Jump to content

Recommended Posts

Okay, I'll do it.


The additional 2.5% on VAT would turn a pound store into at 102.1277 pence store, not 102.5.


This is because the additional 2.5% is added to the pre VAT price of the product, which is 85.10638p, not the inclusive price of 100p.

Huguenot Wrote:

-------------------------------------------------------

> Okay, I'll do it.

>

> The additional 2.5% on VAT would turn a pound

> store into at 102.1277 pence store, not 102.5.

>

> This is because the additional 2.5% is added to

> the pre VAT price of the product, which is

> 85.10638p, not the inclusive price of 100p.



Brilliant - could not have put it better mysekf. I was itching to do it though.

DJKillaQueen Wrote:

-------------------------------------------------------

> So that would then mean 2.1277 less pence per unit

> to the supplier which would trickle down to lower

> wages in the factories of India whaere the goods

> are made?


No.

What Mick may be saying is that VAT is a tax which at whatever rate it is goes to the government. Anyone registered for VAT is acting as a tax collector and nothing else. So the price per unit remains the same. However, with the additional tax, less units may be sold.

Huguenot Wrote:

-------------------------------------------------------

> I can't imagine that much in a pound shop is zero rated, apart from razor blades


Ah. I was thinking of the 99p shops. Different kettle of fish, maybe. Fair bit of edible stuff. All pretty straightforward. ;) http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000118#P67_4124

ST&NLY Wrote:

-------------------------------------------------------

> Just heard from my friend who works for the estate

> agency Alan & Hansen that Poundland have a temp

> permit for 2 years to run their business in

> Lordship lane.

-------------------------------------------


From the horses mouth..


http://upload.wikimedia.org/wikipedia/commons/e/ee/Alan_hansen_in_2004.JPG


" Poundland have a temp permit for 2 years to run their business in Lordship lane. "


I thank you



W**F

Huguenot Wrote:

-------------------------------------------------------

> Gosh, no you're right. I've just been to

> Poundland's website and they do stock a lot of

> food.

>

> I always thought they were just bric-a-brac

> stores. I was thinking of that place on LL where

> they sell lots of plasstic buckets.


A J Farmers - 'where you can buy absolutely everything for absolutely nothing.' as jimmy nesbitt once said to me. (oh yes he did...)

Mick Mac Wrote:

-------------------------------------------------------

> Huguenot Wrote:

> --------------------------------------------------

> -----

> > Okay, I'll do it.

> >

> > The additional 2.5% on VAT would turn a pound

> > store into at 102.1277 pence store, not 102.5.

> >

> > This is because the additional 2.5% is added to

> > the pre VAT price of the product, which is

> > 85.10638p, not the inclusive price of 100p.

>

>

> Brilliant - could not have put it better mysekf. I

> was itching to do it though.



Lol how Anal are you lot!!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Just wanted to come on and give the very highest of recommendations for the service I received from Nunhead Carpets.  Not only did Vince (shop manager) open up shop again for us when we arrived late, on spec to see samples, and talk us through all the options but Darren, who then came to fit the new carpet and underlay on five flights of stairs and two landings, has done an incredible job going beyond expectations.  Expert work from a real pro, arrived on the dot, worked hard and left everything looking wonderful.  I cannot speak more highly of this service and will use them again in a whisper.
    • My first action would be of course to go onto social media.  Or maybe not 😉
    • Thanks for the suggestions! If the Angel Oak is the pub on the edge of the Rye, it's probably not too far, but there might be more central (to East Dulwich) pubs to try first. No way will Nyge and I  ever  go to the Cherry Tree again, sorry. We had the most appalling Christmas Day meal there,   which cost us nearly two hundred pounds (for two people) without drinks. It was the only place within walking distance  locally which had availability that day, apart from the Plough (which ironically we wanted to avoid after previous bad experiences with the food  there). We did complain at the time, and were given a free bottle of wine (we don't often drink wine and were having beer with the meal) but we did not want to make a huge fuss and spoil other people's day as well.  Our detailed complaints in an email  were never properly addressed, and my last email to the manager was never answered.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...