UK VAT Reduction - 17.5% > 15%
UK VAT Reduction - 17.5% > 15%
Out of context: Reply #25
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- mimeartist_com0
Moth... the problem caused is exactly like people like yourself, through no mistake of your own I might add... take this example...
say I have a product for £1000,
then the price is £851.06 + VAT...
now if I add the 2.5 percent to the price... it would be £872.35
now if I add 15% VAT to that it is £1003.19
So if you want to keep you're price, then you need to take the final price with original VAT, and take 15% off that... eg...
1000 / 1.15 = 869.57 and then add 15% VAT which should bring you back to your 1000