VAT on our products is now 15%!
We are passing on the whole saving to our customers
01 Dec 2008 12:01
01 Dec 2008 12:01
VAT on our products is now 15%!
We are passing on the whole 2.13% saving to our customers. Why 2.13%?
Here’s an example:
Pam's Secret Tutor Resources CD-ROM
£29.95 including 17.5% VAT
Price without VAT
£25.49 x 17.5% = £4.46
15% VAT on £25.49
£25.49 x 15% = £3.82
Price with new VAT
£8.51 + £1.28 = £29.31
So the saving is 2.13% - 64p off a £29.95 product
£29.95 - £29.31 = 64p
This reduction applies to all products which include VAT. It does not apply to VAT free items such as books. Product prices show the new VAT reduction.




