VAT on our products is now 15%!

We are passing on the whole saving to our customers
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.