New UK VAT prices (1 Viewer)

[Rob]

The new vat prices come into effect today and theres lots of argument about if it will make any difference in the whole.But on the TS front every little helps.I just checked out K&C UK's website and the new prices are up.It makes some of the older stuff a real bargain,the AK gun for instance is now only £124 which makes it a no brainer for me.I also saw the excellant Bulge howitzer is only around the £80 mark great value for this set.With the pound to dollar rate as it is right now theres still some bargains to be found and this vat cut is welcome.Worth bearing in my mind if you are heading for the show on Saturday.

Rob

 

[marco55]

We in the states (most states) pay a sales tax when we buy something.Is your VAT similar to that?I worked with a guy from England and he said that we get a lot more net pay back here.With all my deductions I have 34/35% of my pay taken out, if you have much more taken out in the UK how do you live?I heard a lot of British celeberties come here to become citizens because of the tax rates,if thats true it must be hard to live comfortable.
Mark

 

[thebritfarmer]

VAT is the same as our sales tax. I often wonder how people make a living over there hence why we are now in Canada.

 

[Canadian Samurai]

Of all places you came to Canada to escape sales tax? Oh dear. I'm sure you're loving our nice juicy 13%, which I guess is still better than the UK's new 15%.

 

[thebritfarmer]

Of all places you came to Canada to escape sales tax? Oh dear. I'm sure you're loving our nice juicy 13%, which I guess is still better than the UK's new 15%.

Not so much that but food, clothing, gas, housing, cars, toy soldiers pretty much everything is cheaper.

 

[UKReb]

Avoiding toy soldiers prices and just to give you guys an idea of how our illustrious government's brains work; here is a good example of how they are helping us hard pressed recession bound Brits by reducing VAT by a whole 2.5%.

An average widescreen LCD TV costs in the region of £800 which did include 17.5% VAT but by reducing that tax by 2.5% the TV purchaser saves himself a whole £3.50 which will no doubt make thousands of Brits rush to the store.

And Prime Minister Brown still gives his maniacal grin when interviewed saying this will definitely help all hard working families during these turbulent times...
Jeeez! with guys like him helping us we are all going to hell in a hand cart.

Reb

 

[Rob]

Avoiding toy soldiers prices and just to give you guys an idea of how our illustrious government's brains work; here is a good example of how they are helping us hard pressed recession bound Brits by reducing VAT by a whole 2.5%.

An average widescreen LCD TV costs in the region of £800 which did include 17.5% VAT but by reducing that tax by 2.5% the TV purchaser saves himself a whole £3.50 which will no doubt make thousands of Brits rush to the store.

And Prime Minister Brown still gives his maniacal grin when interviewed saying this will definitely help all hard working families during these turbulent times...
Jeeez! with guys like him helping us we are all going to hell in a hand cart.

Reb

Can't agree at all here Reb.A hand cart is far too slow,i feel its more of a bullet train!

Rob

 

[Gazza]

Maybe you should be Chancellor of the Exchequer with such great maths !!!

Last time I checked 2.5% of GBP800 was not GBP 3.50 !!!

But agree it will do nothing to stimulate GB

Cheers

Avoiding toy soldiers prices and just to give you guys an idea of how our illustrious government's brains work; here is a good example of how they are helping us hard pressed recession bound Brits by reducing VAT by a whole 2.5%.

An average widescreen LCD TV costs in the region of £800 which did include 17.5% VAT but by reducing that tax by 2.5% the TV purchaser saves himself a whole £3.50 which will no doubt make thousands of Brits rush to the store.

And Prime Minister Brown still gives his maniacal grin when interviewed saying this will definitely help all hard working families during these turbulent times...
Jeeez! with guys like him helping us we are all going to hell in a hand cart.

Reb

 

[UKReb]

Maybe you should be Chancellor of the Exchequer with such great maths !!!

Last time I checked 2.5% of GBP800 was not GBP 3.50 !!!

But agree it will do nothing to stimulate GB

Cheers

Oh Dear!

I have no idea where you learned your maths but 17.5% of £800 = £140.00 and 2.5% of £140 = £3.50
Well it did when I was at school!

Reb

 

[Gazza]

Ha ha - where ever I learnt my maths ... it was at a proper school, with a calculator not an abacus !!!

It is 2.5% (actually 2.1%) off the total, not 2.5% off the 17.5%.

I have attached an example for you - suggest you google to check !!!

