As of 1 December the Darling Chancellor has announced that VAT will be cut from 17.5% to 15%. It seems the economy is in more dire straits than we at first feared. We all heard the rumours but it does seem like a bit like panic to us. However, we at UPSMart have always maintained:
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Anyway, back to the VAT, tomorrow we’ll be making the changes so if you’re a VAT payer you’ll find our prices just got even better.
Actually, we still need to charge VAT at 17.5% until 1 December, but we’ll do the maths when we charge your card so that you pay the equivalent of 15% VAT
Comment by upsmart — November 27, 2008 @ 9:03 am
And for those of you keen to know, we’ll take the product price, multiply it by 46 and then divide by 47. VAT is then added at 17.5%, which will be the same as adding 15% to the normal price. Just so everybody knows, this is a saving on the product price for a limited time!
Comment by upsmart — November 27, 2008 @ 4:17 pm