Quote:
Originally Posted by paulsalter
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
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20 pence. Going off memory, the first 4 items on your shopping list are VAT exempt so the greeting card is the only item on which you are paying VAT. Unless of course, you paid £5 for used postage stamps.
You made a cash payment? In these parts, quite a few retailers are not accepting cash. They also prefer that you use a tap credit or debit card over inserting a chip card.