Thread: Amazon faces class-action lawsuit over eBook pricing
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Old 02-02-2021, 04:15 AM   #136
paulsalter
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Join Date: Nov 2011
Location: UK
Device: Kindle Fire HD8
Quote:
Originally Posted by DNSB View Post
More that I am disagreeing with the implication that the average person is too stupid to realize that when the VAT on a product being sold for dropped from 20% to 0% on a product being sold for £100 and the price charged to them does not change, the seller is now collecting £100 instead of £83.33 so their profit has increased by £16.67.
It's not a case of too stupid, it's more a case of dont really care what the VAT rate is

Here is a small example for you

I went shopping on Saturday for some things (rounded prices up to nearest pound to make figures easier)

Newspaper £2
Pint of milk £1
Postage Stamps £5
Magazine £1
Greetings card £1

This comes to a nice £10
How much VAT was there on this?

This is a real example, I did not receive a receipt as it was a cash payment so did not want one
Last edited by paulsalter; 02-02-2021 at 04:24 AM.
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