Quote:
Originally Posted by paulsalter
But it isnt, you still dont understand what VAT is, you keeping thinking there is a price for the book and VAT is added to that
The price is £3.99, doesnt matter if VAT is 20% or 0%, the price is £3.99
This £3.32 you keep mentioning is irrelevant
|
Everything has a price and VAT is added to that. That is how it works.
£3.99 is the price WITH VAT. £3.32 is the price when VAT is removed. VAT has been removed by the UK government. So the price should be £3.32 because there is no need to collect VAT.
An item is not £3.99 with or without VAT. That's not how it works.
https://www.gov.uk/vat-businesses/in...clusive-prices
Quote:
VAT-exclusive prices
To work out a price excluding the standard rate of VAT (20%) divide the price including VAT by 1.2.
|
When you have an item that has VAT ad the VAT has been removed, the price is lowered. Because the price is not lowered, that means that VAT-exclusive price has been raised to be the same as it would have been VAT-inclusive.
How can you not see this is how it is?