we do it the same way as you to avoid confusion but informally the concept the percentage of the actual price that is VAT exists in peoples mind. And the actual price for consumers always includes VAT. I think there is a law about this. So web sellers selling to companies display the price without VAT and sellers selling to consumers must display the price including VAT.