Quote:
Originally Posted by JSWolf
Why do you think the price with VAT equals the same price when VAT is removed?
20% is added to the price. That money goes to the government. So when VAT is not added, the price is the price before VAT is added.
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I'm surprised that issybird hasn't swooped down on you for that. One more example of you making false claims because of faulty thinking and faulty math.
If an item is priced £5 and VAT is 20% then VAT is £1 and the ex VAT price you are so obsessed with is £4, so
25% is added to that price.
Not only have you been wasting everyone's time by your ceaseless insistence that the amount paid at the point of sale is not the price when that is the very definition of price, but you screw up your math by using the ex VAT price as the basis for applying the VAT rate.