Richard Dodd, of the British Retail Consortium, said he was confident that shops would pass on the reduction, but pointed out that the impact on prices would actually be to reduce them by 2.1 per cent.

For example, a £100 television with VAT at 17.5 per cent is priced at £ 117.50 in shops. VAT at 15 per cent takes the price down to £115, but the £ 2.50 saving on the £117.50 television - in percentage terms - is a 2.13 per cent fall.

Game, set and match

Oh Dear!

I have no idea where you learned your maths but 17.5% of £800 = £140.00 and 2.5% of £140 = £3.50
Well it did when I was at school!

Reb

 

[thebritfarmer]

So if you deduct 17.5% (£140.00)from £800 that gives you £660.00 Add the VAT at 15% £99.00 gives you a total of £759.00. Saving you £41.00, if that is the case that has to be better than a slap in the face !!

 

[UKReb]

Ha ha - where ever I learnt my maths ... it was at a proper school, with a calculator not an abacus !!!

It is 2.5% (actually 2.1%) off the total, not 2.5% off the 17.5%.

I have attached an example for you - suggest you google to check !!!

Richard Dodd, of the British Retail Consortium, said he was confident that shops would pass on the reduction, but pointed out that the impact on prices would actually be to reduce them by 2.1 per cent.

For example, a £100 television with VAT at 17.5 per cent is priced at £ 117.50 in shops. VAT at 15 per cent takes the price down to £115, but the £ 2.50 saving on the £117.50 television - in percentage terms - is a 2.13 per cent fall.

Game, set and match

Gazza

You're far cleverer than me! and far too smart for this old dog who has now thrown his fuzzy felt abacus away- remind me never to tussle with you again!

Reb

 

[Gazza]

That made me laugh out loud ... I must be as old, as I remember fuzzy felt all too well !!!

Definately not cleverer - trust me !!!

Cheers

Gazza

You're far cleverer than me! and far too smart for this old dog who has now thrown his fuzzy felt abacus away- remind me never to tussle with you again!

Reb

 

[Tony Neville]

Guys

I got a headache and deleted my previous post trying to explain it!!!

Lets just say i use SAGE at work to do all the acocunting and avery nice young lady called Catherine who tells me that it is 2.13% not 2.5% and that really 17.5% VAT that was was actually worked out to be more like 16%

I just smile nicely and say yeasssssssssssss!!!

Tony

 

[Gazza]

Tony

I live in the Gulf and so I say ....

Wot VAT and smile nicely !!!

Cheers

Guys

I got a headache and deleted my previous post trying to explain it!!!

Lets just say i use SAGE at work to do all the acocunting and avery nice young lady called Catherine who tells me that it is 2.13% not 2.5% and that really 17.5% VAT that was was actually worked out to be more like 16%

I just smile nicely and say yeasssssssssssss!!!

Tony

 

[Tony Neville]

GAZZA

I feel your pain!!! lol

My friend is a naval engineer and he was looking at getting a land based UK job.............i shocked him when i explained the income tax........he was.........Was being the operative word going to go for a £50k job until i explained how much he will be paying in tax and therefore his take home!! he works for BP at the moment and pays.........0, Nowt, nilch!!!

Needless to say he is doing another few years at sea!!

Tony

 

[Canadian Samurai]

An average widescreen LCD TV costs in the region of £800 which did include 17.5% VAT but by reducing that tax by 2.5% the TV purchaser saves himself a whole £3.50 which will no doubt make thousands of Brits rush to the store.

Enticing consumers to buy a widescreen LCD TV made in China would do little to help the UK's economy in any event, besides increasing the trade deficit with Asia that lies at the heart of much of the West's current economic woe.

 

[Gazza]

Tony

My pain is your gain !!!

You have delivered quite a few Napoleonics and WWII tanks to my UK address !!!

Cheers

Gazza

GAZZA

I feel your pain!!! lol

My friend is a naval engineer and he was looking at getting a land based UK job.............i shocked him when i explained the income tax........he was.........Was being the operative word going to go for a £50k job until i explained how much he will be paying in tax and therefore his take home!! he works for BP at the moment and pays.........0, Nowt, nilch!!!

Needless to say he is doing another few years at sea!!

Tony

 

[VanguardFC007]

Sounds so much more complicated than just a simple sales tax. G-d bless Washington and the Continentals for saving us from this massive head ache. I jest, I do have a fondness for the family heritage of Scotland.


Harris

 

[Wraith]

Er.... bit confused. Can I get a widescreen LCD TV for £3.50 or not?